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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Area51 who wrote (18317)	12/31/2003 3:17:56 AM
From: Dale Baker	Respond to of 78526

SCRA dropped to single digits due to the debt load they carried before and doubts they could refinance it all. Since then, they have fixed the balance sheet and generated strong cash flow. The market now prices them on assets and cash flow rather than BK potential. A good friend of mine turned me on to SCRA in the 6's. He is the same guy who was buying NFI in the 4's pre-split a few years ago. The only thing better than finding great value stocks yourself is having someone drop them on your doorstep for free. ;<)

To: Area51 who wrote (18317)	12/31/2003 9:24:03 AM
From: Sergio H	Respond to of 78526

Area 51, A discussion on SCR.A between Dale and Paul a while back was my introduction to this thread. Adding to Dale's response re SCR.a, debt was the major drawback to this stock's price but the co. is now cash flow positive. The second question you had was about the hotel valuation. SCR.a is now using market valuation on OEH in its balance sheet. I do not know why there is no analyst coverage on SCR.a but OEH's analysts are forecasting almost 30% growth for the coming year.