2 problems with IHG.1) Stock overhang by ING. No one has...

2 problems with IHG.
1) Stock overhang by ING. No one has confirmed to me they are selling but someone is in large parcels.
2) Revenue profiles.
The market has / is changing when it comes to valueing companies whose revenues are not totally recurring.
DO NOT assume just because a company has a PE of < 10 it is a bargain if it's revenues are still contract based.
IHG has stated 40% of earnings will be recurring this fin yr but until runs on the board in this area beware.

Saying all that one to watch when current selling is exhausted, have been watching VOLUME closely for quick trade.