IEF ief real estate entertainment group
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net asset backing > 4x share price

  1. arsonist
    351 Posts.
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    04/12/10
    12:32
    Post #: 7567598
    Currently the shares are trading at 0.10, but as I calculate, the asset backing is 0.40-0.49.

    Either the property portfolio is overvalued, or the SP is undervalued.

    IMO it's the later.
    IEF Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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