END OF ARTICLE BY JASON KAPLAN ABOUT IEC. JAN.29/13 HE IS LONG STOCK.
So do I like the stock or do I hate it? Overall, I like it. I will continue to hold my stock and add if we see a further 5-10 percent sell-off. I do believe they have a nice niche business model that might be attractive to an acquirer at some point. If they are able to grow the top-line 5-10 percent a year while maintaining or expanding margins, the business will remain a solid one and the stock should rise at a decent annual clip. I just do not have any tolerance for mistakes the likes of the one made by Mr. Gilbert when providing the investment community guidance for the fiscal year. As such, I think it might be time for some new leadership.