Dennis Beaudet
Long only

Ithaca Energy: Strong Growth But Deeply Undervalued (For Now)

In our quest to seek and find alpha, our job is very easy when we are at the bottom of a major slump in the market indices and certain sectors have had the stuffing overly knocked out of them. It is akin to shooting fish in a barrel. However, when the equity markets are high, then we have to look to sectors and particular companies in those sectors that are currently unloved and will be the beneficiaries of rotation and a sentiment shift by investors (at least that is what we believe). I believe the energy sector and Ithaca Energy (OTCPK:IACAF) fit the bill of an unloved sector and an unloved company in that sector.... for now. Ithaca...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details