short idea? Dear Reader,
Stocklemon has published a new report on Interoil Corp. (Amex:IOC)
www.stocklemon.com
It appears as if Interoil is running out of money two different ways. This company has never delivered on any of its promises made to Wall St. and the company is on the ropes. With a market cap north of $500 million, Interoil does not even have a CFO and they just received a Going Concern from their auditor. Stocklemon believes that Interoil will soon find its home in the low single digits, where even there it might be too richly priced.
Cautious Investing To All
Stocklemon.com
-------------------------------------------------------------------
All posts are strictly my opinion and are not buy or sell recommendations.