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Collectors Universe Inc. Message Board

  • leviticus1935 leviticus1935 May 26, 2014 10:54 AM Flag

    Insider Sales

    dbtunr, curious about your thinking regarding the recent series of insider sales. Perhaps this is only possible during a limited window of time after the earnings announcement. But it is nonetheless troublesome for remaining shareholders. Van Simmons is on record saying that physical coins are a better value than CLCT shares, so this may simply be further asset reallocation. What do you think?

    Also how do you get the figure of 700K shares that would need to be purchased if CLCT is included in the Russell 2000 Index?

    Thank you for your great commentary on this stock.

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    • There are coins for sale now that are "once in a lifetime" type coins. The "Newman Collection" is a huge collection that was bought over the last 70 years and has been put up for sale in pieces every few months. These guys live and breath coins. Maybe they have had their eye on coins of this type for years and years. In addition, Hall is older and has a great deal of his wealth in the company. The insider window opens up every qtr 2 days after they report until the end of the current qtr.

      re 700K+ shares. I get that number looking at the volume last year on June 30 when CLCT was taken out of the Russell and two years ago when it was added in.

 
CLCT
22.69Apr 27 4:00 PMEDT