Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
CLCT (PCGS stock) Has really taken a hit!
>
Reply to Thread
Message:
<p>[QUOTE="Juan Blanco, post: 1575146, member: 41665"]Yes, excellent info - thank you desertgem! A few comments on particulars from the transcript (& looking at SEC filings) :</p><p><br /></p><p>From the transcript: </p><p><br /></p><p><br /></p><p>Their business is mostly coin grading, and other collectibles are dumping = the collectible market is weakening considerably! </p><p><br /></p><p><br /></p><p>To the contrary, the WGC just suggested that falling price led to increased global demand - ex-USA. Something different is happening to our mkt. </p><p><br /></p><p><br /></p><p><br /></p><p>Are they scaling back the 'coin operating expenses' from $11 mln ( 2011) to $10 mln or something more dramatic? </p><p><a href="http://clct.client.shareholder.com/sec.cfm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://clct.client.shareholder.com/sec.cfm" rel="nofollow">http://clct.client.shareholder.com/sec.cfm</a></p><p><br /></p><p>CFO Joseph Wallace:</p><p><br /></p><p><br /></p><p>I wonder how long they anticipate this trend, beyond several quarters (obviously.) Oh well, dismal for current investors but for future collectors<i> it's sweeter buying opps in 2013. </i> I've been saying it for awhile now; numismatic value is dropping and 'better deals are ahead!'[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1575146, member: 41665"]Yes, excellent info - thank you desertgem! A few comments on particulars from the transcript (& looking at SEC filings) : From the transcript: Their business is mostly coin grading, and other collectibles are dumping = the collectible market is weakening considerably! To the contrary, the WGC just suggested that falling price led to increased global demand - ex-USA. Something different is happening to our mkt. Are they scaling back the 'coin operating expenses' from $11 mln ( 2011) to $10 mln or something more dramatic? [URL]http://clct.client.shareholder.com/sec.cfm[/URL] CFO Joseph Wallace: I wonder how long they anticipate this trend, beyond several quarters (obviously.) Oh well, dismal for current investors but for future collectors[I] it's sweeter buying opps in 2013. [/I] I've been saying it for awhile now; numismatic value is dropping and 'better deals are ahead!'[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
CLCT (PCGS stock) Has really taken a hit!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...