Collector's Universe trading at close to a one year low...Why and would now be a good time to buy?

Comments

• 291fifth Posts: 24,880 ✭✭✭✭✭

  July 31, 2006 3:26AM

  What you need to know is why it is trading at close to a one year low. (I don't know the answer.)

  All glory is fleeting.

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• RBinTex Posts: 4,328 ✭

  July 31, 2006 3:27AM

  The time to buy (obviously) was when HRH said to - at the Aug. '03 Baltimore registry luncheon when CLCT was selling "below melt" at around $3/sh.
  
  I hope they reach the threshold required for options to be traded on their stock. Then things would REALLY get wild.
  
  What is their "melt" now anyways? Adrian, you've got more money than God. Can't you buy controlling interest?
  
  3-Year Chart - if I did it right

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• Barry Posts: 10,100 ✭✭✭

  July 31, 2006 3:29AM

  I'll pass. Too thinly traded for my tastes.

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• PhillyJoe Posts: 2,715 ✭✭✭✭

  July 31, 2006 3:42AM

  This stock sure looked like a winner in the spring of 2003 when it was trading for $2 a share. I remember several threads discussing it. Two years later it was at $20. Nice move for those that acted.
  
  Joe

  The Philadelphia Mint: making coins since 1792. We make money by making money. Now in our 225th year thanks to no competition.

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• RYK Posts: 35,800 ✭✭✭✭✭

  July 31, 2006 3:46AM

  I have been following it closely for the last year or so and have had several profitable roundtrips on the long side (even managed to score the first dividend ). I am currently long for a trade.

  My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132

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• michael Posts: 9,524 ✭✭✭

  July 31, 2006 3:56AM

  buy!!

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• Tarmac Posts: 394 ✭

  July 31, 2006 4:00AM

  Well, somebody believes in them to the tune of $36 million in stock sales which was infused last year. But earnings look scarce with them being down 25%.
  
  Tons of more interesting and less risky investments out there. Look at suburban commercial strip malls, direct or indirect ownership.

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• Longacre Posts: 16,717 ✭✭✭

  July 31, 2006 4:05AM

  I'm in for a few million. I didn't realize it was so low.

  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)

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• BECOKA Posts: 16,961 ✭✭✭

  July 31, 2006 4:05AM

  The problem is for stock to go up they have to show reasonably that they can continue to grow revenue. Without branching out into other markets at some point you have to say how many more slabs can they process in one year. They are probably getting close to the max with little room for growth. (i.e. there are only so many collectors and investors of metal) Also there are only so many rare coins to be graded.
  
  That said, there is a reason the stock is low. When they start to show on paper growth opportunies for the future then the stock will start to go up. It is not enough to make the same amount of money year after year, that is when stock does not budge.

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• TwoSides2aCoin Posts: 44,731 ✭✭✭✭✭

  July 31, 2006 4:06AM

  many american companies are ripe.
  this is one !
  they are well diversified... it isn't just coins, and cards. Diamonds are big STONES

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

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