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I'm not offering investment advice but...
JOsborne
Posts: 115 ✭✭✭
the dividend yield on Collectors Universe (CLCT) stock is 10%.
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Don't chase yield.
Im a shareholder, but this is just one of many dividend stocks that I hold. Its about the long haul, not runs on the market. Almost have the look at it as a buying opportunity with upside potential in the stock and dividends to boot. I dont see coin/sports cards/paper money collecting falling off the planet anytime soon. That and a NEED for third party grading/authentication in all those markets.
Whoa, if I had won the powerball, I could have taken a majority stake in the company and bought a baseball team too.
CLCT is too thinly traded to even think about taking a majority stake. The big shareholders won't sell.
I have been thinking about it for awhile.
Me too.
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
Im a shareholder, but this is just one of many dividend stocks that I hold. Its about the long haul, not runs on the market. Almost have the look at it as a buying opportunity with upside potential in the stock and dividends to boot. I dont see coin/sports cards/paper money collecting falling off the planet anytime soon. That and a NEED for third party grading/authentication in all those markets.
No real upside in stock price.
Down 33% from 15 years ago.
Basically even at 5 and 10 year charts.
Factor in what is lost in price value due to inflation.
You do the math.
The only thing that "looks" appealing is the dividend %.
Not worth it in the long term.
JMHO.
``https://ebay.us/m/KxolR5
substantial dividend.....that didn't turn out so well, at least for me, and that was after
doing my own research on it. Of course, that's an entirely different business.
Historically, the highest yielding stocks do poorly in a rising interest rate environment. It is the dividend growers that build wealth, but one still has to very choosy by looking at the supply and demand of specific companies relative to peers and the overall market. You can't determine that by reading a research report.
PM me if you want to discuss further.
I am a shareholder and can say CLCT is definitely a thinly traded stock. I bought in at 14.80 a share. Should have sold when it was in the 17.50 range. If in fact it does make it back up in that range I will sell and wait for the dip to buy again. The dividend is nice but nothing to brag about. Today its up a bit but volume is really low. We shall see what goes on. If its like before it will go up right before dividend and then come back down after dividend. .
Even tho the dividend isn't calculated into the stock price like the NAV for a mutual fund, the market generally "prices" dividends and cash into the price of a stock and at some point the share price will be reduced by the amount of the dividend.
ugh.
bob
I am a shareholder and can say CLCT is definitely a thinly traded stock. I bought in at 14.80 a share. Should have sold when it was in the 17.50 range. If in fact it does make it back up in that range I will sell and wait for the dip to buy again. The dividend is nice but nothing to brag about. Today its up a bit but volume is really low. We shall see what goes on. If its like before it will go up right before dividend and then come back down after dividend. .
Even tho the dividend isn't calculated into the stock price like the NAV for a mutual fund, the market generally "prices" dividends and cash into the price of a stock and at some point the share price will be reduced by the amount of the dividend.
That is known as trading "ex-dividend".
CLCT chart
I hope you are not offering investment advice because the CLCT stock price has fallen 34% from a year ago!
Don't chase yield.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.