18 Apr 2005
Newsflash: SCOXE still worthless.
Well SCOXE's 10-K finally came out with few surprises for anyone; as did the delinquint 10-Q for the quarter ending 31 January 2005. Once again, using my understanding of the method described in the Streetsmart Guide to Valuing a Stock by Gray, Custasis and Woolridge, I tried to come up with a value for SCOXE stock. It will come as no shock that the company having never shown a profit and showing no sign of ever intending to show a profit still does not have a positive value. I do believe that they have slowed their bleeding quite a bit and I now think that they may be able to make it into calendar year 2006.
[More to come]
You can find the OpenOffice.org spreadsheet with my calculations here. If you don't have OpenOffice.org, you can get it for free here.
| References |
| http://www.valuepro.net/ with whom I am in no way affiliated. |
| 10-K for Fiscal Year 2004 |
| 10-Q for the quarter ending January 31, 2005 |
| Yahoo! Finance SCOXE Key Statistics |
Disclaimer: I am a software developer and have no formal training in financial analysis. At the time of writing, I hold a short position in SCOXE stock and will profit if the price of SCOXE stock drops. Nothing on this page should be construed as investment advice. The information contained on this page is believed to be accurate but no guarantee is made. Do not taunt Happy Fun Ball.
Copyright 2005
Craig Pennington
This work is licensed under a Creative Commons License.