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Strategies & Market Trends : The Round Table: A work by the squares of the SNDK thread.
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To: Diamondhead who wrote (44)3/14/1999 4:16:00 PM
From: Bill Zeman  Read Replies (1) of 194
 
Kevin

I used to own IFCI a couple of years or so ago. Way back when they were just buying Concepts over in TN. I bought in the high 1's, and sold out in the mid 2's. I should have held on, huh?

The reason I hesitate to get back in is that IFCI is just a micro cap high tech construction company. It is not a business that I can see growing real fast, too labor intensive, and comes with all those unpredictable people problems and such. They are still just so small that they are only in Arizona and parts of the Southeast, right? They may get a few contracts in California now and then too, right?

I guess the long and short of it is that I just don't see them as a lock to make lots and lots of money in the future. It doesn't seem worth it to invest in such a small, slowly growing company with all the exposure they have in their type of business. I generally like them, but will continue to be on the sidelines until I can see that clear lucrative future for them. I'd rather invest in something like QWST who actually owns the fiber and is already huge for a bandwidth play. Am I thinking wrong here? I do welcome any info that can convince me that they will make a ton of money though.

Bill Zeman
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