I think the big issue here as an investor in IFL is that the outcomes (which have very large implications for their business) are largely out of the hands of management. And because the implications are so large for the future value of the business trying to value the stock today is more about trying to assess the likelihood and probability of the outcomes.
I'm not saying I have the answers - I am saying that I see the risks and I find it hard to probability weight the outcomes and invest my capital in the stock. I'll let you do the hard work though.
IFL Price at posting:
$8.10 Sentiment: None Disclosure: Not Held
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