I bought IIN back in January when it was $2.81. The price began falling soon after I bought it. I bought into it because of several factors. Some of those were low P/E [10.82 yesterday], annual shareholder return of 20.5% over the past three years, forecast earnings of 26.7 cents for 2011 and the expert recommendations reported on Comsec [4- strong buy, 2- moderate buy]. The price fell gradually to $2.35 by mid March for no good reason that I could discover. I have held on to the stock because I could not find any reason other than the falling share price to sell them. They have recovered to $2.82 at the present time and the experts are still recommending this stock. I plan to keep them, unless I see some bad news appearing, or the experts start to lower their recommendations of the stock.
IIN Price at posting:
$2.82 Sentiment: Hold Disclosure: Held
