Rory,
Never looked at IN before, do you have a feeling for when/how they will make money, and how much? Projections are for earnings of 4 cents a share next year (the high projection is 6 cents), which gives it a P/E, even at $1.50, of about 37. I know they don't have much debt, but do you have a sense for what their running costs are? (That is, assuming bad news, how long before they burn through their $1.20 per share or $565 million of cash.
Is there a story here (somehow today's press release on expanding to Estonia doesn't do it for me), is IN poised to take over profitable business from its competitors, is it a tasty morsel for a buyer?
TIA,
Kb |
