IIF 0.00% 53.5¢ ing industrial fund

Maybe Seer. I don't know who Peter Lynch is, or what the 10...

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    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.
 
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