Your countdown reminds me of India's first satellite lauch attempt. After several postponements, R K Laxman had a cartoon: the man said: Sir, we found the problem, we were counting up, 1,2,3,4 etc. and never reaching zero....
CLCT is a assured 10% dividend. When you don't need the divy then sell & most likely, you will have a capital gain.
Sentiment: Strong Buy
I just had to register to say that the whole idea of Collector's Universe going bankrupt is ridiculous. That would make Collector's Universe the first debt-free company in modern history to go bankrupt. Seriously, if you have an example of such a thing, I'd like to see it.
It's like Dave Ramsey says, "100% of houses that get foreclosed on had a mortgage." If you have no mortgage, you won't get foreclosed on.
Now, you might point out a retailer like Circuit City, which didn't use much leverage, but I would argue that they had long-term lease commitments which were the same basic thing as debt, even though they're not called debt under GAAP. But Collector's Universe only has a bit over a million a year in leases.
So a bankruptcy can't happen unless the company does something crazy like borrow a bunch of money. The worst that can realistically happen is a dividend cut or even elimination. But this is definitely not a stock that will go to zero.
Bankruptcy is Short talk. Shorts still post here as if there are still Longs around to flush out of the stock like in the old days. Nowadays, all they can hope for is a stray Investor who happens along.
Since you just registered, I guess you don't know. These boards are full of Short Sellers and Traders. Longterm Investors who care about fundamentals are just about extinct. Most got washed out in 2008/9 and never came back.
Stocks are no longer driven by fundamentals or Investors. It's all about Shorts, Day Traders, Scalpers, etc., manipulation. Stock prices bounce around -- up or down -- depending on how they are moved by the manipulators who are driven to manipulate the stock based on headlines, touts, etc. With CLCT the excuse is the dividend.
Stock prices mean nothing. They aren't any indication of value -- just an indication of how much the stock is manipulated.
If CLCT was being bought by Long term Investors it would trade around $10 with an upward bias to $12. However Shorts can take it to $7/8, and when they get squeezed to $13/14.
I used to be an Investor way back, but all I do is scalp Shorts now.
Have you looked at the balance sheet? Bankruptcy is not eminent unless the company wants to do it.
There is sufficient capital to operate for many months. It could be many years if the dividend were reduced.