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Collectors Universe Inc. Message Board

  • dbtunr dbtunr Feb 6, 2014 7:08 PM Flag

    I think there were 6-7 hedge fund guys on the call

    there is definitely more awareness about CLCT now. Would love to see CLCT get some coverage by a broker and a price target. Absent that, I see the stock between $18-$20 until the next earnings. Buy below $18

    When they come out with their next earnings and add back $1.5M or so in cash and have record revenue again then many of these guys will feel more secure. It could move to $22 then. So I see $22 by May

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    • Driehaus Capital Management is a privately-held investment management firm based in Chicago, Illinois, with $12.2 billion in assets under management as of December 31, 2013. Registered as an investment adviser with the U.S. Securities and Exchange Commission since 1983, the firm manages global, emerging markets, and U.S. growth equity, hedged equity, and alternative investment strategies. The firm has a diverse institutional client base comprised of corporate and public pensions, endowments, foundations, sub-advisory, family offices, wealth managers and financial advisors, globally. Driehaus is a performance-oriented investment management boutique that emphasizes integrity, transparency, and the alignment of the firm’s interests with its clients.

      Discovery Investment Research (DIR) is a boutique investment research firm, focused on small and micro-cap equities with market capitalizations generally between $100 - $700 mil. DIR's primary focus is to serve professional investors by providing them with high quality information regarding innovative, small-cap companies. Often times our search for innovative companies leads us to the technology sector. However, our goal is to find small-cap companies bringing disruptive products and/or services to the markets they serve.

    • Not sure whether hedge funds want to be long or short. It seems to me that CLCT's latest quarter places them at an interesting breakout point where the business and cash flow are growing beyond the dividend requirements. The business requires little capital, return on that capital is huge, there is limited stock available for repurchase, and making acquisitions would be unwise.

      What does CLCT do? Perhaps others can chime in, but I don't see any alternative to having CLCT repurchase enough shares to keep the share stable, and then pay out the rest of its free cash flow as a rising stream of dividends. A high class problem to be sure, and a recipe for a higher share price in this era where investors are desperately searching for yield.

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