High-yield/macroeconomics (fka YIELD)

[Democritus_of_Abdera]

IWA at Jefferies Co. Communications Conference

IWA’s webcast of the presentation to the Jefferies Communications Conference today was uneventful. It was a reiteration of IWA’s strengths (stable dividend, incremental growth opportunities, and no impending regulatory risk). Craig Knock detailed company history and its market position. There was one question, i.e. why is IWA’s tax rate so low (i.e. because of a long standing NOL and goodwill amortization which will continue until 2015).


PS: Abreis, I imagine that you have had a lot of excitement recently with regard to any banking and brokerage stocks you may have purchased.... I for one have been looking at Regions Financial for a long time, but have been scared away by their large exposure to home equity loans (these lose all of their value when a property is repossessed).