I'm hoping the worst is behind us and $6.50 will be the bottom. I don't think ISIS selling oil has any effect on the Surge. I think the drop was mostly profit taking and the dollar strengthening, which caused the price of oil to drop a bit
I was also surprised that Ebay went way up on this news. Without Paypal; Ebay would be about a $35-$40 stock at this point. Maybe even lower. So can anyone explain why ebay would rise with Paypal going their separate ways? There has to be something I'm missing. Maybe now Ebay can take credit cards instead of Paypal and maybe this will bring them buyers who don't like paypal?
The company is doing well and getting into the Russell 2000 is probably helping also with more institutional traders buying CLCT.
The past 2 or 3 dividends have been 5 cents per share so we'd be at close to 9%. But this has been a brutal sell off. Hopefully Surge has seen it's bottom and begins to recover. The strengthening of the dollar has hurt a lot and driven down gas and oil prices, but anymore strengthening will hurt U.S. exports, so I'm thinking we(America) begins to manipulate our currency lower, which would help most commodities.
Oil keeps dropping. Need the price to stabilize although it's nice to buy gas now and have it so much lower. The dividend is usually announced on the 15th, so hopefully they continue with the monthly dividends
Oil revenues are high in CAD? Oil's dropped more than $30 USD per barrel the past few months, so revenues aren't high for anyone. CAD has lost 10% this year to the USD, but it doesn't matter with oil dropping 30%. Maybe oil has seen a bottom, but the U.S. fracking is what's behind the huge oil drop, so something is needed to slow the U.S. fracking. The IRR on many of their wells is a high number, so it looks like Surge was oversold. I think the keys now are the price of oil and the need for the U.S. fracking to slow exports
Oil is actually up this morning; first time in a while. So it should be good day for Surge. Dividend pays out this morning
Mitch, what's killing oil prices mostly is the huge fracking operations that are going in America. The supply of worldwide oil and gas is much higher now. The European economy and Chinese economy are both slowing, which also has lowered the price, but it's the exporting of natural gas that really is the main cause. By year's end, America will be the world's largest producer of oil and we will depend much less on Opec. So OPEC has been forced to greatly lower their price. The Arabs might actually have to find other work eventually.
Currently only Cheniere Energy has an American license to export, but many are now waiting in the wings and anxious to buy their export license. This is why Arabs have been forced to greatly lower their price. The demand for their oil is way down due to both fracking and the slowing European/Asian economies. America has to deal with more environmetalists than Canada and Canada already has a conservative who's given the green light to export, so Surge and others need to get moving now
You're right Mitch, at least that's what I got also if I did the numbers right. It was supposed to be 5 cents as announced 9/15. Still an excellent dividend but it should have matched the announced amount
The company is doing well and continues with the excellent dividend. Possibly this stock holds up better than most if the market has a downturn. So I think this remains a good one to hold
I would have to disagree with you dbtunr and I also have to say that your tone is very poor when you disagree with someone, which chases people away and takes away from the board. You might know coins very well and might even be an expert with coins, but you've shown many times that you know very little about cards. So you shouldn't be so quick to disagree with someone when they post an opinion on cards.
The price of many PSA graded cards has come down the past few years; even the price of NM hall of famers. And the sellers who have their own websites do not get more for their cards than they get on ebay. In fact most of them have a slightly lower price on the same cards if you buy from their website instead of ebay. So I believe the original poster makes a good point that if prices stay flat or continue to drop a bit on PSA graded hall of famers, that many collectors and dealers might start shying away from getting them graded.
Sorry dbtunr, but you continue to prove you know almost nothing about cards. And seeing that cards is roughly 25% of CLCT's business, you really should educate yourself on cards instead of being critical of the original poster on this thread.
To talk about auction houses as if they have any impact on cards is a joke. Sotheby's has a handful of card auctions each year and Heritage currently has about 1,500 card auctions. This compares to ebay where there's more than 5,000,000 cards for sale. Ebay dominates the card market and card prices are basically determined by ebay completed sales. The original poster on this thread is exactly right that sales of many cards have been flat or come down a bit, especially the common older cards which used to get sent a lot, but now make no sense to pay for grading. The original poster here is exactly that some collectors and dealers might twice before paying for grading. Many hall of famers have dropped in price the past few years, which is definitely a concern.
If the card numbers have held up or improved, then for now most dealers and collectors aren't too concerned yet. You would know the numbers of cards graded. I'm curious if card grading is up or down.
That's a good sign that card grading is holding up. And maybe it's all relative and if a $100 card sells for $90 now, then if a dealer can purchase it for $10 less than he used to, he can get it graded and make the same profit. I have 100's of cards that might be worth grading before selling, but I'm at a loss as to whether it's worth sending them in. There is a worry among some card dealers, that the more cards that get graded, the less the graded cards are worth, so that might also be a factor in prices dropping on some cards. Either way, I hold CLCT for it's dividend and continued growth. Although if coin grading is down a bit then I'd be concerned as to why it's down.
Surprised so many here have sold at $24 level. I'm holding as Ive done for the past 2 years. I've never been good at timing the market and wouldn't want to try it now because the number of coins and cards being graded might have a nice increase in advance of Xmas.. I bought in around $14 and love the dividend and the growth and the fact that so little insider selling has happened for the past 8 weeks.
And there are often factors not thought of by most that can lift a stock. For example, what if a competitor goes out of business or gets bought out? Or what if the company does a few lay offs of unneeded employees? Either way, despite some numbers being down of the coins and cards, I'm holding for now
Thanks for your thoughts dbtunr and it will be interesting how the earnings report looks.
Sometimes if sales are slow; a company has a sale, so I wouldn't look at it as a negative that PSA is having a card sale. As someone with 100's; actually 1,000's of cards; that I might sell in the next year or 2; having a sale makes me more likely to finally get them graded. And maybe card and coins certs are down a bit because maybe many dealers got their cards and coins graded in August and September; to have them set way in advance for Xmas.
You follow this company closely and know all the numbers, but stock price usually hinges on what lies ahead and not what's happened, so maybe CLCT has been rising because of factors that none of us know about yet. Either way, I'm holding for now.
I agree with you that this is an odd time for them to make the earnings announcement. I'd guess if they say there's been a slowdown and their outlook is only average or worse than it probably drops 5 to 10%, but if they say their outlook is good, than maybe it only drops a bit or even goes higher. I think what's most important is what they say their outlook is for the next quarter and not what their past numbers were. If they're slowing a bit with certs, then I'd have to wonder if the other competitors are also slowing or if another company is cutting into their dominance
You make a very good point about metal prices because they directly affect the price of the coins and as the U.S. dollar strengthens due to the rest of the world's weakness; most commodities including gold and silver, continue to get driven lower. But this has already happened, so what matters most is what lies ahead and whether the dollar will continue to strengthen which would drive gold and silver prices lower, or whether the dollar will stabilize or weaken which would help stabilize the metals or drive them a bit higher. If the dollars continues to strengthen then American exports will begin to drop. So I would guess that America will manipulate the dollar to weaken a bit later this year and into next year, which should help gold and silver prices to stabilize or move a bit higher
I also question whether the American economy is improving as much as many experts
believe. Maybe it is and if it is, then the metal prices dropping makes sense and the decrease in coin interest also makes sense. But if the experts are wrong and the American is not really doing as well as they think, then the dollar won't go much higher and will weaken next year. I agree with your points dbtunr, but I'm holding because I think the U.S. dollar will be manipulated lower to help exports and that this will lead to gold and silver prices stabilizing and then rising a bit next year
dbtunr, I agree with all your points and agree CLCT might present a bad outlook for next year. But I also know there are millions of collectors worldwide of coins and lots of card collectors and that as prices drop, many look at this as a buying opportunity. And as American exports begin to feel the pinch of the stronger dollar, I think it makes sense that the we(America) begin to manipulate the dollar lower, which will help stabilize the metals price. This is pure speculation on my part and your points are more factual and based on current numbers
But there might be other factors which maybe we don't know about and a good business can come up with ideas to help profits. If business slows, they can lower their price to entice more grading or they can lay off a few people. And also, how is NGC doing? Wouldn't they also be doing less business and isn't it possible that the industry might have some buy outs? Or that some of the small competitors might go under? I do agree with your points and understand them, but for now I'm holding