using the 21st of Sept #'s as the cutoff (due to processing delay), I get 504K coins and 420K cards for this current qtr. Cards have been working 7 days/week recently to meet their numbers and move down their excessively long backlog.
That translates to over $13.9M in revenue, add in a little extra for non-card or coin revenue (Expo's, CCE network, digital properties, etc) and I get over $14.8M on revenue.
figure 22c in GAAP earnings and $200K+ in cash added. Q1 warranty costs are down but they typically have capital expenses in this quarter. Hard to predict Tax rate is it varies wildly. Hopefully China losses will narrow. HOF coins and the Kennedy coins were wildly popular and will add to avg ticket price. The card division has its annual big show during this quarter. Card division also did not run its low cost promos this quarter which will add to card avg ticket price.
Last year $14.1M, 20c GAAP, 447K coins and 431K cards, cash BURN of $1.2M. China started up last year in July and that was a big reason for the burn as well as cap ex. Even if cash flow this quarter is break even, that is a huge turn from last years big burn.
I think my estimates have been consistently under estimating their performance.
Lynne, you really are out of your league. Institutions own only 4% of the stock. Most of that is index funds that MUST own it. So the only direction is up for institutions.
she views herself as an environmental activist. Other environmental activists distance themselves from her as they view her as a psychotic person and bad for their image. that is fairly sad. Even societies rejects wont take her in
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
you really need help. Your psychosis is getting worse. I really am afraid you are going to hurt someone
the Mint is selling the new Kennedy coins at the Chicago show and at Mint sites across the US. Huge lines with thousands of people are reported at all the sites. The ones at the Chicago site are going to be graded with a special label by both PCGS and NGC.
No summer slowdown folks. In fact, the 30 day coin cert rate is 184K+. We are trending between 25%-33% above last year at this time depending on the day. The Sep quarter always sees some cash burn. If the trend continues, will be cash flow positive this quarter
what have u done in life Lynne? Besides being married to a criminal? No kids. No job. Nothing left once you are gone. No one will miss you.
that's funny as I read it the opposite. The judge said the $10M claim was "suspect". I interpret that as a claim more than ZERO but much less than $10M. When all is said and done, they will get $50K-$100K. Just noise to MGN.
The floorless offering they just did is more of a concern.
so knowing that, make a financial case why it is a bad investment rather than a stupid emotional one. This is an investment board, not the suicide hotline. This has been your mistake since day 1 here.
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%
you can make your silly ad hominem attacks all you want and your stupid predictions, the only thing that matters is the stock price and it strongly disagrees with you.
I am predicting about $500K cash flow positive this fiscal Q1. First time in their history and this is without stock option exercises. BOD members have $17+ options that expire in 2 months. I predict they will wait until next quarter to exercise which will make Q2, typically the "slowest" quarter, cash flow positive as well. "Managed" cash flow if you will.
Warranty costs in the last 30 days are ZERO. First time I can remember seeing that. Sales are still strong and much higher than last year. Backlog is at strong levels. The company can generate $2M-$3M in cash flow this fiscal year. That would put them around $23M in cash. That sets them up for a dividend increase next year. Keep in mind half of their discontinued ops building leases expire end of next year too.
Should China be a cash generator instead of a $1M/yr cash user, then that changes everything. There certainly are now thousands of Chinese millionaires now that Alibaba is public. Alibaba has a bad reputation for allowing tons of fake coins to be sold. I have always wondered why Ebay doesn't buy CLCT but they never have. They do have a relationship. Alibaba now has over $20B in cash and is hugely profitable. A purchase of CLCT by Alibaba would be chump change for them and would give them immediate anti-fraud cover.
I don't get the short thesis here. Almost 10% of shares are short. Really guys?
the best "contra indicator" of the bunch is beefstooge. He literally will say something stupid at the absolute bottom. 2 years ago at $10 he was short and said the company was going to declare BK.
42K+ after hours at just over $22. Another fund is buying in. CLCT up 12% for the quarter and a fund wants to show it on its ledger at quarter end
a 15K and 16K block at the close. Someone wanted in before end of quarter