Received an alert this am about $IEC from http://yugestocks.com/?s=IEC, you may want to take a look. Parkinson's law of institutions: instituitions build their perfect headquarters at the beginning of their decay. Making money day trading.
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Ihawk..can't believe your still in this dump fire. Even Pepsi the Clown threw in the towel. How much shame and degradation can you handle? The IEC KiDs cLuB disbanded years ago. You were one of the more rational..I thought anyway :-7
Take a deep breath because I am about to tell you how I made A LOT of cash in the market recently. Google “LoinStockAlerts” and see for yourself…They have killed it for me
When you add in Vintage Capital's 10 percent stake that does not get reported as institutionall since they are on the Board of Directors you have reall institutional holdings at about 40 percent. When you add in Gilbert, Schlarbaum and other insders it may well be darn near 50 percent of shares locked up by either institutions or insiders. This company will end in buyout and it will beat a much higher price than today's close.
IEC's largest shareholder just doubled its stake. Tocqueville now owns almost 20% of al IEC shares outstanding. Institutional ownership is now at 30% and it has not been that high for perhaps 20 years. This company will double on buyout or on fundamental growth in reves and earnings. REAL GAAP EARNINGS!!!! Not hot air or phony non GAAP EBITDA garbage is worth a premium not a discount in todays market. Tocqueville did not just double its position to lose money..........
Ready to pop
Good report. The turnaround is well underway & it's time to start opportunistically buying shares. The $0.15 +/-per qtr. earnings looks solid and at an avg. PE the stock will be nicely higher.