You are absolutely correct. Revenue increased and reached 1 billion $'s. Profit dropped from $148m to $132m. It's trading on a forward PE of 19. Meanwhile, there's companies trading on PE's on +70. They have revenue with bugger all profit. For people invested for the long term, IEL is clearly a stock to avoid AT ALL COSTS. You are 100% correct.
IEL Price at posting:
$12.73 Sentiment: Buy Disclosure: Held
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