RE:RE:RE:RE:RE:RE:RE:Score's Future Growth Opportunities.... Haha i leave my post for a few hours to discover that ive caused such consternation!!!!! I merely raise points to stir discussion.
For the record, I am on the record many times as believing that Levy is doing right by the company. I do not change that assessment. And that on the record commentary goes back a looong ways and more recently in the great battles with Freedom45 back at like 40 cents. I started buying in 2015 and I'm like you MR in that i like to know every scrap of information about a company that i recommend to others. So i take offence at the if "i know anything" about this company sort of stuff. Ill give you this, if you are a current employee of Score ill concede you know more about them. Go ahead and disclose and ill forever defer.
Also, i never menitoned India or whatever, and any i hope any such deflection was just an innocent mistake. I specifically mentioned low cost North American jurisdictions for a reason (speculation expanded upon more below), and because i do agree that there is a culture associated with the endeavour and would suggest it is entirely North America centric. Arguably, though, should the betting part of the company grow as we all hope it does and Canada fail to legalize (which is still not offficially on the books) then the company starts to skew much more heavily to a US centric one, but I digress.
Ive also watched postings and have long known about the NY office. The NY office is indeed efficient and small and I agree most certainly completely necessary. What i dont know, ill admit, is the amount of remote postings. Do you have a number? And, more importantly, do you have their salaries? A number of people I know work remotely and it doesnt mean that they get paid lower that the local market rate. So if they are all remote but based in Toronto they are likely still paid a higher salary than in most NA jusrisdisctions. Typically, people agree to work remotely for lifestyle and to save money and time on commute but that doesnt mean they get paid less than market rate.
Anyhow, so, once again, I like Levy. I like what I know about Benji. I think they have done and are doing a great job. I dont advocate a need to uproot while they are focused on growing this baby. That would most certainly be unwise. The plan is in place. Let's make money.
So leaving aside our shared religious fervour for this company and its management, I only raise ideas to those willing to ruminate on different angles of potential future developments and invite you to consider this one: our company paid 29.5 million dollars in personnel and facilities out of revenue of 31.5 million last year.
Perhaps that shouldnt matter and the future in T.O. Is bright and eternal, but (and this angle should interest all of you who want and have commented on SCR being an acquisition target) if I was a large company interested in acquiring SCR, you better believe that one angle I'd be delighted with is how i could keep that 31.5 million (or lets hope 100 million by that point or whatever) while reducing that 29.5 million (or perhaps by that point, 50 million) If I happen to be located in, for example, the southern US i am pretty convinced i can cut that 29.5 greatly while not losing a dime in revenue and it might involve my lower jurisdiction facilities and staffing costs. And i found that to be an interesting and even a promising idea.