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They reported a very strong quarter (bottom line

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ghmm   Thursday, 10/21/10 04:52:04 PM
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They reported a very strong quarter (bottom line as margins were really good). If they can keep this up it won't stay at half of book forever smile! Actually in listening to ITI's conference call (now) they talked about acquisitions and I recall ISNS was going to raise money to do this same. This would be a nice addition to either of them.

I know it would probably take some pressure but IRD management hasn't done the best for shareholders and I wouldn't be upset to see a fund push them to sell out. I think at $1.50 - $2 management would have a hard time turning it down and it wouldn't be exactly expensive for an acquirer at that price as it would be just a bit above book.


I haven't figured out IRD's pattern for conference calls yet (maybe twice a year?) no one this quarter but one last quarter.

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