My comment would be that it is a gamble on Allco's part as they have a large holding in IBA as a cornerstone investor.Allco have also stated that their current funding is from the Australian domestic market and is not directly reliant on US debt markets.One of the reasons IBA appeals to me is that Allco would have run the ruler over the Isoft.Another reason is that Health is a growth sector and IBA have been winning contracts recently.warren Buffett predicts health to be the growth area over the next 20 years.IBA is a great Australian company taking on the world.
IBA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held