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  #1  
Old 10-13-2020, 10:16 AM
Rich Klein Rich Klein is offline
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Default PSA Stock is Booming
Stock in Collectors Universe, the parent company of PSA, soared past $60 on Monday, a new 52-week high. It reached a peak of $64.04 before settling at $62.05 at the end of trading.

As late as mid-June, the stock was below $30. Over the last 52 weeks, it had been as low as $13.26. The company now has a market cap of $573.34 million.
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  #2  
Old 10-13-2020, 10:34 AM
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Good?
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  #3  
Old 10-13-2020, 10:40 AM
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Hmmm... very similar to Enron, before things went south.
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  #4  
Old 10-13-2020, 10:54 AM
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I was this close to buying some at $15 back in June. Now I wish that I had.
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  #5  
Old 10-13-2020, 11:10 AM
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Pricing power and a sustainable moat. Hard to come by.
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Looking for:

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  #6  
Old 10-13-2020, 11:42 AM
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Quote:
Originally Posted by bobbyw8469 View Post
I was this close to buying some at $15 back in June. Now I wish that I had.
How to use PSA to your advantage.
Buy 1000 @ $15 in June, sell 1000 @ $60 in Sept. Buy 1 E121 Ruth (throwing) in October.
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  #7  
Old 10-13-2020, 12:02 PM
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Quote:
Originally Posted by Casey2296 View Post
How to use PSA to your advantage.
Buy 1000 @ $15 in June, sell 1000 @ $60 in Sept. Buy 1 E121 Ruth (throwing) in October.
Graded by SGC no doubt!
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  #8  
Old 10-13-2020, 12:05 PM
jakebeckleyoldeagleeye jakebeckleyoldeagleeye is offline
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Originally Posted by Casey2296 View Post
How to use PSA to your advantage.
Buy 1000 @ $15 in June, sell 1000 @ $60 in Sept. Buy 1 E121 Ruth (throwing) in October.
Don't forget good old Uncle Sam!
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  #9  
Old 10-13-2020, 12:29 PM
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Originally Posted by perezfan View Post
Hmmm... very similar to Enron, before things went south.

..although it's highly doubtful that Collector's Universe is working in off balance sheet partnerships to create false profits. So not similar at all except for a jump in stock price.
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  #10  
Old 10-13-2020, 01:00 PM
Yoda Yoda is offline
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I hope, after the price run-up, they are considering selling a bit of treasury stock and hiring a few more experienced graders to deal with their ponderous backlog.
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  #11  
Old 10-13-2020, 01:43 PM
Throttlesteer Throttlesteer is offline
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What's the going rate for 8-month service levels now?
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  #12  
Old 10-13-2020, 02:16 PM
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I hope, after the price run-up, they are considering selling a bit of treasury stock and hiring a few more experienced graders to deal with their ponderous backlog.
Why mess with success?

As of right now, PSA has a double-secret back-log

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