GREY:SRSCQ - Post by User
Comment by
bushhog1on Apr 06, 2005 8:28pm
103 Views
Post# 8871604
RE: SCC downgraded !
RE: SCC downgraded !My congrats too, Techguru,
However I am stunned.
SCC up nearly 50 %
Why ?
Revenue and earnings been flat for the past few years - strategies not working going foreward - restatement of earnings report yet to come - resulting in eps dropping by $0.10 - pushing P/E over 19.
Sector in doldrum - more competitors coming aboard - downgraded - fined $487,000 - etc - etc.
This premium that is built in the price is even higher than if there was a real take over.
This is manipulation at its best.