Re "The guys at FRC couldn't keep up with their TP. Each time they specify one, it gets smashed out the window in a few weeks." I agree with your sentiments, though I note $1.36 is their fair value, which I usually interpret as "right now" rather than a target price (TPs usually have a forward date, and I didn't see a date, so you might be correct) - so they could argue they got that right?
More importantly, I'm interested to see that they have a rating of: "4 (Speculative) - The company has little or no history of generating earnings or cash flow. Debt use is higher. These companies may be in start-up mode or in a turnaround situation. These companies should be considered speculative. " Fair enough, but realistically, IMO we are way past being a true speccie, even if ADI is knocked back at this stage
ISX Price at posting:
$1.36 Sentiment: Buy Disclosure: Held
