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"We believe intrinsic value is zero," writes Whitney Tilson of the $2.6B-valued InterOil (IOC)...

"We believe intrinsic value is zero," writes Whitney Tilson of the $2.6B-valued InterOil (IOC) in his monthly letter . "Real energy companies do not quickly make multi-billion dollar commitments in "poor, corrupt countries." Even in the doubtful case InterOil has discovered a major gas field, it will take years to find a big-tme partner, yet the company has promised such to the government in the near future. [[More on IOC]].
Comments (2)
  • J 457
    , contributor
    Comments (947) | Send Message
     
    Hmmm. Isn't he down about 25% this year...
    16 Dec 2011, 04:49 PM Reply Like
  • sheeple2012
    , contributor
    Comments (203) | Send Message
     
    Based on how Tilson has traded NFLX this year, I will look to buy IOC monday a.m.
    16 Dec 2011, 06:05 PM Reply Like
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