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CLCT is on a roll!

Dave99BDave99B Posts: 8,236 ✭✭✭✭✭
edited October 5, 2020 12:44PM in U.S. Coin Forum

Nice move from $15 to $58 in six months, right in the middle of a global pandemic. Well done, PCGS. 🤯

Dave

Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.

Comments

  • CatbertCatbert Posts: 6,246 ✭✭✭✭✭

    PE of 49! Wish there was a forward PE ratio published. Awfully expensive stock. How have fundamentals changed?

    "Got a flaming heart, can't get my fill"
  • JimnightJimnight Posts: 10,592 ✭✭✭✭✭

    Excellent. Investors are making money.

  • 291fifth291fifth Posts: 23,709 ✭✭✭✭✭

    @Jimnight said:
    Excellent. Investors are making money.

    Not until they sell.

    I also wonder what fundamentals have changed?

    All glory is fleeting.
  • clarkbar04clarkbar04 Posts: 4,895 ✭✭✭✭✭
    edited October 5, 2020 10:56PM

    To be fair, nearly every stock is up a ton from over 6 months ago.

    MS66 taste on an MS63 budget.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    The next three months may be tumultuous..... Fun to watch. Cheers, RickO

  • ShadyDaveShadyDave Posts: 2,184 ✭✭✭✭✭

    I was actually going to post a new thread on this topic. They announced some interesting news over the last few days:

    They're buying another big commercial property next door to their current location for expansion. Looks like they're using it to get their employees back in the office while social distancing, for now. https://www.nasdaq.com/press-release/collectors-universe-announces-facility-expansion-to-increase-operations-capacity-and

    They also just appointed two new members to the board of CLCT who seem to have tech backgrounds. Hopefully these are two people they are leveraging to help them with the AI integration as that is what they seem to be here for. The expansion of the facility also seems like they will be using it in the future for better imaging technology and other advances.

    https://www.nasdaq.com/press-release/collectors-universe-appoints-two-new-independent-directors-2020-09-29

    Background on the two new board members:

    "Ms. Bardeen serves as VP and Chief Technology Officer of World Wide Enterprise and Commercial Industries at Microsoft, where she acts as a technical and strategy advisor. She brings significant experience in driving technical innovation and leading teams at a global organization. Ms. Bardeen will chair a newly formed Strategy Committee that will explore ways to use technology to enhance value for customers and shareholders.

    Ms. Leuer serves as Chief Executive Officer of CyberScout, a cybersecurity and identity protection solutions firm. She brings more than 20 years of strategy and operations experience and has a strong understanding of how to launch, scale and optimize businesses. With the appointment of Ms. Bardeen and Ms. Leuer, the Board will comprise 10 directors, 9 of whom are independent."

  • goldengolden Posts: 8,795 ✭✭✭✭✭

    I was thinking about buying some when it was under $16. Darn!

  • Dave99BDave99B Posts: 8,236 ✭✭✭✭✭

    @clarkbar04 - To be fair, nearly every stock is up a ton from over 6 months ago.

    True, but very very few are up 400%, at least the equities in my portfolio!

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • No HeadlightsNo Headlights Posts: 1,999 ✭✭✭✭✭

    Bought at $14 (smart), sold at $36, Stupid!!!

  • spacehaydukespacehayduke Posts: 5,057 ✭✭✭✭✭

    @No Headlights said:
    Bought at $14 (smart), sold at $36, Stupid!!!

    Next year you are likely to be more pleased about your sell point, a market reckoning is coming and most stocks have too high of P/Es right now (look at TSLA for heavens sake) - the 2nd wave of CV 19 is going to bring everything back down.

    Best, SH


    Successful transactions with-Boosibri,lkeigwin,TomB,Broadstruck,coinsarefun,Type2,jom,ProfLiz, UltraHighRelief,Barndog,EXOJUNKIE,ldhair,fivecents,paesan,Crusty...
    Everyman Bust Quarters
    Early Quarters
    CAC Capped Bust Quarters
    CAC Barber Quarters
  • 291fifth291fifth Posts: 23,709 ✭✭✭✭✭

    @No Headlights said:
    Bought at $14 (smart), sold at $36, Stupid!!!

    A $22 gain per share isn't stupid. It is smart. Stupid may prove to be buys at very high P/E levels.

    All glory is fleeting.
  • daltexdaltex Posts: 3,459 ✭✭✭✭✭

    @291fifth said:

    @Jimnight said:
    Excellent. Investors are making money.

    Not until they sell.

    So I'm confused. Are investments worthless until sold, or are they worth what we paid for them?

  • 291fifth291fifth Posts: 23,709 ✭✭✭✭✭

    @daltex said:

    @291fifth said:

    @Jimnight said:
    Excellent. Investors are making money.

    Not until they sell.

    So I'm confused. Are investments worthless until sold, or are they worth what we paid for them?

    An example: Back around 2001 I owned what was supposed to be a top quality stock. Reports from the top executive were rosy. One day I came back from lunch and heard on the news that the executive had been telling tales when it came to the company's actual financial health. I lost half of my investment in about two hours. The rest of the story: A class action suit was brought against the executive (who had banked a big bonus just before the bad news broke). The class action suit dragged on for over ten years. I eventually recovered about $300 of my loss as a result. This was a tiny fraction of the loss.

    The fundamentals need to be solid and the information supplied by the company needs to be truthful.

    All glory is fleeting.
  • Dave99BDave99B Posts: 8,236 ✭✭✭✭✭
    edited October 6, 2020 4:10PM

    The market does seem like it’s very extended, but I’ve felt that way for 10 years, so what do I know.

    Also, saying stock isn’t worth anything until you sell, is like saying that your complete set of PCGS MS67 Morgan dollars isn't worth anything until you sell. 😁

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • ShaunBC5ShaunBC5 Posts: 1,546 ✭✭✭✭✭

    “All investments have risk and past performance is not a guarantee of future success”...or something close to that.
    Being up 400% means there’s a long way to fall before long-term (Already owners) investors are hurting.
    Does CLCT pay a dividend? Easy to find out, but not while I’m typing on my phone.
    @daltex stick investments are a reflection of institutional and public opinion of the overall value of a company (divided by the number of shares)...they can skyrocket and they can plummet and literally be worth nothing, regardless of what you paid. There’s more to it than that, of course, but there’s usually no floor.

  • daltexdaltex Posts: 3,459 ✭✭✭✭✭

    So we're saying that investment value can change from time to time even when we don't ell the investment? I'm shocked, shocked!

  • spacehaydukespacehayduke Posts: 5,057 ✭✭✭✭✭

    @ShaunBC5 said:

    >

    Does CLCT pay a dividend? Easy to find out, but not while I’m typing on my phone.

    Div about 1.2% at current stock price. This is why the share price crashed a couple years back, cut the dividend by a significant amount. Buyers priced the shares accordingly but it has risen ever since by bringing in the new and out with the old.

    Best, SH


    Successful transactions with-Boosibri,lkeigwin,TomB,Broadstruck,coinsarefun,Type2,jom,ProfLiz, UltraHighRelief,Barndog,EXOJUNKIE,ldhair,fivecents,paesan,Crusty...
    Everyman Bust Quarters
    Early Quarters
    CAC Capped Bust Quarters
    CAC Barber Quarters
  • AlongAlong Posts: 466 ✭✭✭✭

    People in this forum care more about dividend than the rest of the market does.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,557 ✭✭✭✭✭

    Right after Heather cleaned this place up.

  • WCCWCC Posts: 2,180 ✭✭✭✭✭
    edited October 11, 2020 9:06AM

    P/E of 49? Find it hard to believe they can generate revenue through volume and fee increases to bring profits up sufficiently to reduce the PE to a more "normal" level.

    But then during COVID, bankrupt companies like Hertz spiked higher due to speculative trading and this one even initially planned a secondary offering until the SEC squashed it.

    The current environment is a financial mania and has been one for the most part for over 20 years; the supposed "new normal" but actually the greatest mania in the history of civilization. If participating make sure you have a "chair" when the music stops.

  • MFeldMFeld Posts: 11,048 ✭✭✭✭✭

    @291fifth said:

    @Jimnight said:
    Excellent. Investors are making money.

    Not until they sell.

    I also wonder what fundamentals have changed?

    People who bought at levels lower than the current price have made money, even if they haven’t sold. They might lose it back before they sell, but that doesn’t mean they haven’t made money at this point. Their gains just aren’t realized, for tax purposes, until they’ve sold.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • MFeldMFeld Posts: 11,048 ✭✭✭✭✭

    @daltex said:

    @291fifth said:

    @Jimnight said:
    Excellent. Investors are making money.

    Not until they sell.

    So I'm confused. Are investments worthless until sold, or are they worth what we paid for them?

    @daltex said:

    @291fifth said:

    @Jimnight said:
    Excellent. Investors are making money.

    Not until they sell.

    So I'm confused. Are investments worthless until sold, or are they worth what we paid for them?

    They aren’t worthless, nor is their value determined by your cost. Their value is based upon what the market will be bear - in the case of stocks, that’s typically the posted “bid“ price at any given time.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • nagsnags Posts: 784 ✭✭✭✭

    Nice jump today. Revenue up 52% Y/Y.

  • Dave99BDave99B Posts: 8,236 ✭✭✭✭✭

    Holy cow. $70/share!

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.

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