TSX:IBG.DB.E - Post by User
Post by
caillenon Nov 13, 2014 3:46pm
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Post# 23126228
Sub $1.60.
Sub $1.60.I still say sub $1.60. Brutal financial irregularity reporting and they have a history of it. No equity. No book value. Falling margins. Negative income after adjustments. Revenues have been flat and/or falling for several quarters now. No reason to take the risk until the risk reward levels become stupid which to me would be anything under $1.50. I can't see any institution putting their money into this especially with negative equity and negative book value. I'll check back towards the end of the year and see if tax loss selling accelerates this to the downside like it did last year. Good luck.