SELL IPAS @ $1.64

Last quarterly earnings disappointed us. We expect our valuation to fall to about $2.70 next quarter based on their guidance. Not a screaming sell, but looks like dead money for a while.

We will take the $.55 in dividends (return of capital) and our 15% gain on this one.

We may be back some day, but not until their valuation starts to move in the right direction.

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s