By Chris Bailey | Monday 6 August 2018 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. Take a look, if you wish, at the share price graphic of the property company IWG (IWG) - formerly known as Regus - over the last year and which is down 20% odd today. The phrase uninvestable comes to mind. Big ups, big downs and - at the end of the year - what have you got to show for it? A share price back to where it was the last time I wrote about IWG turning down a bid for its business here. This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Chris Bailey, editor of Financial Orbit, has taken a swipe at IWG after the company walked away from takeover talks with three suitors. Bailey, who produced a rather unflattering review of the company when it issued a profit warning in October 2017, called the company "uninvestable", pointing to share price action heading back to levels seen last year.