Keep a watch on DIGG....Looks like she wants to move....
And...You are leaving me hanging here bro! Is there a reason? Anythin happening? Website on July 4th?
Come on bubba! Give me a reason or two!
FM
SCRI will probably move today....
PENNY STOCK INVESTOR
STRATEGIC CAPITAL RESOURCES (OTC BB: SCRI) occupies a fascinating niche
purchasing model homes from the industry's top homebuilding companies (all
publicly traded with a minimum capitalization of $100 million) and leasing
them back to the builders at lease rates in excess of their cost of funds
until the homes are sold. Even better, when a model is sold for a price
higher than the Company paid, STRATEGIC CAPITAL RESOURCES participates in
the appreciation. The sheer quality of this business can be more fully
appreciated at the Company's Web site: strategic-cap.com
SCRI started in this business three years ago (when the stock price stood
at $7.38!) and has grown rapidly. Revenues were $965,000 for fiscal 1996,
$7,526,000 for fiscal 1997, $21,302,000 for fiscal 1998 and are already at
$20,165,000 for fiscal 1999 so far.
STRATEGIC CAPITAL RESOURCES is now starting to move strongly into profit.
Last month, the Company reported third quarter net income of $224,000 or
$.01 per share (diluted) verses a loss of $152,000 or $(.01) per share
(diluted) for the same quarter in fiscal 1998. For the nine months ended
March 31, 1999, the Company reported earnings increased to $547,000 or
$.03 per share (diluted) verses a loss of $429,000 or $(.03) per share
(diluted) for the same nine months of the previous fiscal year.
Yet, at the current stock price of 40 cents, SCRI is capitalized at just
$6.4 million. Yahoo!Finance shows book value well in excess of the stock
price and on a P/E ratio of around 10, STRATEGIC CAPITAL RESOURCES is
trading at less than half the industry average.
This may not continue much longer for SCRI's operations continue to grow
at an accelerated rate and the Company is constantly exploring
opportunities to provide financial services to specific industries that
are under served by major financial institutions. The latest development
could be huge, for STRATEGIC CAPITAL RESOURCES recently announced that it
has developed a Model Home Sale & Leaseback program for PRIVATELY held
homebuilding companies.
Since 1995, SCRI has purchased 300 fully furnished model homes, complete
with options and upgrades, from large publicly traded homebuilders and
real estate developers. The Company's program has enabled participating
builders to enhance their performance ratios and realize early cash on
their most valuable assets, the model homes. At the same time, the
Company's program enables the builder to keep control of the model homes
for their principal purpose, as a sales tool for their developments.
STRATEGIC CAPITAL RESOURCES' new Model Home Sale & Leaseback program will
allow privately held homebuilding companies to realise many of the
benefits enjoyed by its publicly traded homebuilding clients. The
potential for SCRI is enormous.
IMPORTANT NOTICE: Verify all claims and do your own due diligence. This is
not a solicitation or recommendation to buy, sell or hold securities.
Penny Stock Investor is not liable for any investment decisions by its
readers or subscribers. It is strongly recommended that any purchase or
sale decision be discussed with a financial adviser or broker prior to
completing any such purchase or sale decision. Penny Stock Investor is not
a registered investment adviser, or a broker-dealer, or a member of any
financial regulatory bodies. The information contained herein is provided
as an information service only.
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