Fri, Feb 27, 2015, 7:10 AM EST - U.S. Markets open in 2 hrs 20 mins


% | $
Quotes you view appear here for quick access.

Collectors Universe Inc. Message Board

  • dbtunr dbtunr Apr 22, 2014 4:53 PM Flag

    CLCT to go into Russell Indexes?

    missed out last year as market cap was too low. The min market cap last year was $130M. CLCT now $200M. June 13 is the preliminary day of new entries. Getting kicked out last year saw 600K+ shares sold. 600K+ shares for being added back in plus 655K shorts can push this over $30.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Are there funds buying in now in anticipation of their entry into the indexes? If the min requirement last year was $130M and the market is up 30%, then anything over $170M will gain them entry. That means any stock price over $20.

      • 2 Replies to dbtunr
      • to be precise, Russell 200 is up a little less than 18% from end of May to now. With a $130M valuation needed last year, this years entry will need less than $160M. That puts CLCT at just under $19 to gain entry.

      • googling "Russell rebalance frontrunning" brought me to a plethora of articles on companies that basically start playing these companies on the boundaries of being added in. This is a huge industry in itself. This coupled with 655K shorts can really move this up. A good earnings report next month could literally be like pouring gasoline on a fire. May 30 is the day used to rebalance.

23.18+0.31(+1.36%)Feb 26 4:00 PMEST

Trending Tickers

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.