Fri, Aug 1, 2014, 4:08 AM EDT - U.S. Markets open in 5 hrs 22 mins

Recent

% | $
Click the to save as a favorite.

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.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "... 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
20.02+0.12(+0.60%)Jul 31 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.