re: down 16% - buying opportunity Total knee jerk reaction to once of write downs. The market constantly surprises me. Do some investors have any idea how to read a balance sheet ? When a company like IHG is really getting into the big money, good practice will always be to write of the crap and clean the books so they they will not be a continuing pain and impact on good profitabiliy next quarter.
They have $80m on the order books and new products penetrating new markets. Looks like a great year for IHG to me.
I'm buying in at these levels.... will be back at 45 by the end of the week.
IHG
intellect holdings limited
