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SSA.V - Spectra Inc.

Discussion in 'Canadian Stocks Message Boards' started by TheDude, Nov 2, 2017.

  1. TheDude

    TheDude Active Member

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    IPA.V hitting an all time high now (over ($2 a share) and SSA.V has a $75,000 debenture that is convertible to 88,000 shares at a cost of $0.85. So between the earnings from selling Spectra Products, plus the increase in value on their debenture investment, I would say the stock is quite undervalued.
     
  2. TheDude

    TheDude Active Member

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    Spectra earns $121,910 before taxes in Q3

    2020-10-15 07:55 MT - News Release


    Mr. Andrew Malion reports

    SPECTRA PRODUCTS INC. REPORTS 3RD QUARTER RESULTS

    Spectra Products Inc. has released its financial results for the nine months ended Sept. 30, 2020. Revenues for the nine-month period ending September 30, 2020 were $1,185,159 compared to $1,655,103 for the same period in 2019. Revenues for the third quarter ending September 30, 2020 were $343,882 compared to $491,286 for the same period in 2019.

    In the nine-month period ended September 30, 2020, a net profit before income taxes of $373,285 was earned compared to a net profit before income taxes of $435,777 for the nine-month period ended September 30, 2019. In the third quarter ended September 30, 2020, a net profit before income taxes of $121,910 was earned compared to a net profit before income taxes of $136,828 for the third quarter ended September 30, 2019.

    As a result of the COVID-19 virus, the slow-down in the various market segments reduced the Company's revenue levels in the third quarter of 2020, however the Company was still able to remain profitable. The Company has strong cash reserves and is well positioned to maintain operations, albeit at reduced levels of revenue and profitability, until market levels return to normal.

    Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeO, Brake InspectorO, Zafety Lug LockO, Hub AlertTM and the Anti-Seize Cotter PinTM as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.

    We seek Safe Harbor.
     
  3. TheDude

    TheDude Active Member

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    Year Revenue Profit/(-Loss) Assets Liabilities Asset/Debt Ratio
    2006 $807,000 -$485,000 $464,000 $2,505,000 0.19
    2007 $794,000 -$1,010,000 $678,000 $2,104,000 0.32
    2008 $844,000 -$758,000 $593,000 $2,630,000 0.23
    2009 $774,000 -$648,000 $353,000 $3,040,000 0.12
    2010 $1,160,000 -$340,000 $388,000 $3,400,000 0.11
    2011 $1,230,000 $177,000 $399,000 $2,146,000 0.19
    2012 $1,170,000 -$315,000 $274,000 $2,260,000 0.12
    2013 $1,280,000 -$74,000 $292,000 $2,280,000 0.13
    2014 $1,440,000 $45,000 $343,000 $2,207,000 0.16
    2015 $1,820,000 $189,000 $445,000 $1,840,000 0.24
    2016 $1,550,000 $152,000 $417,000 $1,490,000 0.28
    2017 $1,780,609 $222,810 $479,631 $1,325,665 0.36
    2018 $2,045,806 $495,372 $747,183 $1,097,845 0.68
    2019 $2,036,047 $872,875 $1,432,222 $370,683 3.86
    2020(Q1-Q3) $1,185,159 $274,365 $1,640,772 $304,868 5.38
     

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