Post by
Smokey1958 on Dec 21, 2021 7:37am
Could the Tide be Turning
For the first time in weeks Morningstar's Fair Value sp for SCRN has hit $.05. More significantly, if not surprisingly, the 1-star speculative valuation has jumped to an incredible $.24. As mentioned before, Morningstar modified their algorithms a few months ago which appeared to generate far more conservative assessments. As such it would seem these latest valuations (as of yesterday) provide the first non-financials based reasons for renewed optimism.
Hopefully the end of tax-loss season (if not before) as expressed by Walkingdead will finally see an end to the blatant manipulation and both a strong finish and stronger beginning as the new year arrives.
GLTE!!!
Comment by
WalkingDead01 on Dec 21, 2021 9:44am
.24 and above +++ is very very possible in the short term due to the current context. The demands for services for Screenpro have certainly exploded. It would be interesting to hear from Lena on this. Finding out that Screenpro is at full capacity right now would be great news.
Comment by
Iamapothead on Dec 21, 2021 9:49am
Any positive news is welcome. I don't put too much faith in MorningStar's predictions but in this case we need something to be positive about. Hopefully the manipulation stops soon and perhaps we will get a good NR early in the new year.