Just before and just after the ex-dividend date; CLCT seems to always have crazy ups and downs. There aren't that many shares traded so huge buy orders or huge sell orders can move the stock a lot. The company is doing very well and the stock probably is back to $22 or $23 soon enough
Thanks for the help. I found the page. They have a huge number of graded coins. With cards, it can be figured out by seeing today's total and then seeing what the total is a month from now. As a separate question, why is the card turn around 50 days? That seems like a long time and might discourage business?
Have card turnaround times always been 50 days or has it gotten better or worse? From a personal standpoint, I have tons of cards I would want to get graded but really don't want to wait 50 days and only just began looking into this, which is why I"m curious as to whether the wait times have improved or worsened. I would only use PSA; not any other company; but for now I would not bother due to the 50 day wait time. I don't know enough about the business to know if it's a smart business approach to discourage card dealers and card collectors from using their service, due to the margins you point out; but 24% of a companies revenue is a large part of their business, even though coins are 70% and sound so much more
For May they have collectors club specials that are as low as $6/card with a 50 card minimum, so this looks like a good deal and would be worth the wait. They have other May specials as well for cards. For the world wide market, I'm guessing coins must be huge with a lot of potential for growth
Despite what you say, I'm not convinced this is the smartest business model. To have 50+ day wait times discourages business and the logic that cards are "only" 24% is faulty since cards might be 35% or more if wait times were under 30 days. I think the smarter move would be to hire some more people and to raise the cost a few dollars per card. I bet many dealers and collectors would rather pay $8/card for a 20 day turnaround than $6/card for a 60 day turnaround.
Maybe the chat room is mostly dealers who need cost kept down but as a collector I just can't see sending in valuable cards and waiting for 2 months. I would definitely pay $8/card if it was a 25 day process as opposed to $6/card for 50+ days. That's just me. What about having a 2 tiered system and offering a bit more per card with a faster turnaround time?
If they could begin to grab some of the large Ebay sellers, that would be huge. It seems that no auction site ever can break into Ebay's auction dominance, despite Ebay's harsh treatment of sellers and high fees. Ebay fees are around 10% commision on the sale price and Paypal adds 3%. Ebay also has listing fees after the first 50 each month and Ebay also takes 10% of the shipping cost which is pathetic. So if this auction idea could catch on and most importantly attract BUYERS, then it could be huge. Cards for sale is only important if they can also get buyers to the site. To get buyers takes advertising and it takes the sellers not over pricing cards
What do you mean rates are negative in Europe? Do you mean bank interest? To savings and checking accounts? Instead of a tiny fraction of interest, Europeans are now paying the banks for a bank account???
Thanks for coin and card updates. The stock continues to stay strong while paying the 6% dividend. What are warranty costs?
This is being done to try to get banks to lend more to businesses, instead of banks borrowing from the ECB and buying bonds. But why would banks lend more? They'll only lend to those who are safe to lend to either way. And if they buy a 4% bond, then they'll clear 3.9% after they pay their 0.1% fee. Many of these bankers who make big decisions have zero common sense
Amazon is up 10% from a month ago to $330 and Ebay is down 2% from a month ago to $49. 6 years ago they both were $40 and neither has split since then, so Amazon is up 800% in 6 years and Ebay is up 20%. Because of these numbers and the security breach, an immediate vote should be done and he should be forced out due to his horrific record. To answer your question, he should be forced out immediately. He's ruined selling, which has driven tons of great sellers to quit ebay and join Amazon and other sites, which leads to these numerous sellers to also stop buying. And as sellers quit due to Donahue's policies towards them; buyers also began looking elsewhere.
Do you know what Russell bases their choices on as to who's included and who isn't? Is it specific numbers they look at and does CLCT meet these numbers? Thanks
Thanks dbtuner. It sounds like CLCT will definitely be included unless the market cap flies higher than $180M, which sounds very doubtful. I can see why you're confidant they get included. This is great news and should get CLCT into a lot of mutual funds once they get included, which in turn should help share price. Maybe it can rise towards $23 on the news and towards $25 this summer
Thanks for posting more info on this. From what you're posting it's not a guarantee that CLCT gets moved into the Russell 2000. We'll just have to wait and see