Collectors Universe releases fourth quarter and fiscal year end earnings today

[wondo]

Originally Posted by Johnny630

Now is the time to sell it...sell it quickly

Why?

[Johnny630]

Originally Posted by wondo

Why?

52 week high.....right now I believe that the hobby is largely ignoring the scandal...the us economy is doing very very well.....this might have 5%10% more on the upside. My belief is when this comes to full scale, the crippling amount of altered cards in their holders, along with the upcoming presidential political environment I see no reason to hold on to this at these levels. That’s just me...

[wondo]

Originally Posted by Johnny630

52 week high.....right now I believe that the hobby is largely ignoring the scandal...the us economy is doing very very well.....this might have 5%10% more on the upside. My belief is when this comes to full scale, the crippling amount of altered cards in their holders, along with the upcoming presidential political environment I see no reason to hold on to this at these levels. That’s just me...

Thank you for your pointed answer - refreshing. Personally, I don't believe the scandal will affect CLCT price significantly if at all. Demand continues to soar and revenues are increasing. The fact that the economy is robust and the political climate uncertain would lend itself to a potential pullback - kinda like "What goes up must come down" effect. However, that wouldn't single out a particular stock. CLCT's historical high was back in 2017, so the growth would not be unprecedented.

All that being said, if I would go out and buy some shares, I can pretty much guarantee the demise of the company. My track record is that good!!!

[barrysloate]

I've said this before and I will repeat: just because nothing is being done now, doesn't mean there won't be a day of reckoning in the future.

For how many years was the Sackler family touting that opioids were safe, effective, and non-addictive? I don't know, but I don't believe they are saying that any more.

The truth will come out in the end. We just don't know the end date.

[benjulmag]

Originally Posted by barrysloate

I've said this before and I will repeat: just because nothing is being done now, doesn't mean there won't be a day of reckoning in the future.

For how many years was the Sackler family touting that opioids were safe, effective, and non-addictive? I don't know, but I don't believe they are saying that any more.

The truth will come out in the end. We just don't know the end date.

Bingo!

When the emperor is walking around with no clothes on, eventually people notice.

[Aquarian Sports Cards]

Originally Posted by benjulmag

Bingo!

When the emperor is walking around with no clothes on, eventually people notice.

They're noticing now, they just still think the emperor is hot with no clothes. The question is how well will the emperor age?

[benjulmag]

Originally Posted by Aquarian Sports Cards

They're noticing now, they just still think the emperor is hot with no clothes. The question is how well will the emperor age?

The people who will need to notice are not the current holders of registry cards, but the future buyers. Once a viable new TPG company using current technology comes into being, which will be able to reliably expose the high percentage of altered slabbed cards, at that point IMO it will all come crashing down for PSA. But until that point, I don't disagree that absent some major civil litigation or high profile involvement by law enforcement, not much will change.

[benjulmag]

duplicate post