Any Collector's Universe stockholders here?

golddustin

I just picked up some shares of Collectors' Universe last week, after the submittal turnaround times for PCGS kept going up & up....plus w/the coin market seeming to be on the brink of a strong move, it just seemed like circumstances pointed toward an opportunity. It has moved up a bit, but just wondered if anyone else out there owns shares in the company that runs this website. I tend to go with Peter Lynch's philosophy...buy what you know and understand. Besides, I haven't logged in for quite awhile, and thought this would be a good excuse (as if I need one!) to visit with all you fine folks again.

RGL

Have you scanned the sidewalks near high rises?

cosmos66

What is the stock symbol and which exchange does it trade on?

MrEureka

The symbol is CLCT and it trades on fumes.

Yes, I have some.

abuell

I saw one today on a freeway offramp - he was holding a cardboard sign.

RGL

Will misgrade for food?

golddustin

I'll take these messages as "negative indicators", which , by definition are good, right?? What's that old Wall street saying, climb high, jump low? Seriously though, at the price it's selling for, you could pick up a few thousand shares, and sell it after it rises twenty cents or so, and pocket a few hundred bucks (although I'm in it for the long term )

PTVETTER

I have some and I'm loosing a bunch of cash it's even worse than coins

291fifth

When you evaluate stocks you have to distance yourself from any personal interest you may have in what it is they sell. While I may like coins in PCGS slabs that doesn't mean I like CU stock. There are many more elements to CU than PCGS. I don't own any CU stock because I don't feel it is a well run corporation. It is as simple as that.

longtimecollector

I just read the lastest financial statements from CLCT.......

Sales volume is up....... THATS GOOD

Average cost per certification is down ....... THATS BAD

Sentiment expressed by analysts is WISHY-WASHY....... THATS BAD

Financial statement seems to indicate "red ink" has been/will be a MAJOR expense for CLCT...... THATS BAD

It appears that the 1 for 4 REVERSE stock split was done in order to keep the stock from being "de-listed"...... THATS BAD

While they are acknowledged as an industry leader in the services they perform, it appears there has been much difficulty in turning the corner to making a profit....... THATS BAD

TOTAL SCORE......... THATS GOOD = 1
THATS BAD =5

My "personal" take on the situation is that in a "BULL" market (such as the one we are in now), CLCT oughta be making money hand over fist..........

Whats gonna happen when the "Modern" boom subsides..........

Look for the new company slogan to be........

"We lose money on every sale....... BUT we make it up in volume !!!"

fountainheadgold

Get out of the stock market, put you money in tangible goods. Real estate, gold, antiques, coins, ect. these cannot be stolen so easy, paper stocks and cash can be stolen very easily. check the news in the past year

bigbadchad777

It is a good little stock.
Its problem is that it has very low volume and is a slow mover.
Buy it at $3.50 and sell it at $3.75.
Ameritrade RULES!
I currently own 1000 shares and will probably sell it tomorrow @ $3.75.
My 1 year price target is $4.50.

dollardude

I own a small number of shares. I plan on selling off all of my individual stocks, including this one, as good growth stock mutual funds have a much better chance of making me money. I am, unfortunately, not part of the 1% or so of part-time novice investors who can beat full-time professional mutual fund managers. Even with good growth stock mutual funds, only about 20% match the S&P 500 index, and fewer still substantially beat the index. I have met only ONE person in my WHOLE LIFE who has consistently beaten the S&P 500 index trading individual stocks. Put your money in good growth stock mutual funds and real estate. Both of these are ownership investments that make the most money in the long run.

Edited to Add: My individual stock broker is Scottrade, which has won the JD Powers and Associates award for the last four years straight! My market order commission is ONLY $7! IF you are going to trade individual stocks, which I DON"T RECOMMEND, try Scottrade! You can also purchase mutual funds through Scottrade, which I DO RECOMMEND!

Bochiman

I looked at buying their stock a few months ago (I agree with buy what you know and understand, but also temper it with the need to understand the stock just as much, or moreso, than the business that owns the stock). In this case, the lethargical movement, coupled with the prior reverse stock split, led me to watch the stock but not touch it. On an average day, between 1000-3000 shares seem to trade and the stock doesn't move more than $0.50 or so.

Also, do insiders control most of the stock? I don't know that, but, if they do, then they can REALLY affect the stock by any movement. For instance, if the normal day's trading volume is ~2000 shares, and someone who owns 70% of the stock needs money to buy a house, they may sell tens of thousands of shares. That could really depress the stock and then, it still trades 2000 shares later...harder to rise.

Then, unless the insiders are really buying the stock (they have a great feel for how the company, and policies, are going), it probably isn't going to move up much.

Longtimecollector....I agree with most of what you said, but wonder about this: "Average cost per certification is down ....... THATS BAD"
Do you mean that the average revenue per cert is down? The way you wrote it, it seems to say that the cert price stayed the same, and the cost decreased...that would be good.
Other than that, I agree with everything else you said about the pro and the cons.

Golddustin....I hope the stock treats you well though I feel you will have to hold for a very long time....but, best of luck to you.


Ron

longtimecollector

sorry for the ambiguity..... should read "average cost to the end-user (submitter) is DOWN.......

mintluster

I wish!!

longtimecollector

The article I read mentioned a large increase in the # of items graded, but since they were all "bulk" submissions, the rate per item was substantially lower....... Looks like the "little guy" takes it "in the shorts" again !!!!!!

roadrunner

Good choice of words by Fountainheadgold. Get out of stocks, or at least standard mutual funds, and get dug in with "things" that have value on their own. It's Dejavu all over again: 1977-1980.

roadrunner

ohbaby

My market order commission is ONLY $7!

This is one of the great cons of "discount" brokers and it's perfectly legal. On a trade of say $20,000 of stock the trade may cost you $1,007 or more depending on several factors. Dont take my word for it, familiarize yourslf with the 5% Markup rule. It will change the way you trade and you may make some money.

As for CLCT, I would avoid. So many excellent companies to invest in why waste time with this clunker?

MrEureka

On a trade of say $20,000 of stock the trade may cost you $1,007 or more depending on several factors.

It can cost you a lot more than 5% + $7 if you are trying to trade quantities greater than those associated with the bid and ask. For CLCT, bids and asks are rarely good for more than 5000 shares, often for less than 1000 shares. Their SOP for reacting to large orders is really kinda wild if you pay attention.

Barry

<< <i>Get out of the stock market, put you money in tangible goods. Real estate, gold, antiques, coins, ect. these cannot be stolen so easy, paper stocks and cash can be stolen very easily. check the news in the past year >>


He left out April Fools!