Savvy Trades and Investments

[nelson1234]

SCX I thought it was a pretty good report, especially for a stock with a $11.20 book value.

They say they may sell the property in S.C. that they moved out of, with a possible leaseback provision, and take a gain on the property. With their rock solid balance sheet, maybe they are looking to restart a divvy?

"The Company is also considering selling the facility with a lease back provision to accommodate remaining operations. While there are no definitive plans set yet, the Company still anticipates that the sale could happen within the current fiscal year.... As of March 31, 2019, the carrying value of the building is $2.2 million, and based on comparable sales data sourced from the Company’s real estate agent, the Company believes that the current fair value of the building exceeds its carrying value."

The negative is it sounds like backlog dropped a bit, but still historically high.