IPH Ltd (IPH)
Back in January of this year MM's assessment of IPH was "looks okay under $7", but with provisos about the organic growth potential of the company. The share price is now under $6 and they have just raised $100 million in a placement at $5.65 per share, to fund the acquisition of a Canadian firm. Do you think that this recent development and past history suggests that IPH growth potential is essentially inorganic? From an investor's perspective is IPH essentially an income stock with limited growth potential, and with the disadvantage that dividends are largely unfranked?
