for the first 2 months of this quarter (still have one day left, btw) coin and card volumes are up 10% compared to last year. I would expect revenue to be up that amount as well. That puts us at about $15M rev (vs $13.7) and 30c GAAP (vs 25c)
PSA has not run their really cheap specials as they have not had to. Will update in one month with better projections.
MGN is not in any of the Russell Indexes. Last year a $30M market cap got you into the Russell Micro Cap index. With the beating the last 2 days, MGN will probably not make into the index this year either.
Russell uses the market cap at close of business today for the yearly valuation. RVM is in the MicroCap index and may squeak by
nice recovery. Shorting met with aggressive buying. $181M market cap. Should easily make the Russell Index addition list. That will be published in two weeks
Revett shareholders thank you for crushing MGN so that the Rock Creek mine can be built without the hinderance of the Montanore mine
the June card grading price specials are out and it is $6.75, up $1.50 from the low point of last year and up from $6 for the first 5 months of the year. With a record number of cards grading, it seems they are raising prices
MGN taking a big tumble today, under 80c now. With a market cap under $30M as of May 30, MGN will get thrown out of the Russell Micro Cap indexes. Forced selling by index funds
dividend paying stocks typically do well in a low interest rate environment. The utilities are leading the market this year. Now rates are negative in Europe. uncharted territory. Anyone know what good dividend paying stocks do in negative rates? I would think go higher still
still strong into June. warranty costs are running way down, about $10K in last 30 days and 1 year is now at $400k. Coin and card certs still running about 10% ahead of last year
should spur economic growth but be bad for their $20B in float they hold. If ADP has to start PAYING to hold customer funds, that would be negative.
But they pay a solid dividend which should be good. This is all hard to figure out.
CLCT issues lifetime warranties on the products they certify. If they say the grade is X, and it is determined later that it should have been X-1, they will pay you the price difference.
And I'm talking like announcing a $100M suit. Something that would get credit agencies to lower their rating.
Everyone is reporting the busiest June Long Beach show ever. Typically things starts to slow down now but this show is going gang busters. The have the Pawn Stars people there, many dealers form China, and the US Mint is offering the much desired Baseball coins for sale.
thought the same thing but then I come back to 2 things:
- 675K shorts
- Russell Index rebalance and 700K+ shares needing to be bought (Russell announces additions/deletions next Friday)