Friday, December 01, 2006 12:12:13 PM
I just read your article above and while I agree that many small microcaps really do use these splits as ploys I believe that there is a brewing story here.
Currently the IBAC's market cap is just over $2MM. This is a company that owns two restaurant properties a couple of hotels and just purchased a golf course (non-dilutive).
I suggest you do a little due dilligence before blasting a stock like this. Remember you referenced outback in your article, so why not categorize this as a possible outback play as the Company does intend to franchise their Sanibel Steakhouses.
BTW, yeah, I know we heard before, but A/F are soon to come out and it would be interesting to see their assets compared with their market cap.
This of course just all IMHO.
Lets talk in a couple of weeks.
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