What about the sell order at $1?Maybe he is confident of it...

What about the sell order at $1?

Maybe he is confident of it getting there.

IIF use to trade healthily around $2 bucks. We may msee a major re-rating from here....wouldn't surprise me to see it at 50 cents in a week. Its a huge amount of debt they are paying down and assets they are divesting.

The discount to book value doesn't seem to unfair in this market. Only the strong will survive these market conditions and a lot of company;s got bundled with their ailing sectors but some company's who got hammered will spring back nicely and right now I am looking for wrongly oversold company;s such as IIF.