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IFL - who's got the goss?
I've had my eye on IFL for some time. I didn't buy in the end, because I have trouble figuring out how much of their earnings are real and how much are a consequence of revaluing existing assets. Their growth and ROE are either ho-hum or spectacular depending on your view of these revaluations.
They've had a very steady rise the last week or so.
Has anyone else been following them? I confess I'm still tempted, but I won't be buying until I'm confident I've untangled their books correctly.
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