Just made my first buy of IRF today. Just started doing my DD couple of weeks ago but when I saw the dip today couldn't resist and made a small purch. Small partly because its a little early in my learning process and partly due to lack of funds. There's been a lot of " good value" plays available lately. A lot in stocks I had already owned.
Your statements concerning the perception hits the nail on the head. It doesn't matter how good the earnings that they report for this qtr if they give ANY indication of a slowdown in the future. Have some concerns from comments about discussions with IR. They seem very conservative in their reporting approach. Hope they aren't too cautious with their guidance. What has been everyone's experience in that regards over the previous quarters?
Anyway I'm in at 40. Hopefully looking at a 2-3 year hold.