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Investing

International Fight League (IFLI) Stock Launches Again

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By Douglas A. McIntyre Published
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Ifl_logo_1To say a 40%+ gain is an up day would be an understatement.  Traders always look for new stocks that are moving, and this one is a real head scratcher.  International Fight League (IFLI-OTC/NASDAQ)  has everything the "microcap stock trader" would want: recent press, hype, adrenaline, men beating the tar out of each other, a hot product…….but what about a history?

International Fight League (IFLI-OTC/NASDAQ) has seen shares jump 40% this morning after a brief CNBC feature.  The stock has been as low as $3.00 since its recent debut, but now shares sit over $12.00.  Why?  Well it seems that America loves watching big guys do bare knuckle martial arts fighting in cages is why.  The exact term is Mixed Martial Arts (MMA) in team vs. team and man vs. man.

You can take a look at the chart from the company itself if you wish.  Based on 34.1 million shares "indicated" you have an implied market cap in excess of $400 million.  As a comparison World Wrestling Entertainment (WWE-NYSE) has a fairly long history, has a market cap of $1.19 Billion, and has a profitable history.  "IFLI" was a shell company called Paligent prior to November 29, 2006, so you are on your own on determining the real balance sheet here.

IFLI was featured recently on 60 MINUTES, and then again on CNBC just this morning.  The formula has been there before for high hype, big fad, cult stocks.  So the question looks to be "Is the house of cards already weak, or can it be built higher before it crumbles?"

Jon C. Ogg
December 15, 2006

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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