Well, buried in the SEC papers is a letter from the previous auditor saying he figured things were pretty clean as far as the books were concerned, and being a bookkeeper myself, I found that comforting.
I am trying to diversify my portfolio, and figured if IPQ didn't do as well as it expected (at first) on selling pipe for fiber-optics, they could still fall back on the fact that their customer base includes the general construction industry.
They manufacture both in Ontario and Alberta, which tells me that they are capable of adapting to different business climes. Central Canada is very "pro-union", and Western Canada isn't nearly as much so (although I don't know if their shops are union or not).
They have been operating for a few years already, and that, I figure, is a good thing. On the "abstract", it is interesting that the surnames of the company big-wigs are Italian (or Portuguese), which isn't a bad thing either - the best masons and bricklayers are known to be from those climes, and their business ethics are pretty strict, too. Being a tad ruthless in the business world is a good thing, and their heritage implies stability.
The assets, as I recall, more than make up for their debt, so from a common-sense, analytical aspect, they look like they INTEND TO STAY IN BUSINESS. |
