SCYF started to make a nice rebound this morning, as it climbed to .03 (a 27% increase)! The price was driven down unmercifully by profit taking and is now positioned for a nice rebound.
I will now cite several reasons why I expect a rebound:
* Company Anticipates Generating $15 Million In Revenue Over The Next 12 Months From Consulting Group With Over 70 Combined Years Of Experience!
* Recent Reports Value The Entire Electronic Security Industry At A Staggering $100 Billion Annually (Analyst J.P. Freeman).
SCYF currently has a contract with Auburn University
SCYF’s projections for 2007 are on target
The stock is currently under book value, therefore undervalued
Acquisition of Eagle Broadband, Inc.’s SatMAX business unit
I will now mention that this is no longer a neutral stock pick, with the stock being under book value and the acquisition of SatMAX investors need to act now! This is a real buying opportunity with the stock under book value and the potential from the College market and the addition of SatMAX investors might not see this stock as low as it is now.
SCYF looks great, you will be updated as events unfold….
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