To: Sultan who wrote (1713 ) 12/9/1998 12:40:00 PM From: Ally Read Replies (1) | Respond to of 3721
Sultan To answer your question, I was busy with a couple of projects and couldn't find time to frequent SI as much as I would like to. Anyway, as far as this stock goes, I increased my stake at $5.80. I'm overweighted on the stock at this time...against my portfolio policy... but not concerned... and willing to wait. Truly believe in the fundamentals and satisfied with the progress made by management since merger. I like it when management is actively growing a company. So far, since the official merger around June, they were active and have completed a spate of new developments and progress. Revenue and earnings are growing above 20% rate (not counting the quarter's write-off) Unfortunately, the small cap market in the U.S. is in the dumps, and with it, this stock. In Canada, investors are confused by merger, and the 2 types of shares, and the foreign content characteristic of the stock. I bet you that some Cdn brokers are confused trying to explain between the two types of shares on TSE, and very likely that is why there is such huge price differences between IVI and IVC from time to time. It is not a trading stock, and it requires patience to wait for the stock to be in the limelight. In the meantime, the fundamentals are going fine, with growth in revenue and earnings. When the stock price starts to jump again, it can easily jump 20% to 50% within days. Witness two weeks ago when it jumped from $6 to $9 within days. At this time the stock is settling ... normal for stocks to settle down after making a huge jump. It is great 2nd opportunity for buy&hold investors to climb on board on a stock with solid fundamentals and great growth outlook. TTYS, Ally (with a theme song!)