To all of you that bought IBC stock in the last few days at $15 or so, thinking it is going back up, well, it may for a few months until their 3rd. quarter earnings are posted, I suspect they will be just as bad as their 2nd. quarter earnings were, and their 4th quarter earnings wil be just as bad, this stock could very well be at $6.00 by their report on their 4th. quarter earnings. Don`t bail out on my advice, I only had 34 years in the bread business.
You may have 34 years in the bread business, but that doesn't make you a stock expert. Given the new management earnings projection the stock is trading at a current P/E of 11.43. Therefore, I believe it is a buy.