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The L.S. Starrett Company (SCX)

NYSE - NYSE Delayed Price. Currency in USD
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9.40-0.58 (-5.81%)
At close: 04:00PM EST
9.40 -0.03 (-0.32%)
After hours: 04:00PM EST
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  • l
    larry
    Anyone have any thoughts on the decline ... i must say i'm totally baffled. Someone must think the turnaround is not for real ?
  • J
    Joe
    I'm kind of surprised that this dropped back to these levels. I'd be about half inclined to add a bit more if I wasn't already heavy in this.
  • J
    Joe
    Precautionary measures taken to mitigate issues caused by global supply chain issues appear to have significantly impacted earnings, but still a good quarter . It was nice to see that sales have fully recovered to pre pandemic levels.
  • l
    larry
    I agree..earnings should be out very soon. hoping for a strong quarter so long as input costs have stayed under control.
  • J
    Joe
    Another solid quarter or two of earnings should, in my mind, send this substantially higher. The daily trade volume has increased substantially without tanking the share price, which to me means that a few more investors have started to notice this. In my mind, weak communication to potential investors is still likely holding this back. To me it seems seriously undervalued.
  • J
    Joe
    I'm kind of surprised that this is hovering around the $10 mark. I was thinking that it would hold around $12 before climbing again after earnings.
  • J
    Jane
    At the point when I saw declarations everywhere I thought they were bots or that they were made up till I was persuaded and gave it a try and genuinely I don't regret the move I made on the grounds that I invested my reserve funds, and now my first speculation with him acquired me benefits of more than $87,000 and its still running! Steve continues to convey and procure predictable benefits for me. He's awesome
  • l
    larry
    there is no doubt that management stays way too quiet when it comes to press releases and associated promotion of the company. the company will never sell at a market multiple due to the duo class of shares. however at the end of the day stock's sell at a price based on earnings and this puppy is just beginning to benefit from the significant restructuring which is almost complete. a good economy will benefit scx. be patient...this stock is going higher
  • F
    Felicity
    This is a very Bullish Chart, traders! πŸ’°πŸ’΅πŸ“ˆ

    https://stockreport.tips/Bullish-Charts
  • J
    Joe
    @larry I was looking at SBD the other day. It looks to trade at around a 20:1 P/E ratio. If SCX can maintain quarterly EPS figures of even 75 percent of the figures that have been shown in the filings of the last 2 quarters, and manage to trade in the future at a more modest 14:1 P/E ratio, where does this scenario take the price target to? Just my random thoughts and opinions.
  • l
    larry
    I've added more over the last month..I'm expecting a solid quarter (25 cent range, ) and a good outlook..hope I'm right as I have a lot of shares
  • l
    larry
    this quarter was outstanding...they could be on track to earn 1.50 per share on an operating basis over the next 12 months. I loaded up big time at 3.60..going to ride this for the next few quarters..we can see 15.00 over the next 6 to 12 mo ths
  • G
    Green
    Stock up today on a Seeking Alpha article.
  • J
    Joe
    This is what I was thinking when I took my position. This company could, in my mind, easily fetch a conservative $20 to $25 a share based off of current fundamentals. Revenue and earnings growth from here, plus a higher P/E multiple than I am anticipating could conceivably push that number considerably higher. I wonder how long it takes before an increase in investor interest pushes this into the $20+ range.
  • W
    William
    Board of directors eliminate the dividend. At the cost of 1/3 of stock price. Not a smart move.
  • l
    larry
    Joe I took a significant position in this company over the last 6 months I believe the worst is behind them and as the world reopens the industrial stock should do very well With a book value of 650 to $7 a share I believe we are protected on the downside. Earnings will be out in a few days and with any luck I am hoping for 15 to 20 cents per share for the quarter. I think this stock doubles over the next 6 to 9 months Time will tell
  • H
    Harry
    Anyone still here? Recent action is puzzling. Blockbuster earnings the past 2 quarters...yet the stock keeps sliding lower & lower. With those earnings and such a strong balance sheet, SCX would be cheap at $10
  • H
    Harry
    Any particular reason for today's sharp selloff? Or just caught in the broader market meltdown this morning?
  • J
    Joe
    Another substantial jump. This is still very substantially undervalued IMO. The good thing in my mind is that now with solid TTM earnings , revenue, and P/E multiples on record, this should show up on a few more stock screens when retail investors do their searches. Strong yearly results and these recent large moves should, in my mind, draw more investor attention. How high that takes this in the near future is yet to be seen.
  • o
    ooort
    Present shareholders should accumulate more.