RE: Bought deal @7.00 EOMthis financing is what i called a "momentum killer." the short-sighted management just couldn't wait and wanted to take advantage of recent surge and they don't even have the confidence to create a better value later and get a better pricing. That's why I own CFP and WEF instead, those two are already making money last few quarters and IFP is still losing big.
Management is the key component of a successful company and can be a drag like numerous examples. I am not saying IFP won't rise over this price level. In fact, if the whole forestry industry turns around (I believe it already is
) and, they will tag along and investors will make some decent gain too, but IFP is just a follower.
I welcome any comment
King of Good Deal