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The L.S. Starrett Company (SCX)

NYSE - Nasdaq Real Time Price. Currency in USD
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7.44+0.08 (+1.09%)
At close: 03:47PM EDT
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  • J
    Joe
    Great quarter! Especially considering all of the headwinds.
  • Y
    Yahoo Finance Insights
    SCX is up 12.14% to 7.28
  • J
    Joe
    Wow...I never thought that we would see this at these prices again. So jokingly undervalued.
  • l
    lunski
    I am sick of all the spam on yahoo! I actually try to stay off of the SCX message board now and exclusively use (http://Themaxgains.tech)
  • J
    Joe
    I don't know. I'm honestly surprised that this dropped back to these levels and has hovered at this price range for as long as it has.
  • H
    Harry
    Nice to see this cheap stock finally moving up. Did we get a mention somewhere?
  • 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
  • H
    Harry
    Steel prices continue to plunge. Dropped below $1000 yesterday. From a peak in the $1900's several months ago. This is GREAT news for SCX as steel is their #1 raw material cost. Sure wouldn't know it looking at the stock price. Down the $6's today. Ugh.
  • H
    Harry
    I thought a pretty good SCX report considering the weak stock action of late. Sure wouldn't know it looking at the stock down another 8% today. Wow what the heck were people expecting?? I was bracing for quarterly results much lower than they reported today. Plus they had a tough comp due to the large 1-time gain in the year ago quarter. No surprise margins got pinched, as that's gonna happen to almost every company across the board right now. Hopefully we're close to a peak in terms of supply chain issues & inflation.

    I bought more shares today. SCX earned .34/share in fiscal Q2 with all those headwinds. Plus there's quite a few positives. In the 10Q, they said backlog at quarter end was up 36% vs prior year. Great news. Steel prices (SCX's #1 raw material) have cratered lately. From the $1900's in September down to the $1100's currently. That should help margins at some point. Also nice to see them put out another earnings PR.

    At what point does SCX get acquired? They took out a lot of expenses during the pandemic. They're lean & mean. And they've got a highly respected name in the tool industry. Why wouldn't someone want to scoop them up. Add a sizable amount of revenues and profits, book value over $10/share, and the Starrett name. Plus you're getting all that for an incredibly cheap stock price. Someone could pay $12-$15 and they'd still be getting one heck of a bargain imo
  • 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
    Bullish
  • l
    larry
    I agree..earnings should be out very soon. hoping for a strong quarter so long as input costs have stayed under control.
  • 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
  • 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.
  • 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
    Anyone have any thoughts on the decline ... i must say i'm totally baffled. Someone must think the turnaround is not for real ?
  • 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
  • J
    Joe
    I'm kind of surprised that this hasn't climbed back up to the 11-12 range. This might take another solid quarter or two to climb. I'm wondering if lingering supply chain issues are weighing on this.
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