IGLD has around $65 million in cash or around 56% of it's current market cap. How IGLD puts to work this $65 million is holding back the stock price - uncertainity. The downside is limited based on IGLD revenue and earning's growth. It looks like it is making the right moves and the stock price may take thru 2006 before the markets realize the future of IGLD. Dutton has a $9.50 stock price on IGLD or a 50% increase from the current $6.30 level.
It is fustrating to watch Igld's stock price slowly come down each day on low volume. This stock moves on news and progress on the revenue and earnings front. The markets are also waiting for the some of the $65 million in cash being put to work.
I doubt that Igld is a take over candidate. Two large investment groups in Europe own around 70% of the stock.
I belive in the stock but we must wait for Igld acqusition plan to play out over time. News will drive the stock price - it should happen very quickly. So being out of the stock and waiting for the news before buying is not a good strategy.
I purchased 7700 shares around $5 average a few months ago - 26% increase. I am looking for a year end price of at least $8 and think that with a good market it could hit $10. We need some of the $65 million in cash put to work this year.
I see that you are from Italy. I lived for three years in Napoli from 1964 to 1967. I just returned from a 30 day vacation in Greece.