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OT .. Collectors Universe Reports Results for Second Quarter Ended December 31, 2008

OPAOPA Posts: 17,118 ✭✭✭✭✭
in Precious Metals
2d quarter earnings

Don't see any improvements, but the stock is up by more than 10% in after hour trading ... does not make sense. I suspect it will retreat tomorrow ....
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."

Comments

  • OPAOPA Posts: 17,118 ✭✭✭✭✭


    << <i>They really need to scale back on their dividend payouts. In this climate, they should hang on to all the cash they can possibly keep. They're near term prospects aren't that good but the stock is not necessarily overpriced either. I rate a "hold". >>



    They stopped the cash divident pay outs last year & declared a 10% stock divident last quarter ... nothing for this quarter ... so they are doing what you suggested.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • dbcoindbcoin Posts: 2,200 ✭✭
    The numbers were just horrific. Down 10% across the board in every segment. Yet they would be profitable were it not for the jewelry business. Said they are taking steps to cut costs but it doesn't look good.

    For our sake, I hope they can turn the corner.
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