Maybe Seer. I don't know who Peter Lynch is, or what the 10 bagger talk was about.
There is something of a stampede into IIF which is curious to me given the relatively high gearing and the likelihood of covenant breach.
Personally, I would only be a buyer at these prices if there was certainty on the covenant front.
I suspect that those with foreknowledge of an upcoming covenant relaxation or corporate deal might be buying now.
The way it was looking in the last 30 minutes I half expect a T.H. before the open tomorrow. I will be ropeable if the last week has been yet another case of insider trading.
IIF Price at posting:
26.1¢ Sentiment: None Disclosure: Held