I must admit I'm usually leary about stocks that payout more than they have earned, but it's clear that they are quite profitable this year and will probably earn more than the dividend this year, even after the payout increase....just think, that would have been @ a 30% payout on the low a little over a year ago....that could pay for quite a few coins. Congrats to shareholders and PCGS are definitley in order.
When we look bck at the market meltdown in hindsight, instead of being a time of ultimate panic and despair and I certainly was not immune, it really looks like it was an opportunity of a lifetime to accumulate stocks.....that is of course, if anyone had any money
is this why it mysteriously went from $10 to $12 recently?
sweet div.
and those complaining about the stock price.... as can been seen, this is an "income" (from dividends) stock, not a "growth" stock (from the stock price). Maybe some of you are under water on it, but it is an income stock and those are the breaks.
Although, I'm sure they'd consider growth possibilities as the right ones come along.
such as hiring chinese counterfeiters as counterfeit detectors! (shhhhh. it's a closely guarded secret. I'm expecting my $1,000 any time.)
I have not looked at the financials. How does their cash flow statement look? Where is all of this cash coming from?
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)
CU did regain it's profitability after disposing and selling their money loosing ventures (Diamond Certification & Currency) I hope management has learned their lessons and stick with what they know best. For me personally, the dividend rate of $1.20 per share, amount to an annual return of 42% on my investment.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
an "income" stock has no income, and without growth it then becomes dead money as an investment. >>
Yup..nothing like displaying dated information. Suggest you go to the CU website & bring up some more recent info & not last years. I heard the same rubbish when the stock was below $3 a share.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>Yup..nothing like displaying dated information. Suggest you go to the CU website & bring up some more recent info & not last years. I heard the same rubbish when the stock was below $3 a share. >>
I'm not bashing them, but they have had net cash outflows for a few years now. They had ~$65mil 4 fiscal years ago, and ~$19mil at the end of the most recent quarter.
""It is what it is.""
They're not broke, but it is "scary" especially with such a sweet 10% dividend to protect.
According to the PCGS home page on the upper right where they show number of coins certified, it seems that number has jumped significantly since the last time it was updated. About 500,000 higher.
Coin volumes appear to be very strong. I don't know about the rest of the company, but it appears that earnings will be very good this past quarter. The Board of Directors would not increase the dividend where that not the case.
Comments
When we look bck at the market meltdown in hindsight, instead of being a time of ultimate panic and despair and I certainly was not immune, it really looks like it was an opportunity of a lifetime to accumulate stocks.....that is of course, if anyone had any money
is this why it mysteriously went from $10 to $12 recently?
sweet div.
and those complaining about the stock price.... as can been seen, this is an "income" (from dividends) stock, not a "growth" stock (from the stock price). Maybe some of you are under water on it, but it is an income stock and those are the breaks.
Although, I'm sure they'd consider growth possibilities as the right ones come along.
such as hiring chinese counterfeiters as counterfeit detectors!
(shhhhh. it's a closely guarded secret. I'm expecting my $1,000 any time.)
<< <i>I must admit I'm usually leary about stocks that payout more than they have earned..... >>
they do need to protect that dividend....
<< <i>
<< <i>I must admit I'm usually leary about stocks that payout more than they have earned..... >>
they do need to protect that dividend.... >>
without the dividend ...
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)
My #1 Low Ball Peace Dollar Set
<< <i>I have not looked at the financials. How does their cash flow statement look? Where is all of this cash coming from? >>
scary
without the dividend....
an "income" stock has no income, and without growth it then becomes dead money as an investment.
<< <i>
<< <i>I have not looked at the financials. How does their cash flow statement look? Where is all of this cash coming from? >>
scary
without the dividend....
an "income" stock has no income, and without growth it then becomes dead money as an investment. >>
Yup..nothing like displaying dated information. Suggest you go to the CU website & bring up some more recent info & not last years. I heard the same rubbish when the stock was below $3 a share.
(Pun Intended)
<< <i>Yup..nothing like displaying dated information. Suggest you go to the CU website & bring up some more recent info & not last years. I heard the same rubbish when the stock was below $3 a share. >>
10-4 señor.
here is the more recent quarterly info
the last 2 Q's they still had net cash outflows.
I'm not bashing them, but they have had net cash outflows for a few years now. They had ~$65mil 4 fiscal years ago, and ~$19mil at the end of the most recent quarter.
""It is what it is.""
They're not broke, but it is "scary" especially with such a sweet 10% dividend to protect.
Coin volumes appear to be very strong. I don't know about the rest of the company, but it appears that earnings will be very good this past quarter. The Board of Directors would not increase the dividend where that not the case.
The Big One has had an effect already.