Rev $14.5M, EPS 29c, cash increased $1.2M, strong outlook
margins were 64% vs 62% last year. I was hoping for 66%. I guess the new HK office was a slight drag but that office will pick up
outlook from the company is great:
Commentary and Outlook
Robert Deuster, Chief Executive Officer, stated, "We are very pleased with the performance of all of our coin and sports related businesses this past quarter. Considerable emphasis on enhancing our mix of services for our coin customers is now paying off in increased grading revenue, especially at shows and international grading events. The sports and autographs business continues to show double digit year-over-year growth. All of this allows our operational efficiency programs to drive improved bottom-line results.
While this past quarter is normally our strongest of the year, coinciding with the new 2013 coin issues, we are encouraged by the current stronger coin market conditions overall, and with the increased production of gold and silver modern coins from the US and other mints around the world; we are optimistic about our prospects throughout calendar 2013."
the numbers are very good and there is a very good outlook. the short interest is huge with over 750K shares. They won't go quietly. They will short tomorrow and look to exit slowly in the future. It all depends if someone big wants to buy tomorrow. I don't know about tomorrow, but it will be higher in 30 days. Almost 12% revenue growth which is not bad. $15 within 3 months