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Re: YankeMike post# 29062

Friday, 05/04/2012 4:01:36 PM

Friday, May 04, 2012 4:01:36 PM

Post# of 83010
Yes, does anyone realize regarding SCEI, that as of 12/31/2011 SCEI had $37.1 million in prepaid coal available for conversion to CWSF. If they can generate even $35 million in revenues (while not having to pay/buy any more coal) for the first quarter of 2012, they could easily have an additional $30 million NET in cash. Adding this to the $42 million of already (audited cash) as 12/31/2011 means that their cash balance alone could be $72 million as of 03/31/2012.


Since there are about 24 million shares, this would translate to $3.00 per share alone just from cash. How is this not a great buy at this time?????

(the above taken from another board)

But it is amazing how undervalued SCEI is, and with earnings coming out in about 10 days, we shall see how undervalued it is or not.
smile


Rayank

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