CU Stock down 10% today. Respnse to ZAG/GAI merger?
Buckwheat
Posts: 644 ✭
Check out the details of the merger in thread titled "Out of the closet"
CU Stock is down .28 as I write this to $2.03.
Could the stock falling another 10% today to a new low be the result of Zardoz's teaming up with GAI?
I guess that when the GAI/SGC deal that he told us about fell through, he was waiting in the wings to merge ZAG with GAI. PSA shareholders are no doubt panicking at the thought of competing with the new combo.
Paul,
Will GAI/ZAG give Davalillo a huge price break to cross over his probaby 100,000 cards?
CU Stock is down .28 as I write this to $2.03.
Could the stock falling another 10% today to a new low be the result of Zardoz's teaming up with GAI?
I guess that when the GAI/SGC deal that he told us about fell through, he was waiting in the wings to merge ZAG with GAI. PSA shareholders are no doubt panicking at the thought of competing with the new combo.
Paul,
Will GAI/ZAG give Davalillo a huge price break to cross over his probaby 100,000 cards?
Ole Doctor Buck of the Popes of Hell
0
Comments
Collectors Universe to Seek New Credit Facility Of Up to $20 Million
They perform a wonderful service for people, but if you look at it, all they primarily do is review at cards (and coins) and slab them. No real future for growth, no products (other than the service that literally ANYONE can do), and a stagnant business model.
As a small, private company, they can continue this way and be successful. They won't make money hand-over-fist, but they'll do fine. Being public, however, puts the pressure on from investors, and investors want growth and profit. To attain this CU must focus a great deal of energy on their management team and investor relations. Again: WHAT DOES ANY OF THIS HAVE TO DO WITH SLABBING COINS AND CARDS?
Just take a look at the stock. Apparently nobody cares about it. During the boom they were up, but so were many now defunct companies. Since then it's been nothing but down. A dastardly reverse-split did nothing to generate interest. Still, nobody cares, and from the way things are going with the stock price, more and more people continue to care less each day. What's next, another reverse split? When are these guys going to wake up and realize that they don't belong on the stock market? Name one positive thing being public does for them other than a conventient way to line the pockets of the executives.
I call on CU, for the hundredth time, to go back to being a private company and servicing their customers they way the customers want to be treated, and not the way some bean counter wants them to be!
I couldn't agree more...this is a good busniess, but not a growth industry. Look at their core busniess grading:
There are only X numbers of cards or coins to grade total(with the exception of the new garbage that comes out each year- which is already MT and no need to grade).
There are even less cards that people see as worthy of grading (price vs. return)....so the pot to make money from is getting smaller....Not exactly growth...
As for the $20 million dollar loan...well maybe they should buy back all thier stock. The Market Cap of the company is only $12 million....
Don't get me wrong, I like PSA. I am just now begining to get into graded cards as it is getting harder and harder to get nice raw examples for some of the tougher cards in my set. I also have nothing but respect for people that use cards as an investment. I choose to do it for fun and not as an investment
My two cents worth...
Let's engineer a coup. Buy up 50.1% of the stock, take it private and grade our own dang cards!
Heads will roll, I'm telling you. Remember Michael Douglas in Wall Street.
BKAH for CEO!
Uniship for COO!
Dude for VP Grading!