Savvy Trades and Investments

[wadegarret]

Hweb- IPW

Nice pick. I unfortunately didn't look at IPW until it hit around $2. By then, I felt it might have been fully valued, at a 10 PE going forward, assuming we could annualize the great $.05 non gaap qtr. However after reading the earnings report, there was no guidance, and no way to know if they'd keep reporting that kind of qtr. I would have taken a shot, even at $2, had I thought the company could have actually shown even better qtrs going forward.