ORIONS Money Stocks

[Sandera]

DD on STCN [NASD] @ 0.55 AMZN like eCom
Steel Connect, Inc. https://www.steelconnectinc.com/


Seriously Underval IMO
Market Cap 34.88M
Shs Outstand 61.82M
Sales 822.40M

https://steelconnectinc.com/ Corporate website

Steel Connect STCN has two wholly owned subsidiaries:
ModusLink Corporation https://www.moduslink.com/

and IWCO Direct. https://www.iwco.com/

DECEMBER 18, 2017 / 3:20 PM / 3 YEARS AGO
Acquisition Of Iwco Direct For $476 Mln In Cash
https://www.reuters.com/article/brief-moduslink-announces-acquisition-of/brief-moduslink-announces-acquisition-of-iwco-direct-for-476-mln-in-cash-idUSASB0BY9S

https://finance.yahoo.com/news/steel-connect-reports-third-quarter-202100502.html

STCN Nine-Month Financial Summary

Net revenue for the first nine months of the fiscal year increased $2.6 million to $618.0 million, compared to $615.4 million for the same period in the prior year.
Gross margin increased 160 basis points to 19.9% for the first nine months of the fiscal year, compared to 18.3% for the same period in the prior year.
Operating income for the first nine months of the fiscal year increased $15.2 million to $23.0 million, compared to $7.8 million for the same period in the prior year.
Net loss for the first nine months of the fiscal year decreased $23.8 million to $4.9 million, compared to a net loss of $28.7 million for the same period in the prior year.
Adjusted EBITDA for the first nine months of the fiscal year increased $11.4 million to $62.1 million, compared to $50.7 million for the same period in the prior year.

STCN

HUGE history:: https://en.wikipedia.org/wiki/Steel_Connect

Steel Connect, Inc. is a company that provides supply chain management services to software companies. During the dot-com bubble, the company, which was then known as CMGI, had a market capitalization of $41 billion and owned the naming rights to the home stadium of the New England Patriots.

Between 1995 and 1999, its stock was the best performing stock in the United States, returning 4,921%.

The company was formerly known as College Marketing Group, CMG Information Systems, CMGI Inc.,

In September 2008, the company changed its name to ModusLink Global Solutions, Inc.[15]

In December 2017, the company acquired IWCO Direct for $476 million in cash.[16]

In February 2018, the company changed its name to Steel Connect, Inc.[17]







ModusLink® builds supply chain and eCommerce infrastructure that fulfills profit potential and propels superior speed to market for small, midsize, and enterprise-level companies all over the world.
Global footprint spans North America, Europe, and the Asia Pacific region

Steel Connect, Inc., through its subsidiaries, provides supply chain and direct marketing services to the consumer electronics, communications, computing, medical devices, software, storage, retail, and other industries. The company offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services. It also provides fulfillment services, including order management, pick, pack and ship, retail compliance, and demand planning services; and content protection and activation, and IP security services, as well as optimizes component and finished goods inventory levels. In addition, it offers operates a cloud-based e-commerce platform, an online buying experience so that products can be purchased, serviced, and delivered worldwide; and provides reverse logistics services that simplifies the returns process for retailers and manufacturers to improve service parts management and the value of returned assets. Further, the company offers direct marketing services comprising end-to-end services for paper-based direct marketing and omnichannel marketing campaign services. The company was formerly known as ModusLink Global Solutions, Inc. and changed its name to Steel Connect, Inc. in February 2018. Steel Connect, Inc.


WHO WE ARE
STEEL CONNECT
Steel Connect, Inc. is a publicly-traded diversified holding company (Nasdaq Global Select Market symbol STCN) with two wholly-owned subsidiaries ModusLink Corporation and IWCO Direct that have market-leading positions in supply chain management and direct marketing.

https://steelconnectinc.com/ Corporate website

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