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Has there been any impact on the CU stock price as a result of The Big One announcement?

LongacreLongacre Posts: 16,717 ✭✭✭
in U.S. Coin Forum
Part of the allure of The Big One announcement is the privilege of resubmitting your coins to get the coveted Gold Shield, or the even more excessively rare Plus Sign. I believe this will result in significantly more revenue for CU/PCGS, which is a good thing.

For the stock guys in the house, has there been any effect on the CU stock price as a result of The Big One announcement?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)

Comments

  • dbldie55dbldie55 Posts: 7,741 ✭✭✭✭✭
    You don't know how to look up stock prices?
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • GoldbullyGoldbully Posts: 17,938 ✭✭✭✭✭
    CLCT Today

    Break even day!!!!!
    Slightly lower than usual volume!
    Check out the 9.5% dividend!!! image
  • LongacreLongacre Posts: 16,717 ✭✭✭


    << <i>You don't know how to look up stock prices? >>




    Yes, but doing the math to calculate a percentage gain or loss from one day to the next is really difficult.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭


    << <i>

    << <i>You don't know how to look up stock prices? >>




    Yes, but doing the math to calculate a percentage gain or loss from one day to the next is really difficult. >>



    hmmm.. no change in price equals a 0% gain... did that one in my head

    maybe i'm wrong though, it could also have been a 0% loss image

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • MsMorrisineMsMorrisine Posts: 35,860 ✭✭✭✭✭


    << <i>will result in significantly more revenue for CU/PCGS? >>




    Well, they apparently only want to grade things once instead of 40 times, so I am looking for a 97.5% drop any time now....
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 35,860 ✭✭✭✭✭
    my impression is that most here will not resubmit.

    and the + is for grades 45 - 68, but not 60 nor 61.... 69 is not eligible.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • pakasmompakasmom Posts: 1,920 ✭
    [hmmm.. no change in price equals a 0% gain... did that one in my head

    maybe i'm wrong though, it could also have been a 0% loss image >>

    image
  • robertprrobertpr Posts: 6,862 ✭✭✭
    In the last quarter of 2009 the Coin business accounted for 66% of revenue according to their 10-Q filed 2/9/2010.

    Assuming that regrades and resubmissions account for 20% of that revenue, (which I think is a liberal guess, but there's no way to tell for sure (today!) because of crackout resubmissions), and then factoring in that of that 20%, maybe 5 to 10% would fall into the tiers that might be eligible for the full SecurePlus service today,

    I'd say the overall impact will be negligible for the immediate future.
  • WeissWeiss Posts: 9,942 ✭✭✭✭✭
    But if the process works in some way to stop resubmisions, you might expect a drop in revenue and corresponding decrease in share price.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    The stock trades on VERY little volume to begin with. A VERY thinly traded stock.

    Todays volume was only on average

    I would assume that todays news was already baked into the price and recent run up

    I'm somewhat surprised that the stock didn't sell off on the news.

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • chucknrachucknra Posts: 310

    I'm somewhat surprised that the stock didn't sell off on the news.

    MJ >>



    Totally agree! Especially the way the boards were full of discontent at the initial announcement.
    Save $$$ on many purchases to include EBAY and EBay Stores.

    Big Crumbs Link

    Mr Rebates Link

    EBates Link

    Chucknra@yahoo.com
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,608 ✭✭✭✭✭
    I worked late. I got home and read an email from our friend Walmann, only to see that he got banned.
    I haven't even sorted out what the announcement is yet, although PCGS did receive my last submission.

    I don't think I'll get any "plus" signs. image

    ``https://ebay.us/m/KxolR5

  • dbcoindbcoin Posts: 2,200 ✭✭
    Up a couple of bucks since the announcement was made.
  • ocon4008ocon4008 Posts: 1,703
    March 25 CLCT closed $10.38 / share; today's high $ 12.81 / share up $ 2.43 / share or 19% since the announcement. I am glad I got in earlier.image
  • UnknownUnknown
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  • ocon4008ocon4008 Posts: 1,703
    CLCT averages 20- 25K shares. March 11 was the biggest day in the last 3 months by far: 122K shares. Today they are approaching 57K shares; big day for CLCT. There are about 7.7 million shares on the market; only 0.3 % trade on average.
  • JulianJulian Posts: 3,370 ✭✭✭
    CLCT went up a bunch today, nearly $1.
    PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.
    I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.

    eBaystore
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>But if the process works in some way to stop resubmisions, you might expect a drop in revenue and corresponding decrease in share price. >>



    Ok with the fact that there are about 18 million coins already graded it will take a while for that to matter. Ooop forgot about all the ones that where done elswhere.
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • UnknownUnknown
    This content has been removed.
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭
    I went with B of A Feb 2009 3.95 now 18.13 and Dow Chemical Feb 7.16 now 30.99 and 'C' was 1.50 now 4.26 this was the only one that did not fire yet. image


    Hoard the keys.

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