$0.48
0.00 (0%)
Irwin Financial Corp (IFC.DL)
CAPS Rating:
A diversified financial services company. Its major lines of business are: mortgage banking, commercial banking, home equity lending, commercial finance and venture capital.
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Fool UK
Recs
The most painful Hidden Gems, Pay Dirt stock I ever bought...
I second the motion. It is the biggest loser in my portfolio though I'm holding out that it might eventually recover (considering it has lost half its value since I bought it).
I agree. So far it's a total value destroyer, and I'm having a difficult time determining if it's worth hanging on.
I completely agree - The record for Pay Dirt is pitiful. They have no idea what they are doing on this new product. In concept it may have sounded good but they have implemented it with utter failure.
IFC will be down years and years and so will we and thousands of others thanks to Pay Dirt
what did you do buy as soon as the rec came out???????????
I bought at 12.00 and you can see where I am today. Hard to believe they didn't see this one coming. Maybe there are just too many plans to watch over but when I listened to the first PayDirt meeting and Tom was so high on IFC, I figured, he certainly knows something I don't and so, I invested a great deal. Your right, it hurts. But, remember PayDirt was not for those who were not willing to wait at least three years so I will wait and pray.
My cost is 16.20 after having bought this stock foolishly on a very foolish reccomendation (the fools probably have too many products and so make too maany recs). I am still foolishly holding as book value of IFC is still high relative to stock price and it looks to me like they can turn it around. Baby has already been thrown out with the bath water.
yup paydirt was a total failure.. if you wanted to sign up now it actually says due to an overwhelming response they are not taking on anymore customers and will contact people intersted when an opening becomes available.. what liars!
So dishonest. I was a Pay Dirt member, and some of the biggest red in my portfolio was from their picks. I was fortunate to sell IFC at the end of last year at $7 and only lose about 50% of my money. I still have another that I get to see every day at about a 50% unrealized loss. I got out of everything else in time to only lose nominal amounts. What really ticks me off is that MF doesn't include their unbelievably terrible results, for which they charged a premium, with all the rest of their services which are in the green. They have their name on it, it should be displayed with the winners. So dishonest.
I agree. This company has been taken out to the woodshed and killed.
haha...IFC was my worst EVER until this financial crisis hit. Now its just another drop in the ocean. I agree though, paydirt was a terrible terrible service and frankly the advisers had no idea what they were doing.