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"SC had a much stronger balance sheet back in the early
2000’s. Go back and take a look at the year-end 2003 balance sheet. Current assets were almost triple what they are today, and current liabilities were almost half of today’s levels." Yes as we both agree, 2003 was a good year for SCSS. By 2003 SCSS had recovered from its penny stock price to over $20 or 4 times the current price. However, in 2001, the books looked worse than now and the share price was pennies. 2003 was an amazing year for SCSS. It went form just over $6 to over $21 in about 9 months. If you compare the books for 2001/2002 to 2003, you will see amazing groth in earnings as well. 2001/2002 look like 2008/2009 in many respects including earnings and debt/assets. If the end of 2010 looks like the end of 2003, we will see an amazing share price increase When these guys try hard and watch their costs, SCSS performs like a champ but when they don't it tanks like lead. I think they are of the mind set now to perform and watch costs. How long that will last is a guess. Last year was sober up time and this year was a dry out year - hopefully next year will be a recover year as 2003 was. Rating :
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| Subject | Author | Rating | Time of Post (ET) | ||
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This company is severely under valued on an EV/EBITDA b...
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courtneyham... | (2 Ratings) | 30-Oct-09 08:02 pm | ||
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I absolutely must have it hit 20 to bail me out of...
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golftheband... | Rate it | 30-Oct-09 08:43 pm | ||
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The consensus on TD Ameritrade of 5 different...
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usetobetaxi... | Rate it | 30-Oct-09 09:18 pm | ||
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isn't it true though that there are many...
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golftheband... | Rate it | 30-Oct-09 09:34 pm | ||
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.."The chart is so far a mirror image of...
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minnehaha72 | (1 Rating) | 31-Oct-09 01:38 am | ||
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Good post, I think you have a good ...
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vmbray | Rate it | 31-Oct-09 08:58 am | ||
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Re: Valuation
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usetobetaxi... |
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31-Oct-09 11:06 am |
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