Still more people out there !
I am holding a few thousand shares of IACP at an average cost of about $2,5. Still accumulating if price dips under $3,00.
I mainly went into this investment because i saw the IPO taking place at $6,00 a share, increasing to $7,5 and then falling like a stone to $2,5.
What got me interested is that the underwriters of that IPO have been Alex Brown, UBS and SoundView Financial Corp. I think a lot of institutions and private investors are in that company at a level of $6 and higher for medium to long term.
Without going to much in details now, i think that the company will trade significantly higher, if they are not killed by competition. Mainly by much larger companies with more financial power and endurance to win such a fight.
As i read out of the SEC filing, they still largely depend on a few big customers, and if an order is cancelled or delayed it is showing strongly in the next earnings results, which will further influence the stock price as we have seen it already happening before. So be prepared for volatile times.
As i said for the long run (18-24month) i believe in a much higher stock price. When IACP gets better known and more fully recognized for its growth potential, a higher P/E looks inevitable.
Chris |
