SMCE lets you take command of the profit train, but the chance to do so is here. Right now.
What are you waiting for? Trade alerts like this don’t come often.
The entertainment industry has taken a battering over the last few years, but things have settled down again.
Record companies are once again rolling in the dough and I for one believe that there are still some under-tapped gems out there in the wild waiting for opportunistic profit-seekers to take advantage.
So, my opportunistic profit-seeking reader I want you to take advantage of my newest alert.
SMC Entertainment Inc. (OTCPINK: SMCE)
SMCE is my newest trade idea and I believe that it I believe that the current setup can yield potentially strong gain potential over the near term.
The company actually has a very strong news profile, much of which is based on solid debt reduction program.
Since around June SMCE has been announcing the retirement of several chunks of debt. First there was a $170K retirement followed by a retirement of debt totalling $290K.
Then eight days ago the company announced the retirement of $320K worth of debt. The nimbler setup has prompted renewed interest in the entertainment company and I believe that traders can make something of its near term upside.
SMCE has traded as high as 11 cents in the last 12 months and is currently trading at 0.024 at the time of writing. This is a substantial pullback for sure and in it comes a very strong opportunity.
RSI is 44 which create an opportunity for a strong bounce play. SMCE is also trading below its 50 DMA (currently 0.032) and this creates a near term upside opportunity of up to 33%.
SMCE is definitely worth a look-in so start your research ASAP.
Check out the chart…
Here’s a link to the chart: http://stockcharts.com/h-sc/ui?s=SMCE
SMCE SMC Entertainment Inc., a record label, operates as a recorded music company. It focuses on releasing content by its artists in the United States, Europe, Asia, and the rest of the world. The company serves a variety of music connoisseurs from hip-hop/rap to Pop to Gospel.
SMCE was founded in 2005 and is based in San Francisco, California.
Digital Music Revenues To Hit $3.4B In 2019
According to the US entertainment and media outlook published by PWC, the music industry will continue to shift and evolve over the next five years.
While the music industry’s first stage of digital transition saw downloads overtake physical formats in terms of retail sales and revenue, the current stage has consumers moving away from ownership towards access.
Subscription music services will soon be the primary form of paid content in revenue terms. Music also continues to benefit from an industry-wide shift in consumer spending towards experiences. Live music will continue its strong growth trajectory as fans increasingly show that they value (and will pay a premium for) real-life, physical entertainment.
Live music is expected to grow at a 4.4-percent compound annual growth rate. Live music sponsorships are expected to grow at a 2.8-percent CAGR, to $2.34B in 2019. The company forecasts a negative 4.5-percent CAGR for recorded music — not including synchronization revenue — over the next five years. Physical music sales will continue to plummet at 9.1 percent each year.
Digital music will shape the record business. PwC believes digital revenues will have a negative 2-percent CAGR and total $3.4B in 2019. Downloads are forecast to have a negative 10.3-percent CAGR and annual rates of decline ranging between 11.5 and 9.1 percent. Streaming revenues will have a positive 11.2-percent CAGR. Their annual growth rates start at 20.3 percent this year and steadily fall to 4 percent in 2019.
SMC Entertainment, Inc. (SMCE) Announces Retirement of $320K of Debt
SMCE announced that it has executed its final 2 Exchange and Settlement Agreements and retired an additional $320K in debt, inclusive of principal and accrued unpaid interest.
The Company retired the debt in full satisfaction for 320K shares of Series A Preferred Stock (the “Preferred Stock”). The Preferred Stock allows for the holder to convert the preferred shares into common shares at any time after a one year holding period, subject to a maximum conversion of 20% of the Preferred Stock in any 30 day period.
“We have just executed our final two Agreements with noteholders, retiring an additional $320K in debt. The total of all debt retired and exchanged has exceeded $1M, over twice the amount of our initial estimates!” stated Whitcomb. “I am extremely proud to report that we have reduced our debt by more than 50% in the last month, putting the Company in one of the best financial situations it has ever been in.”
“I feel better than ever about our current financial position as well as our ability to ramp up our operations” said Whitcomb, “this is a very exciting time for the Company, and I am looking forward to sharing the progress with our shareholders and investing public.”
To learn more about SMCE please visit their website: http://www.smc-entertainment.com/
SMCE is poised so make your move at the earliest opportunity.
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