Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Collectors Universe / PCGS stock (CLCT)
>
Reply to Thread
Message:
<p>[QUOTE="illini420, post: 2079094, member: 19423"]The stock is so thinly traded (low volume - typically less than 50k shares trade in a day) and the short interest is relatively high (but dropping), that it's hard to say what makes this stock move in the short run. The large dividend usually scares off those who are used to looking at larger companies as it looks as if the dividend isn't sustainable if you quickly glance at the financial statements. And that's probably the reason for a good portion of those with short positions in CLCT. However, in looking at the company's cash flows statement and the fact that they have been consistently paying the dividend for several years, I'm not worried about it getting paid. </p><p><br /></p><p>I sold off half of my position in November when the stock last topped $25/share... just seemed too rich. Was looking to buy it back around $19/share, but it hasn't gone down there yet... probably should have just bought at around $20/share last month, but we'll see <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 2079094, member: 19423"]The stock is so thinly traded (low volume - typically less than 50k shares trade in a day) and the short interest is relatively high (but dropping), that it's hard to say what makes this stock move in the short run. The large dividend usually scares off those who are used to looking at larger companies as it looks as if the dividend isn't sustainable if you quickly glance at the financial statements. And that's probably the reason for a good portion of those with short positions in CLCT. However, in looking at the company's cash flows statement and the fact that they have been consistently paying the dividend for several years, I'm not worried about it getting paid. I sold off half of my position in November when the stock last topped $25/share... just seemed too rich. Was looking to buy it back around $19/share, but it hasn't gone down there yet... probably should have just bought at around $20/share last month, but we'll see :)[/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
>
Collectors Universe / PCGS stock (CLCT)
>
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...