IM have added to their VSL holdings because the opportunity was too good to miss. When you have 17% of a company you don't always continue buying. Just because they were buying at $1.05-$1-10 doesn't mean they think it's overpriced at $1.20. It's the opposite, they have got in on the ground floor and now will wait for the true value to emerge going forward.
I can foresee higher EPS growth and dividend growth in the future if the business plan is executed correctly, and it appears they are on the right track.
I hold for the medium to long term.. My opinions only.
Do your own homework on VSL
VSL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
