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Internet Gold Golden Lines Ltd. Message Board

  • qresearchq qresearchq Jun 17, 2005 7:57 AM Flag

    Igld - a future earnings/revenue story

    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.

    Fidelity owns 7.59% of IGLD stock.

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    • Looks to me like IGLD is quietly building value and I like the fact they have lots of cash for acqisitions, etc. Appear to be undervalued at this point...imo

      I wonder if they wouldn't be good target for acquisition?


      • 1 Reply to sudnwealth
      • 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.

    • ....correct....
      infact today I am going to buy a initial 2,500 stocks....

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