INVN

Investment Analysis Clubs Saul’s Investing Discussions
1

I’m also surprised to see that you moved out of INVN. They seem to be very highly thought of by MF.

Hi again tdonb,

I didn’t have a real good reason for getting out of INVN. Here are some contributing reasons.

  1. Calendar-year-2013 earnings compared to calendar-year-2012 earnings were just 65 cents compared to 58 cents, or up just about 12%. Not a fast grower. (This is not fiscal year which ends in March).

  2. Dec quarter earnings were 15 cents, which was DOWN from 19 cents the year before and DOWN from 21 cents sequentially.

  3. Their outlook for the Mar quarter was for 9 to 11 cents, which was down from 15 cents the year before, and down from 15 cents sequentially (but they may well have been low-balling).

  4. The PE ratio was about 34, which seemed at least fully priced considering.

  5. The price hadn’t fallen much from the high of about $23.50, and I needed cash to buy things which were growing faster, and had fallen much more. So I looked around and decided to sell INVN. It may have been a big mistake, we’ll have to see.

Hope this helps,

Saul

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I will have to look closer at INBK. I think I will keep the INVN for now. I have other things that I can sell to raise cash if I decide to go for INBK.

Thank you.