View Full Version : OT: Shareholders?
SetBuilder
06-01-2012, 05:57 PM
Who owns shares of PSA (Collector's Universe)?
Stock seems cheap at this level. Only $107 million valuation with $20 mil in cash and no debt.
egbeachley
06-01-2012, 06:07 PM
3-4 years ago they almost went bankrupt. Stopped dividends, had to record a special tax liability, sold off assets, etc. What saved them was increased coin submissions from the increase in the price of gold and silver. Things change. They got better.....they may get worse.
Ronnie73
06-03-2012, 03:56 AM
I bought 1000 shares at their opening price of $6 each if I remember correctly and quickly sold them when the stock hit $10 for a quick $4000 profit. Haven't bought any of their stock since.
RichR
06-03-2012, 05:08 AM
Eric,
They had so much cash on the balance sheet that they were never even close to going into bankruptcy. They did make a disastrous foray into the diamond/gemstone business though but since new management has arrived I think they have a much better plan of business operation.
SetBuilder
06-03-2012, 05:30 PM
I love that it's paying a 9.5% dividend.
We should do a Net54 corporate raid on PSA, Gordon Gekko style :p
The business will be in good hands!
Whatever the price, would you invest in the Devil's slave labor brothel? Same thing.
I apologize. I may have understated that. Change it to Devi's brothel and meth lab.
Oh, wait. I thought were were talking about SGC. My bad.