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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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.