Equinix (EQIX) Makes New Highs

In my last update for today, I´d just like to point out that Equinix´s stock (EQIX) continues to make news highs. As mentioned in a previous post, the fastest growing part of IIP´s business is its Managed Hosting/Co-Location business, which is quite similar to EQIX´s hosting business. Can IIP´s stock be too far behind?

IIP´s earnings are due out this coming Tuesday. We´re crossing our fingers for a decent report and more importantly a strong outlook. Nevertheless, with every single competitor reporting stellar results and all the stocks in the sector hitting new yearly highs, IIP cannot remain at such a low relative valuation (as mentioned here) for much longer. At some point a buyer will emerge, if the company cannot perform up to par (a distinct possibility, of course). However, my bet is that a rising tide will lift all boats in this sector and that IIP will report significantly improved results throughout 2006, despite what appears to be a sub-par management team.