The share price of 2nd Chance has been in severe declining phase since its last failed execution of spinning their properties into Reits. The last time I blogged about this was back in January this year when the share price declined fiercely to the news that it went down from $0.45 to as low as $0.38. If you are interested in the original article, you can view them here.

Since then, the company has reported declining earnings for quarter 1 & 2 that sent its share price plunged further down to as low as it has touched $0.30 today. I mentioned in the original article that price was still overvalued back then, but what about at current price? Do you consider giving a second chance to take a look at them?

Stripping out one off gain, last year trailing earnings are still at around $0.0244, which ...