Very good posts today, Guts. Here's my response..
Post# of 7769
Posted On: 03/27/2014 1:21:52 PM
Very good posts today, Guts. Here's my response...
Guts - I agree with you 100%. As your reference to the recent PRs on increased and additional revenue streams and prepayment of toxic debt implies, SCRC is light years ahead of its financials. We all know the 10K covering 2013 will be bad. This has always been about 2014. If some folks want to wait for the information that has been expressed in PRs to be restated in more detail in the fins that's perfectly fine by me. Many savvy investors believe that to be the most prudent approach; it clearly lessens the risks. Of course there are those of us who would rather try to piece together the story based on the PRs and the tone of management. Neither group is right all of the time, nor is either group wrong all of the time. Heck, everyone here has been wrong before. If done properly, however, both groups make money. As a member of the former group, I'm satisfied with my DD and substantial investment in Scrips. An unverifiable post on this anonymous message board will not convince me that I made a bad decision here. But I am watching this company like a hawk. At this point, all I see is a dime stock and a company that is making more and more money while also paying off toxic debt and increasing the number of revenue streams. At this point, I see very little downside and explosive upside.
All of that said, I urge everyone to do their own DD and form your own opinions.
Guts - I agree with you 100%. As your reference to the recent PRs on increased and additional revenue streams and prepayment of toxic debt implies, SCRC is light years ahead of its financials. We all know the 10K covering 2013 will be bad. This has always been about 2014. If some folks want to wait for the information that has been expressed in PRs to be restated in more detail in the fins that's perfectly fine by me. Many savvy investors believe that to be the most prudent approach; it clearly lessens the risks. Of course there are those of us who would rather try to piece together the story based on the PRs and the tone of management. Neither group is right all of the time, nor is either group wrong all of the time. Heck, everyone here has been wrong before. If done properly, however, both groups make money. As a member of the former group, I'm satisfied with my DD and substantial investment in Scrips. An unverifiable post on this anonymous message board will not convince me that I made a bad decision here. But I am watching this company like a hawk. At this point, all I see is a dime stock and a company that is making more and more money while also paying off toxic debt and increasing the number of revenue streams. At this point, I see very little downside and explosive upside.
All of that said, I urge everyone to do their own DD and form your own opinions.
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