RE:Dead moneyReaders of this site will stare in amazement as I agree with MaxMoe that your action to sell IPL and wait till May is likely a bad idea.
My rationale is this: many seemingly intelligent posters on this site have indicated that IPL's lack of details about the status of the partial Heartland facility sale / partnering, AND Heartland facilitiy's level of customer contracting have contributed to the stock drifting until more definitive news comes out.
So if you go back and listen to the most recent earnings call several weeks ago, management stated specirfically that they expect to give an update on the status of the Heartland partner / part sale process as well as an update on the level of customer contracting
WELL BEFORE the next earnings call. Last year they reported their Q1 results on MAY 7th, so if they are saying "well before" (their words) the Q1 financials come out, then you better aim on getting back in during April.
Mongoose wrote: IPL is absolutely worth more than $18.25. However, it will take several weeks for the board to derive a report that details why. It will also take several weeks before anyone else can prepare a competing bid, if any. As a result, in my opinion, that is no catalyst for the stock to move higher in the short term. In addition, the overall market seems jittery to me. I just sold my postion today. I hope to get back into IPL in May at a lower price and a more stable market.