comp for SCG.v?I stumbled across PHD.to. Phonetime is focused on selling international long distance telecommunications services on a wholesale and retail basis. Sales are higher than SCG.v at 44million /qtr but profits are dropping from $236K in Q1 09 to 31K in Q3.
Sales appear to have plateaued and so have operating profits. The shares are priced similarly to SCG.v but the trends tell the story. SCG.v appears much healthier, with sales and profits rising during the slowdown in the economy.
Another reason to look at PHD is that the stock chart shows the company was valued much higher in 2008, with a peak of .50. So the market will pay for stocks in this sector.
Looking forward to Q4 and beyond for SCG.v. Continued growth of the top and bottom lines should lead to a much higher stock price in the .20's.