clct?
BruceinGa
Posts: 270 ✭✭
Its been down for a few days. Is it time to buy?
0
BruceinGa
Posts: 270 ✭✭
Comments
losing ground running up to the Ex-Dvidend date.
<< <i>Buy before the market closes today to get the dividend (15 minutes from now as I type). The stock has a history of
losing ground running up to the Ex-Dvidend date. >>
My system is showing it is trading ex dividend already. The dividend was $0.325 and was taken out today. If you check Yahoo it is down $0.25 but with the dividend taking into account is up $0.08.
I have Thomson One quotes and it shows it up the $0.08 and shows XD next to the quote.
My bad. I'm not a dividend investor (I guess it shows) and I'm not in CLCT for the dividend although it does add up over time.
Entry into Russell Indexes now in question. If price stays at this level, I would say will not gain entry
If you were considering buying yesterday now is a good time.
$18.64 currently.
Doug
Liquidating my collection for the 3rd and final time. Time for others to enjoy what I have enjoyed over the last several decades. Money could be put to better use.
<< <i>Just pulled the trigger! >>
Good for you. The yield is 6.95% at the current price.
Hopefully you make some money.
9:34 - $11.66
9:45 - $18.06
Doug
Liquidating my collection for the 3rd and final time. Time for others to enjoy what I have enjoyed over the last several decades. Money could be put to better use.
<< <i>Some insane intra day volatility. My heart was racing in the first 30 minutes of trading. >>
Dave ... probably along with millions of other people. LOL
Doug
Liquidating my collection for the 3rd and final time. Time for others to enjoy what I have enjoyed over the last several decades. Money could be put to better use.
do Stop loss orders. Someone, somewhere got taken out at 11.80 and when they see their next statement they will probably be sick.
To those thiinking of jumping in, please proceed with caution and I am not talking about CLCT only, but the entire market right now. Jim Cramer who is always a rah-rah stock market guy said a couple weeks ago this looks like more than just a dip to him. If even HE is being cautious I'm being careful.
i gotta ploc w/ a zero balance that's just dying to be spent on some more cheap/hi grade material simply from lemmings panicking.
^ fins up!
Doug
Liquidating my collection for the 3rd and final time. Time for others to enjoy what I have enjoyed over the last several decades. Money could be put to better use.
Collectors Universe Reports Financial Results for Fiscal 2016
NEWPORT BEACH, Calif., Aug. 30, 2016 (GLOBE NEWSWIRE) -- Collectors Universe, Inc. (NASDAQ:CLCT), a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, today announced financial results for its fourth quarter and fiscal year 2016.
Operational and Financial Highlights:
-- Service revenues in the fourth quarter increased by 7% to $16.4 million,
from $15.2 million in last year's fourth quarter, and comprised increases
of 15% for cards and autographs and 5% for coins. The 15% increase in
cards and autographs services revenues to $4.3 million, represented
record quarterly revenues for that business. The 5% increase in coin
service revenues to $10.7 million was driven by increases in revenues
from our overseas operations.
-- In fiscal year 2016, service revenues were essentially flat at $60.9
million as compared to $61.6 million in fiscal 2015. We generated record
second half service revenues in fiscal 2016, which increased by $2.4
million, or 8%, as compared to the second half of fiscal 2015. That
second half increase was driven by a 12% increase in cards and autographs
service revenues and a 7% increase in coins service revenues.
-- Our overseas operations generated record fourth quarter and fiscal 2016
services revenues, which increased by 42% and 23% as compared to the
same respective periods of fiscal 2015. Our China operations generated
increases of 26% and 46% in the fourth quarter and fiscal 2016 as
compared to the same respective periods of fiscal 2015. Revenues
generated by our overseas operations represented 10% and 8% of total
service revenues in the fourth quarter and fiscal 2016, respectively.
-- The services gross profit margin was 61% and 63% in the fourth quarter
and fiscal 2016 as compared to 59% and 63% in the corresponding periods
of fiscal 2015. Fiscal 2016 benefited from a $0.7 million reduction in
our warranty expense based on an analysis of our warranty reserve
requirements.
-- Operating income increased to $3.1 million and to $12.4 million in the
fourth quarter and fiscal 2016 from $2.8 million and $12.1 million in the
same corresponding periods of the prior fiscal year. Operating results
in the fourth quarter and fiscal 2016 include our continued investment in
the Collectors.com search tool, which we brought to market in September
2015.
-- Income from continuing operations totaled $1.9 million, or $0.23 per
diluted share, and $7.6 million, or $0.89 per diluted share in the fourth
quarter and fiscal 2016, as compared to $1.8 million, or $0.21 per
diluted share, and $7.4 million, or $0.87 per diluted share in the
corresponding periods of the prior year.
-- The Company's cash position as of June 30, 2016 was $12.0 million as
compared to $17.3 million as of June 30, 2015. We used net cash of $5.3
million in fiscal 2016, as the $9.2 million of cash generated by
continuing operations was more than offset by our use of $12.0 million to
pay dividends to stockholders and $2.1 million used for capital
expenditures.
-- On August 26, 2016, we paid our first quarter 2017 cash dividend of $0.35
per share.
Commentary and Outlook
Robert Deuster, Chief Executive Officer, stated, "We are very pleased with the momentum our businesses experienced during the second half of fiscal year 2016. It reflected stronger share gains in the modern US coin grading market and continued growth in our sports grading business. During the year we also saw the investments we made in the mainland China market yield a 46% year over year revenue increase. We continue to make progress in making our PCGS brand recognized as the leading brand for coin authentication and grading in China. We have attracted a major distributor of Chinese modern coins and dealers of vintage coins and currency, as customers.
"Also, the Collectors.com search engine was introduced last year which now provides collectors with the most comprehensive tool for finding collectibles offered for sale. It now lists 66 million items worth $2.6 billion in value.
"Looking forward, our general business outlook for FY 2017 remains positive for both the US and Asian markets."