Interesting being the same author. And that MF appears to be still promoting IRI, albeit Dean Morel is not an employee and has his own business.
However, it tells the story: 1st article when IRI had earnings of 4.5c, share price under 40 cents, dividend 4 cents, and cash. Relatively low risk.
Now, 2012 earning 5.4 cents, SP $1.20+, dividend 5 cents, still has cash.
Company obviously in a sound position, however value ... ? One would have to say the "easy" money has been made.
MJS
Ann: Half Yearly Profit Guidance , page-37
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