SSC SEC Services Corp. (SECUF)

[DeepDive]

Yup. Several things come to mind looking at the recent press release:
a. They got deals done even in the slowest season of the year. I would imagine most farmers are busy as hell in this quarter.
b. Extention deals, either in leangth or add on land suggests the service is value added to clients. It also somewhat confirms the stickyness of the service. Repeat sales is a very powerful force and tends to add spring to a growing business.
c. The company used most of the funds incoming to reinvest in new contracts - a very powerful component in the compounding of revenues and profits.

Next up are the quarterly reports to confirm. In the next 2 quarters we will find out the actual rate of signing up of new contracts with the added sales force.

I am very optimistic and very happy to see the results.

Further down the line, the company might choose to sell at least some of the RapeSeeds later in the year to lock in higher rates, but I do believe for now, as fast as funds come in, they are better of being reinvested in new contracts, as far as the demand is there.

All in All - great job so far.

Adi.