International Assets Holding Corp (IAAC)

Acquired through the take over of FCSX.

mgmt.

i like the holdings

Overlooked. Not well understood. Could be a screamer, or we could find out it is more fragile than previously thought. I got in low, and have been riding the wave.

Member of the "Mini-Cap Monsters."

Expansion into new businesses and regions over the past two years has begun to show results (two great quarters now). Mgmt claims (justifiably, from what I can tell) to have themselves pretty well set for working capital, for the foreseeable future, so shouldn't be negatively impacted by the credit market troubles. TTM income is (as of yesterday) nearly $2 a share, and they look set to break well through that level for the current FY (now half done). They're on a >50% annual growth curve at the moment, and I see no reason that can't continue for the next 12 to 24 months, just from them fully digesting the expansions they've made in the past 12-24 months. Beyond the 12-24 month time horizon, I don't know how to guess what the business growth will be like. Even if the growth were to slow to a halt 18 months from now, the company would be worth a far cry more than $25 a share. So I'm looking for a double, in 2 years, and then I'll have to decide what the prospects are for the future beyond.

International Assets Holding Corp. It's a home away from home in investments. Of course you don't put all your eggs in one basket so if you invest at home, do find an island for an investment escape. Trading is good. Trading at home is good. Trading globally is great. It's on the up and up and has been having a steady climb in equity.

Management has considerable experience in commodity trading having achieved gr8 previous success at Standard Bank.They are shareholder oriented and appear to be honest.

Undervalued, all they need to do is take a small percentage of the cash flowing through there hands to make a handsome profit.

Experience management team looking to grow the business and supported by the global economic environement

bottom-rated on msn

I have flip-flopped on IAAC. It is cheap enough and today it showed me positive enough results that I am on board the turnaround train.

Any company that is expanding, acquiring, and growing at the rate of IAAC, while potentially recording minor losses in the short-term, is sure to pay off in the long-run

niche markets; great management team focused on the long-term; very little competition therefore very high margins

continuing great run up...off its high but the good news keeps coming.

Good long term play.

the recent price hits were an over reaction
the international mkts will beat the us growth for years to come.

A diversified but extremely lumpy business in the ever-growing international financial services sector. A profitable business hidden behind misunderstood accounting. A smart, experienced management team (with high inside ownership) that works in under-served niche markets where competition is scarce and profits are high. The stock price does not reflect the growth and value that are hidden here.

International Assets Holding Corporation commits its capital and capability to market making and trading of financial instruments, currencies and commodities. Organizing into five wholly owned operating subsidiaries its functional areas of services include international equities market-making, international debt capital markets, foreign exchange trading, commodities trading and asset management.

The company is entering the year 2007 with its stock prices drifting down and uncertainties surrounding its GAAP accounting procedures affecting the profitability. It seeks to address the same with some changes in its hedging policy. Philosophically it believes that the best way to run financial business is on a mark-to-market basis as regards to recording inventory of commodities business.

Major initiatives for the fiscal year 2007 would be the metal business for which it has recruited a precious metal and platinum trader in London apart from establishing a joint venture with a prominent Dubai family. Also it is very bullish on the Asian continent, which it believes to be the fast growing region and has began recruitment in Singapore to spearhead the operations.

Asset management has been consolidated for the first time showing signs of life and revenues have doubled. Huge potential is seen in the Dubai where sophisticated investors find it difficult to access trade finance due to non-standard documentation procedures without any screen-based solutions and mainly dominated by commercial banks. The company with a rich experience in the same has launched an emerging market trade finance fund in January 2007 to serve the same.

The management is very prudent striking a balance between business growth and the capital to fund those opportunities. It has also resorted to convertible issue to fund the growth and has stringent risk management systems to control the same. Moreover it expects the cost benefits to materialize in the coming year with hopes of comfortably beating the market.