Great Earnings. P/E at share price of 25 would be ~27.5. China still not contributing substantially on profit side. 1st analyst asked a question about RAISING dividend. 2nd seemed more knowledgeable and had a decent question about US mint sets and their impact since the baseball coins were apparently a major win for Q4 and have been for Q1 2015 as well. The response is that the mint is always issuing collectible sets but that it is fair to say that the baseball one was particularly sought after.
These promotional moves are not needed. As Mr. Buffett says: "In the short run the market is a voting machine. In the long run it's a weighting machine." Eventually the market will be forced to acknowledge CLCT's value. Especially as its results get better and better every quarter.
Sentiment: Strong Buy
the Mint is selling the new Kennedy coins at the Chicago show and at Mint sites across the US. Huge lines with thousands of people are reported at all the sites. The ones at the Chicago site are going to be graded with a special label by both PCGS and NGC.
No summer slowdown folks. In fact, the 30 day coin cert rate is 184K+. We are trending between 25%-33% above last year at this time depending on the day. The Sep quarter always sees some cash burn. If the trend continues, will be cash flow positive this quarter
bought back the short term shares I sold just under $21
yield is near 7%
Next dividend to be declared in 3 weeks and will go ex-div one month from today
low interest rates and surging metals prices are good for the company
Collectors Universe to be Added to Russell 2000 Index
GlobeNewswire Collectors Universe, Inc.
3 minutes ago
NEWPORT BEACH, Calif., June 26, 2014 (GLOBE NEWSWIRE) -- Collectors Universe, Inc. (CLCT), a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, today announced that, according to the preliminary list of additions published by Russell Investments, the Company will be added to the Russell 2000(R) Index, when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 27, 2014. Collectors Universe will also be added to the Russell 3000(R) and Russell Global indexes.
CLCT continues to do okay and remains a solid dividend stock. The addition to the Russell 2000 should bring in more and more institutional shares. If the insider selling stops, then the 10% haircuts should also stop and some of the short players will begin to cover; unless there's something else looming that we don't know about.
sometimes stocks don't follow the "rule book". Some stocks are illiquid, under followed, unloved, and misunderstood. It is those stocks that an astute investor can make life changing money on. Eventually, fundamentals overcome inefficiencies.
This stock is a perfect example.
CLCT is so transparent they TELL you every day how much business they did. Anyone can see if a slowdown is taking place. All they show now is RECORD volume of business.
Investopedia explains 'Inefficient Market'
The inefficient market hypothesis and its proponents contend that market forces sometimes drive asset prices above or below their true value. They find support for their argument from instances of market crashes or upward spikes, whose existence and magnitude are seemingly incompatible with an efficient market point of view.
Thus, in an inefficient market, some securities will be overpriced and others will be underpriced, which means some investors can make excess returns while others can lose more than warranted by their level of risk exposure. If the market were entirely efficient, these opportunities and threats would not exist for any reasonable length of time, since market prices would quickly move to match a security's true value as it changed. While financial markets appear reasonably efficient, events such as market-wide crashes and the dotcom bubble of the late '90s seem to reveal some sort of inefficiency within the markets.
Why did insiders sell 30K shares in September? They happy to get $20.15-$20.45 for their shares. How come this stock has tanked to $3 and $10 in the past. What drastically goes wrong and how can you be aware of it, before it happens to you?
Be careful of what dbtunr whispers.
you may want to proof read before posting in the future. Punctuation issues especially. Just a friendly "heads up" to make your posts easier to read. They won't sound so rambling if you heed this advice.
do not downvote either. That just gives them feedback that someone read their post.
do yourself a favor and just ignore as their input is nothing but ad hominem attacks and useless info
new daily record
a new daily record. I use the Sunday-Monday statistics change to gauge the activity in China as US ops are closed on Sunday. New record hit last night with just 1271. If kept at that pace, it would account for about 16% of total world coin grading volume for the quarter. Has been running at 5%-6%
of the 364,000 shares sold in the last YEAR by insiders:
106,000 sold by Ken Duncan. Duncan is a private investor who held more than 10% of the companies stock. He bought in the $3's years ago. He has nothing to do with the company other than he's a rich guy who bought a lot of their stock. As a 10% holder, he is considered an insider
17,000 shares sold by the ex-CEO who quit years ago. He has no affiliation other than having run the company a number of years ago
44,000 shares sold by insiders and directors from options that would have expired worthless if they did not exercise the options. Options get a 10 year life and need to be exercised before that time or they get cancelled.
The remaining 55% of the 364,000 shares sold (197,000 shares) were indeed insider sales.
couldn't the same be said for the entire stock market? Hard to add to anything here. I'll collect the 6.5% and be happy with that
FYI - insiders can't sell now until 3 days after they report their yearly numbers, which is typically last week of August or first week of September. So this trading window for the quarter is 4-5 weeks.