I'm also surprised SCX not up more after another excellent quarter, but happy to add in the $7's.
SCX climbed to $9+ a couple weeks after the last 10Q in February. Now they've followed up that .27/share quarter with a .30/share quarter so we know it wasn't a fluke. Tangible book value over $11, including about $1.85/share in cash.
SCX would be cheap at $10. A real bargain here in the $7's. Especially in this expensive market. Wish management would be more proactive about unlocking shareholder value as there's lots of things they could do...better IR, start doing earnings PRs, bring back the dividend, etc. I think SCX also has the potential to be acquired.
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