CLCT is so transparent they TELL you every day how much business they did. Anyone can see if a slowdown is taking place. All they show now is RECORD volume of business.
new daily record
a new daily record. I use the Sunday-Monday statistics change to gauge the activity in China as US ops are closed on Sunday. New record hit last night with just 1271. If kept at that pace, it would account for about 16% of total world coin grading volume for the quarter. Has been running at 5%-6%
do not downvote either. That just gives them feedback that someone read their post.
do yourself a favor and just ignore as their input is nothing but ad hominem attacks and useless info
Can someone explain to me why this is the ONLY energy stock that has crashed during the biggest energy boom in history? Every energy stock I have has doubled and tripled in the past few years
I would say to anyone here selling CDTI and putting the money in CLCT is a better option. Collect a nice dividend and buy a money making company.
insiders own 30% of the company at CLCT. Of course there will selling. The insider trading window this quarter is only 3 weeks long. The best time to buy is when they sell as you can get your best deals during that time. BTW- I was a big buyer down there at $3 and so where the insiders. Their whole life savings are in one company, of course they want to take some profits.
re CDTI - downside is 100% in a BK. upside is maybe 100%, maybe. Due to dilution and constant need for more money, the stock may never see any appreciation. They have have to reverse split already 2X in their history. A third time is probably in the cards the the next 18 months after the next capital raise.
why would you invest in such a risky venture?
see, that's where you are so wrong. That's called gambling. If you want to gamble, then fine. That's different. I have some pie in the sky stocks too. I don't tout them as an investment. This is a lottery ticket. Most lottery tickets lose. This has as much chance as a lottery ticket. Buy 100 shares. Buy 1000 shares. Maybe even 2000. Any more than that is insane. This will most likely wind up at ZERO and in BK
who cares what they say? They have overstated for years now. Show me sales and profits. Why do they even bother with these roadshows? Why don't they save the travel, expense, and attendance fees?
value trap. Company has a floorless convertible preferred offering going on. Holders of the preferred thus want shares lower to convert into MORE shares. They can short with impunity. I would not buy at any price unless you want to keep at your 100/200 share lots and making lunch money
FYI - Corning (GLW) calls their filters DuraTrap. I am not a copyright lawyer, bit CDTI calls theirs DuraFit. Why did they use "Dura" in the name? Is it an attempt to fool buyers of the DuraTrap line? I don't think that name will hold up. Corning has had their stuff out there for years now.
you know others make the same thing CDTI makes, right? Those other companies are much larger and financially stable. I heard the CEO of Corning on CNBC talking about their diesel emission products. I didn't even know Corning did that. I thought they just did the fiber and Gorilla Glass stuff.
52,000 coins in last week. On par for PEAK season rates. Nothing special though about last week for coins other than warranty costs for last 30 days are only $3545.
total coin and card revenue for last week was probably $1.5M. This September quarter is going to be a quarter record and will have a cash add for the first time in their history
The huge short interest in this stock started 2 years ago when the stock price was around $12. So they have paid $2.60 in dividends and watched the share price rise 80%.
Although yr-yr card grading has been just on par, this past week saw a record 51,000 cards graded. Monthly card special discount prices have not been as low as past years so income with on par grading should be higher. PSA has been working 6 or 7 day weeks for a few weeks now. It looks like they are having an end of quarter push to meet some goal. They currently have 16 straight quarters of increasing revenue. I am sure they will want to continue that.
July is the biggest card show of the year so a huge backlog of cards seems to exist at PSA. Forum commenters are talking about 60+ business day waits for their cards.