It's hard to predict the future of any investment, but your point that the middle class is getting wiped out would mean that ALL forms of investing are doomed. To some extent maybe you're right, but people with money saved will always look to invest it, so all forms of investment will continue to be considered. What people choose to invest in is very hard to predict which is why diversification is the best advice. Part of diversifying is to putting some money outside of the stock market, which includes coins, cards, collectibles and other forms
Oddly 4 other Wal-Marts closed 2 days ago and also cited plumbing problems. Very odd the way they closed right away and gave the employees no time to prepare. Surprised more aren't discussing this here
So 2 people gave their opinion to avoid Etsy and maybe their right for the reasons they gave. But maybe not since it appears many former ebay buyers and sellers have left ebay for etsy. Many sellers have completely quit ebay all together and many others have greatly downsized their ebay listings and put them on etsy. With ebay reducing the number of free listings each month that have no listing fees from 100/month down to just 20/month; this seems to play into the hands of their competitors and only will drive away even more buyers and sellers. Many sellers are also big buyers and with less items getting listed because of Ebay's foolish decision to greatly drop the number of listings without listing fees; buyers will see many less items and will find more on etsy. I'm not saying to buy Etsy, at this point I'm not sure; but I'm pointing out the negative posts might be wrong and Etsy might work if buying after it drops 10% after initial shareholders cash in some shares
Have to know all the details in regard to how much more per coin they're getting by raising prices and if they have the same number of employees. I think in the long run it's a bad move to be raising prices because dealers might start selling out if their profit margins are cut too much. With cards; it's at the point where many dealers no longer bother getting graded but take good pictures and are trusted with their grading. I continue to hold and it's mostly for the dividends and in hopes of a slow rise back to $25. But have to watch how this goes if they keep raising prices and driving dealers and collectors away. DBTunr; I do notice that you only ever talk about coins, but you do have to look at more than just coins. Cards might be around 25 to 30% of their business so if cards see an uptick, than that has to be figured in as well. What surprises me about cards and is encouraging is that many dealers sell mostly newer cards from the past 10 years including lots from the past 2 years. So there might be a decent uptick in new card collectors and young collectors
Maybe the Chinese currency starts small but is good for the long term. The big drop in gold and silver the past month might hurt a bit, although January was a great month for the metals and your numbers would have included January so that's probably a wash. It could be what you said in that most investors have no clue of the numbers until they get reported. Your numbers are accurate and you post here before the company announces numbers. If I was a day trader I'd probably sell some shares and buy back 10% lower but I'll hold
Thanks for the updates on the numbers. The stock continues to do well despite the insider selling and the lower coin numbers. Did they lay people off or come up with a faster and more efficient way of grading to lower the payroll time spent in grading? Or are there other collectibles being added besides coins and coins that have helped? Comic books, autographs, memoribilia, etc
That's close to 60,000 shares that David Hall has sold this month, yet the stock is holding up. I'm still holding all shares but this is a concern and I'm thinking with another pop higher I might take some profits.
Thanks for posting the numbers. I thought of selling after you posted this last week, but have held from the $14 level and the added buy a month ago at $20 and decided to keep holding based mainly on the dividend, which increased. In a sideways or down Dow and Nasdaq that I see this year, I think it makes sense to hold for the dividend and the possible small bump higher in share price this year. I'm surprised the Asian markets are not seeing a bigger pop higher, but expect that they will this year. I don't think raising prices is smart, as it discourages a lot of people from getting cards graded and I assume coins also.