What's exploding higher are the absolutely perfect condition cards that are PSA 8 or better with the PSA 9's or extremely rare 10's really exploding. NM PSA 7's are moving up but not art the crazy jumps of the 8's or better. It's all about rarity and if a valuable card has only a handful of PSA 9's or 10's than that card can be as rare as a 200 year old coin. I think the card explosion and the great year for gold and silver should make CLCT a great buy. Adding now makes sense even though it's been rising
Not only are gold and silver soaring this year, but premium older baseball cards(pre-1975 and especially the pre-1970) have been soaring in value. PSA 7's or better in particular of the pre-1970 cards have been exploding higher the past 3 months. Although coins are the bigger part of the business I have a strong hunch that a big bump in cards sent in will reflect in the next earnings report. I suspect many dealers are probably sending in more and more cards for grading and many collectors as well. Some collectors will now consider sending in their duplicates to get graded instead of just selling ungraded. I would guess CLCT is a strong buy now and closes the year in the $25 range
I was thinking in investing in some food and/or beverage stocks and was looking at this one. Can people here tell me where these beverages are sold because I don't recognize any of these brands except for Shasta. I thought the idea of healthy beverages(if these really are healthier) is a good long term idea because more and more people seem to be thinking about their health including many younger people. Thanks
dbtunr: what's your guess as to when to buy CLCT? I guess part of the decision would be how you see the overall markets doing. I'm worried this could be more than just a 10% correction so maybe I should hold off on CLCT unless CLCT will begin to outperform the overall markets. So I guess I have 2 questions for dbtunr or anyone else. Is this a good time to by CLCT or will it go lower and do people here think that CLCT will begin to outperform the overall markets?
thanks for the info dbtunr. It sounds like the coin certs are the main problem. I'm not surprised cards are picking up because there's a market that's developed for newer cards from the past 10 years, which really surprises me. I'm your typical old time card collector who has zero interest in any cards after 1975, but there appears to be a new wave of collectors who like the newer cards, which bodes very well for the future of card collecting. I'll have to buy back soon; especially if the insider selling has slowed
I sold out a while back and was surprised how low CLCT has gotten. I was thinking of buying back and was curious what dbtunr and others think? Also, why has CLCT dropped so much? Is it the insider trading in combo with going with the market? It's down about 25% since I sold, so I'm guessing the dividend is a much higher yield.