{"id":6782,"date":"2015-09-08T10:13:25","date_gmt":"2015-09-08T10:13:25","guid":{"rendered":"\/?p=6782"},"modified":"2015-09-08T10:39:23","modified_gmt":"2015-09-08T10:39:23","slug":"scotts-liquid-gold-inc-otcmktsslgd-shines-again","status":"publish","type":"post","link":"\/articles\/scotts-liquid-gold-inc-otcmktsslgd-shines-again\/","title":{"rendered":"Scott&#8217;s Liquid Gold Inc. (OTCMKTS:SLGD) Shines Again"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91256\/slgd.png\" border=\"0\" width=\"400\" height=\"178\" \/>Scott&#8217;s Liquid Gold Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SLGD\">SLGD<\/a>) is a penny stock company, but unlike most penny stock companies, it&#8217;s a real, working entity with a real office and real products. It has been around for decades, its wood cleaners and preservatives are on the market, and, at least to some extent, they are well recognized.<\/p>\n<p>The 10-Q for the second quarter of 2015 is pretty decent as well. Here&#8217;s a summary of the most important figures:<\/p>\n<ul>\n<li>cash: $8.6 million<\/li>\n<li>current assets: $12.5 million<\/li>\n<li>current liabilities: $2.2 million<\/li>\n<li>quarterly revenues: $7.3 million<\/li>\n<li>quarterly net income: $3.4 million <\/li>\n<\/ul>\n<p>Those of you who have been around penny stocks for long enough will see that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SLGD\">SLGD<\/a><\/strong> has one of the more solid balance sheets in OTC Land. Both the revenues and the profits are growing which is also a good sign.<\/p>\n<p>Yet, the stock performance doesn&#8217;t really suggest that everyone is convinced. Indeed, there are volume spikes such as the one from Friday when investors traded more than $200 thousand worth of shares and indeed, the stock is now sitting at $1.50 for the first time in years. Overall, however, the volumes are absolutely pitiful and despite the positive results, the market doesn&#8217;t seem impressed at all. Here are a few of the potential reasons for this.<\/p>\n<p>When they hear about Scott&#8217;s Liquid Gold Inc, most people immediately think about the household products that consist of wood cleaners and preservatives. In reality, however, more than three quarters of the company&#8217;s sales come from skin and hair care products. And most of those are the result of sales of Batiste Dry Shampoo which is actually manufactured by Church &amp; Dwight Co., Inc. (NYSE:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CHD\">CHD<\/a>), and not by <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SLGD\">SLGD<\/a><\/strong>. In other words, a massive portion of the company&#8217;s business is dependent on a single distribution deal.<\/p>\n<p>That&#8217;s not particularly encouraging and neither is the fact that the company&#8217;s management team isn&#8217;t particularly popular with some of the shareholders. In fact, there have been some pretty big rows between certain investors and Mark Goldstein, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SLGD\">SLGD<\/a><\/strong>&#8216;s CEO, over the years, and although that&#8217;s in the past now there are people who still think that Mr. Goldstein isn&#8217;t working in the shareholders&#8217; best interest.<\/p>\n<p>Others, however, reckon that the stock is so undervalued, that all the negative things don&#8217;t matter. One such person (who admits that he owns some stock in <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SLGD\">SLGD<\/a><\/strong>) wrote an article on a popular financial website and thanks to his bullish comments, the ticker experienced the volume spike that we talked about a few minutes ago. The author of the aforementioned article predicts that once the market notices the company&#8217;s potential, the stock will have no problem taking off.<\/p>\n<p>That, unfortunately, is where a potential hole in his argument might lie. <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SLGD\">SLGD<\/a><\/strong> is certainly no newcomer. The ticker has been around for donkey&#8217;s years, but despite this, it has been consistently failing at drawing investors&#8217; attention.<\/p>\n<p>Will it be able to attract some more steady volumes in the future? We should soon find out. It&#8217;ll probably need something more than a positive article on a financial website, though.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scott&#8217;s Liquid Gold Inc. (OTCMKTS:SLGD) is a penny stock company, but unlike most penny stock companies, it&#8217;s a real, working entity with a real office and real products. It has been around for decades,&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1839,1840],"class_list":["post-6782","post","type-post","status-publish","format-standard","hentry","category-news","tag-chd","tag-slgd"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=6782"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6782\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}