The long term holders of this stock (like me) would see $1.50 as an easy valuation for the dominant marketing/communications company with a not capital intensive business model as cheap.......that's 14X earnings at a weak point.......
Course, managements amazingly inept capital management saw these imbiciles raise capital at 48 cents a share!! a few years ago...anyway, I digress.....for those who scooped up that honey, long live the party
It was a reasonable, rather average result for this company with its pedigree.....still, at least its organic and at least debt is managed....
Talk of capital management is the real joke, but a happy one..........hmmmm, raised 7 for 8 share issue at 48 cents..................buy stocks back at round 1.20 or more.....you won't see that in a finance textbook....or mercifully it could be a raised dividend...
Either way, I'm relatively pleased....management is sensible now and the stock will sail over 1.50 in the near term
SGN Price at posting:
$1.20 Sentiment: None Disclosure: Held
