RE: Impressive PresentationThanks for the update. Good for you to post your impressions from the stock promotion seminar. I have criticized IPEC in the past for not "playing the game" with brokers and analysts and promote their company. With revenues approaching 250 million annually, they need to focus on investor relations and tell their story. Up till now, they have had a very low profile. I am encouraged by their efforts.
I believe this stock is undervalued as well. IPEC has been picked as a best buy in the oil and gas sector by analysts and if you look at their track record over the past three years, it has been impressive. Their acquisitions are funded from working capital for the most part. Having recently completed their share buy-back, the shares will reflect higher earnings per share going forward. I am predicting 45-50 cents per share for the year.
Most importantly, their management is highly regarded. An associate working in business valuation studied their business model and completed an evaluation of the company. He was most impressed by the management. I believe that management is the most important element of a successful company and they seem to have the right stuff.
These are my opinions which, of course, take into account the American oil policy perspective, global warming, the Kyoto Accord, the currency flucutations of the Japanese Yen, and the price of rice in China.