CLCT closed over the $30 mark
Stooge
Posts: 4,675 ✭✭✭✭✭
I bought some CLCT (Collectors Universe) stock about 2+yrs ago at a whopping $15.54 a share so I could reap the rewards of the quarterly dividend ($0.35 a share), and it has quietly skyrocketed into the $30+ dollar mark closing today at $30.05.
Kinda wondering now if it'll pass the all time mark of $37.71 on 02/01/00, although it didn't close at that price.
Any thoughts...
Later, Paul.
6
Comments
I just got my first shares on Monday and I'm happy. I'm not thinking like FTB. I'm bullish on CLCT and have been in the past as well.
bob
But but wait! Aren't we all supposed to be buying Bitcoin?
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
seems like a suitable thread for a certain former member to test out the latest alt
I thought about buying when it was at $14. I did not. Mistake!
I thought life was all about CAC stock.
Great transactions with oih82w8, JasonGaming, Moose1913.
No, buy Ethereum! LOL..
Congrats to all CLCT investors!
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
I'm a happy camper since this stock has been a big winner for me.
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
There are a ton of stocks that have doubled over the past 30 months. But this does give credence to invest in what you know or are comfortable with. Congrats! Great move
m
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......
Nearly doubled the price of silver.
``https://ebay.us/m/KxolR5
I hadn't checked lately. Up 50% this year and a 5% yield to boot. Nicely done Stooge.
A good thing, but hard to figure since the dividend has been causing the company to cannablize it’s cash position for quite some time.
Nice to see this.... indicates the health of numismatics may not be as bad as some of the doomsayers fear. Cheers, RickO
Anything is possible in this stock market environment with Bitcoin and other crazy hyperbolic stock moves. Is this like 1999 all over again with the dot.com bubble?
.
Very nice! Great to hear our hosts hard work is paying off. Pondered buying some a few times, just never smart enough to pull the trigger. Congrats to those who did.
Dave
Bought small a couple of times. Under $10 for a few hundred shares. Have held, and DRIPped, ever since....about 4 years I think.
Every little bit helps.
I used to view the dividends as offsetting my yearly membership fee
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
5 months later and here's your chance at the low $14's again. I will get back in I'm just not sure at what price I'll pull the trigger.
I should have sold it when it hit the $30 mark. I thought it might go a bit higher though.
Later, Paul.
You know the old adage about bulls, bears...a tough lesson to learn.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Stay put @Stooge because I believe in this company
Who else better than our host in the market place? If anything I would go with "dollar averaging" continue putting your money in through up & down
CLCT has been struggling around $14-15 since they drastically reduced their dividend. The P/E at that price is about right. It is going to be a long time before it ever sees $30 again, maybe decades. As they say, buy high sell low and sorry for the bad news. The time to buy individual stocks is in a market crash or for an IPO for a company that can't miss - go against the grain, not when stocks are in a state of rise from irrational exuberance. There is not an established stock I would buy right now given the overpriced market - it is a recipe to lose money. I am waiting for the next crash.
Best, SH
I am glad I exited at around $28. Lucky timing for me. Without the big dividend, I think the air is out of this stock. Dead money if you buy in now IMO.
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
Closed at $21.04 and I got in at $15.54. Thinking of selling.
Any thoughts...???
Later, Paul.
Your choice but remember most pigs end up getting slaughtered. Maybe sell enough to get your money back and ride the wave with the rest.
it's crackers to slip a rozzer the dropsy in snide
What are the fundamentals?
How are all parts of the company doing ... not just coin slabbing?
How safe is the current dividend?
I think the underlying business model is not sustainable. I would bail in a heart beat. What do you think the likelihood of increased revenue from submissions will be in the future? There are three possible scenarios:
I don't know how the other subsidiary companies are doing, but I imagine that those companies are built on the same business model as well.
Corporation.
Coin side did go up, so it didn’t put a drag in the overall results, but it’s the other faces of the corporation that’s producing, too, if not more so.
“The revenue increase in the quarter was comprised of a $1.3 million, or 24%, increase in cards and autographs revenues and a $0.9 million, or 10%, increase in US coin revenues. The cards and autographs revenues in the quarter represented a quarterly record for that business. Total coin revenues, which is inclusive of the overseas coin operations, increased by 7%, in the quarter.”
Pretty steep drop today, nearly 10%.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Keep in mind that the majority of coin submissions to PCGS and other established TPG's are the endless train of moderns for mostly MS70 and MS69 grades. Anything older from the US, that many of us collect here and where we discuss the current strict grading standards, are now just a very minor part of the buisness model. So if fewer and fewer old coins get submitted, probably won't affect them. And now they are going into world coins harder which seems like a near endless amount of future submissions for the next few decades. There is a whole world out there to tap into after all.
Best, SH
PS, Consider the looming recession that may start end of this year. Taking a 30 to 40% profit now on CLCT would be not a bad thing. You can always buy it again after the recession when the price, like all other stocks, will be much lower.
Best, SH