TSX:IBG.DB.E - Post by User
Comment by
SGordBon Nov 12, 2012 4:02pm
239 Views
Post# 20590033
RE: RE: RE: Read and weep!
RE: RE: RE: Read and weep! Alas, their outlook was also very confident after Q2, which is why analysts' estimates remained high and some investors like me went overweight at these faux deep value prices. To quote from their Q2 MD&A (https://www.ibigroup.com/Lists/Investors%20List/Attachments/25/MDA_June30_2012.pdf):
"IBI Group continues to be confident in its ability to achieve a program of continuing to build with successful financial results....
"Accordingly, the outlook for IBI Group for the remainder of 2012 is very encouraging...."