I sold out of IRI a few years ago in the mid 2s, and haven't been following the company since. I had no idea it had fallen this far from the market's good graces! While I am mildly interested again, like Andrew said, it skews more towards a value trap.
I just noticed @Strawmans post on the downgrade for IRI. I jumped into IRI about 12 months ago thinking they were cheap on an historical PE bases. I sold IRI not long after. when I saw the declining ROE story. I don’t really know what’s going on with this business and haven’t followed it since I sold, but the trend doesn’t look good for ROE. This poses the question…is IRI losing it’s competitive edge?
Feeling pretty good about selling out of Integrated Research at $1.36 -- even though it locked in a 28%-odd loss.
Nothing to crow about given the overall result, but pretty pleased with myself in terms of process and overcoming my anchoring and endowment biases.
The conviction was just no longer there. When in doubt, get out!
(Now watch it double from here...)