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To wrap up thoughts on the quarter, tariffs hit harder than I was hoping. The company had year over year sales growth but was down 20% quarter over quarter, with a 1.3M loss when we were hoping for a profit. I asked about tariffs on the conference call, there were a lot of orders customers placed pre-tariff that were finally sold now. Stran charged the customers pre-tariff prices and wasn't able to go back and recoup the tariff costs from all of their customers and had to eat over a million dollar loss. There was also a lot of buyer hesitation during April and May that is showing up in Q3 as reduced revenue. So to update this original post, I was hoping Stran would print a profitable Q3 and Q4 and then sail off into the sunset this year, and it looks like tariffs are real and that's not going to happen. NFA but if you're in this play for a 6 month 10x that's probably not on the table anymore, but for people that are in it for the long-haul this is still a good company, and they reaffirmed on the call they're still looking to acquire and continue buybacks. Polymarket is giving a 75% chance the Supreme Court overturns the tariffs so that would be very good for this company if that happens. Sorry about the timing on this play, SGC recently reported tariffs weren't affecting them at all, but looks like Stran was. Looking forward to a better Q4.
A little disappointing honestly. I was hoping for break-even and they had a 1.3M loss. Not huge but below expectations. Their competitor SGC also had a drop in Q3 due to tariff-related order pull forward, they probably had the same thing happen here. The call is tomorrow, we'll learn then. Margins dropped a bit too. So yeah disappointing but not entirely unexpected. $400k in buy backs so they feel confident in the company, and Q4 is always their best quarter. Looking forward to hearing more detail on the call tomorrow.
Ironically smith and Wesson. Also SGC. SLB is even better
Wtf is SGC and why is it up 16,000% year to date
Vintage baseball cards. Graded by PSA or SGC of big name players like Mantle and Ruth.
The Asgard are allies of earth. The SGC is probably just keeping tabs to make sure no one reports anything out of the ordinary
>So does my new coin, StableGeniusCoin (SGC)! Why is SGC 'worth' $0.00 while BTC is 'worth' $30,000? >As has been pointed out many times, BTC is pretty bad for transactions, given the delays and overheads of blockchain. >And another reason it sucks is because of its price instability. Once you get paid in BTC, you generally want to convert it ASAP into something normal, unless you're speculating in it, in which case it's not a medium for transactions, but a speculative vehicle, as I initially said. OK? So? Just because it has flaws doesn’t mean that people don’t find it to be valuable. If having flaws were a barrier to investment then there would only be one company on the stock market. There are plenty of shitty investments out there that some people believe are legit. There are plenty of legit investments out there that plenty of people believe are shitty. That’s the whole game >But let's be honest - people don't buy BTC for transactions, just like people didn't give their Beanie Babies to their drooly toddler. People buy BTC for speculation. You’re being disingenuous again. Case in point: I had a beanie baby collection when I was a kid. I didn’t offload them to anyone or preserve them in perfect condition. I just enjoyed them. Your opinions are not the sole arbiter of truth
> No, the argument for buying something like Bitcoin is that is provides a value that does not exist anywhere else: decentralized, nearly instant financial transactions. So does my new coin, StableGeniusCoin (SGC)! Why is SGC 'worth' $0.00 while BTC is 'worth' $30,000? As has been pointed out many times, BTC is pretty bad for transactions, given the delays and overheads of blockchain. And another reason it sucks is because of its price instability. Once you get paid in BTC, you generally want to convert it ASAP into something normal, unless you're speculating in it, in which case it's not a medium for transactions, but a speculative vehicle, as I initially said. But let's be honest - people don't buy BTC for transactions, just like people don't didn't give their Beanie Babies to their drooly toddler. People buy BTC for speculation. They cheer when it goes up, and cry when it goes down. The hope to unload it on a greater ~~fool~~ optimist for a tenfold profit. If you really care for is instant, stable transactions, you want a *stablecoin* with carefully audited backing of the underlying currency. Stablecoins tied to gold exist, but they don't attract excitement. Why is that? They would be much better for transactions than BTC. Getting paid in low-overhead microgold, redeemable for the real thing in Geneva, how cool is that? I think one reason they are not popular is that the same auditing that makes them safe (an auditor looking in the vault if the gold is really there) also makes it less amenable to dodgy, dubiously legal behavior, and more subject to taxation. But the main reason nobody loves them is there is no speculative big bux to be made. Gold is too boring.
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Buying vintage sports cards from the iconic sets in American football and baseball. Pre-1970, preferably SGC, BGS, or PSA graded.
Mr_Y I'd like to parlay my bet, if I may to the following. Betwixt this moment and 2/16 my $13 hood puts will gain me not less than 25% total [position of 30 contracts at an average of .98] so I should be selling these at $1.22. If I am wrong sir I will award 5 sneks immediately to your past posts. Or donate $ 100.00 USD to a legit charity of your choosing (except SGC) If However I am correct, I wager a 2:1 bet (2 sneks or $50 USD to St.Judes) Or I can eat my words today.
Oh I’m completely aware, the problem is they also create a lot of value for collectors even though there isn’t an industry standard. Personally. I think BCG,PSA, SGC are horrible to look at. I only would grade for resale. Never for personal ownership.
Completely agreed, it's such a ridiculous response from SGC... Heck, we were seeing buy candles of over 15K volume on the minute sticks and that barely moved the price. It has to work both ways but didn't. SGC and his cohorts are deleting posts of their play and never once showed they actually averaged down on the dip. They're scammers straight up and given all of their DD, I'm surprised they couldn't come up with a better cop out than one 15K sell order.
I only see insults from SGC and no attempt to refute points. Thats not a good look for anyone. Shame on you /u/MyNi_NotYourNi - at least have the decency to call out stonk’s poor behavior.
As I understand it, there was plenty of room to buy for cheap by MM's off the open market, so no upward pressure from them, but since I didn't take the bait I didn't study it too closely. What makes it snake oil is the repeated hard sell of a crappy SPAC in a place where SGC is not a regular, and the attacking of people who legitimately critiqued the play, as well as those tired of obvious pumps. He was not here to discuss a possible play, he was here to pump, and that implies a dump waiting to happen.
Oh wow, look at SGC having no arguments again and having to resolve to shitty name calling in hopes to get people to try to believe him! Maybe you should educate yourself?
Hey SGC, thanks for all your DD! Are shorted shares added to the effective float?
The cure for cancer could be within this post and it would get shit on in the comments since SGC was the one that put it together. Although I think this one does have a legit set up and will run this week, these DDs probably aren’t worth sharing here any longer.
This is v true...in SGC we trust. Made $4k from $200.
I am a bot from /r/wallstreetbets. You submitted one or more banned tickers: SGC. Message /u/zjz if they're above 1.5 billion-ish market cap and not related to crypto/pennies/OTC/SPACs.
I did a quick and dirty valuation on FIGS. If you take their most recent quarter of revenue (87m), project it forward for the upcoming year (348m) then double that (696m) then they're trading at about 8x sales. Or, 16x if you are less optimistic, and don't think they can double again this year and just run most recent revenue forward. SGC, a competitor in making medical uniforms, trades at 0.5x sales. Nike trades at 5x sales. On the other hand, their clothes look super comfortable and I just ordered some jogging pants from them. I'm not sure they're a $6B valued company though.
Yeah I’m an autist with a SGC
[Lloyds Banking Group PLC and ASOS PLC among 'best shares to play the UK recovery', says broker (proactiveinvestors.co.uk)](https://www.proactiveinvestors.co.uk/companies/news/941791/lloyds-banking-and-asos-among--best-shares-to-play-the-uk-recovery--says-broker-941791.html) SGC = Stagecoach group will +25% soon i suppose.
symbol SGC Stagecoach Group, uk coach company which was only hit by the corona-crisis, first up +7.43% today and bigger volume on the stock market: LSE