Ion Geo is a turnaround play with an easy 3x potential in 12 months.
I’ve mentioned this company before, but they’re at rock bottom right now. It’s a good time to get in. If you look at ION Geophysical ticker symbol IO you’ll see that they have 3x to 10x potential over the next couple of years. It’s a turnaround play from geophysics around Oil & Gas into Port Management software.
They have 6 figure insider buying at $3.5/share last year and today they’re $1.42. https://ca.finance.yahoo.com/quote/IO?p=IO
Here’s the insider transaction from last year. https://finance.yahoo.com/news/comfort-insider-transactions-ion-geophysical-140953453.html "Over the last year, we can see that the biggest insider purchase was by Chairman & Lead Independent Director James Lapeyre for US$183k worth of shares, at about US$3.66 per share. That means that an insider was happy to buy shares at above the current price of US$1.50."
They used to be a huge deal in the 90s. So it’s not a POS company. If you’re one of the big Oil companies you buy Geo Data from them and they’re an industry leader. Just the industry is shrinking, but they have new products and services outside of Oil & Gas.
Here’s my portfolio so far:
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July 22, 2021 at 08:58AM