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CU qtr end results
FYI
Almost 7% dividend yield, fairly attractive stock.
Will be interesting to see details on card grading for the quarter.
Press Release Source: Collectors Universe, Inc.
Collectors Universe Reports Results for First Quarter Ended September 30, 2007
Friday November 9, 9:24 am ET
NEWPORT BEACH, Calif., Nov. 9 /PRNewswire-FirstCall/ -- Collectors Universe, Inc. (Nasdaq: CLCT - News), a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, diamonds and colored gemstones, today announced financial results for its first fiscal quarter of 2008 ended September 30, 2007.
For the first fiscal quarter of 2008, the company reported net revenues of $10.8 million and a loss from continuing operations of $100,000, or $0.01 per diluted share. This compares to net revenues of $9.9 million and income from continuing operations of $383,000, or $0.04 per diluted share, for the first fiscal quarter of 2007.
Operational and Financial Highlights
-- A 9% year-over-year increase in net revenues to $10.8 million, a record
for first quarter revenues.
-- An 8% increase in coin revenues on improved trade show units graded.
-- A 58% increase in jewelry grading revenues as we build greater brand
recognition and acceptance in advance of the holiday 2007 selling
season.
-- A 40% increase in stamp grading revenues which enabled our stamp
business to earn operating income for the first time.
-- An increase in jewelry promotional activities in support of anticipated
increases in seasonal holiday volume.
-- A $0.25 cash dividend per common share for the quarter ended
September 30, 2007, compared to $0.08 per common share for the same
year ago quarter.
Trying to complete 1970 psa set.
45% complete.
45% complete.
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