SSC Security Services Corp Ordinary Shares V.INP

RE:RE:RE:RE:RE:RE:RE:It’s go time!!!

[bargainhunts]

I've been working my way through the older posts .. and this is a great exchange. I think tkirk is right that Input doesn't look so cheap when you look at other metrics than price to book.

That said I have been buying at these levels. I still think the shift in Input's business model is completely unappreciated by the market. Last quarter's deployment of around $17 million was a record for the third quarter, and almost all of that went into the new mortgage streams. Input's mortgage interests are already roughly the same size as their canola interests. That is pretty incredible when you consider that they quietly launched the mortgage streams only this year and they were barely even advertising it yet.

If, as I expect, we see a significant ramp up in mortgage deployment in the coming quarters, we will be back to trading near book level or above very fast. And the financials will look very different to today in just a few quarters from now, with a much less volatile income statement. Of course this is still a "show me" story and management has to execute. But I don't think this stock is going to continue to be a sleeper for much longer.