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Collectors Universe Inc. Message Board

  • about_that_stock about_that_stock Apr 7, 2013 12:35 AM Flag

    Needs to get above 11.80

    for the chart to look strong... it's in a borderline area bouncing off support past few days.. holding up well considering the market but needs to get above 11.80 to continue onward & upward... maybe after a pull back to 10.98 but don't despair.

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    • "... maybe after a pull back to 10.98 but don't despair."

      I doubt a pull back, and I think the only despair will be little or no upside.

      I expect more CLCT treading water until the next earnings report. Since 1/2/13 the average close has been $11.33 just shy of where it trades and can be bought daily. CLCT common price movement looks like your average junk bond.

      I believe CLCT would trade higher if they cut the dividend and lost the junk bond like status. However, they'd have to cut it at least in half. A small cut wouldn't do it. And the initial reaction to substantial cut would be a short term plunge in the stock price -- unless coupled with some really positive development.

 
CLCT
22.66-0.30(-1.31%)1:38 PMEDT