all identifying info is removed from the coin. Graders just get a coin in a tray. They have no idea who submitted it. 3 people must agree on the grade. None know who the submitter is.
there is NO price I would buy it. I would rather wait until they turn things around or are at an inflection point in the business cycle. This is gambling.
I made a small amount here. The trades are still posted.
so which is it? am I hated or people licking my hinny?
BTW- CLCT up $1 since you came there. Thanks for the help. Low float stocks like that tend to do better when there is more chatter, even those trying to bash. At least do some research. You are embarrassing yourself and giving bashers a bad name
And I sold at $2.80 just days later as the news did not play out. Nice try with your "facts"
btw - u stink as a P&D'er. You don't have the knowledge to sway people and you are just basically stupid
on the home page of PCGS and PSACARD, they show how many coins and cards they graded. Every day. If you track it over time, you can figure out within a few %, what their revenue will be. These guys are the most transparent company in the world.
Currently at RECORD pace for this quarter. First cash add for a fiscal Q1 ever.
in the past 12 months, some mega old-time collections have come up for auction. Typically, you get one of these every 10-20 years or so. Great coins are bought, put away, then don't emerge for 50-60 years. YEARS!!
Through a sequence of events, 3 great, once-in-a-lifetime type collections have come up for sale. One sale was from a collector who is over 100 years old. CLCT insiders have sold their long held stock and purchased coins. David Hall the founder has almost his entire wealth in the company. His wife happens to be a huge collector as well. His wife spent $1M in grading fees with the company last year. So he sells stock, buys coins, his wife gets them regraded. Company makes money on his options. Company makes money on his grading fees. He gets to enjoy the coins and put them away for the rest of his life. When he was younger, he may have seen these coins at auction and could not afford to buy them. I don't begrudge him. Now he can afford them.
The graders have a Chinese wall and do not see who submitted the coins, BTW
The sales by some BOD members were from options that expire this Nov. Exercise or lose them. I would not throw money away
5 straight years of dividends. Prior to that, a 11:10 forward split and a tender offer where they bought back 20% of the company. Prior to that 3 straight years of dividends.
The last time the company had this much cash, it bought back 20% of the shares and split the stock 11:10
The CEO who brought the company to $3 was fired for trying to get the company to compete with GIA in the diamond business. Diamond grading, like coin grading has huge barriers to entry. Were it not for that mistake, the would have 9 years of dividends. Buying back 20% of the company at $5 was better for the company in the long run.
how do you get that? Would it not come in at the same price as ADP is now with ADP just adjusted 25% lower?
example, say you have 3 shares of ADP and ADP is trading at $80. Worth $240 total.
ADP post split trades at $60 3 shares, CDK at $80, 1 share. Worth $240 total
Am I wrong?