I've been following the stock of PCGS's parent company Collector's Universe (ticker symbol CLCT), its recently taken a nosedive due to decreased earnings and a dividend cut sending it down to near 2016 level prices. I decided to purchase some shares today, anyone else think its a good investment at the moment?
In the long run probably though there will certainly be other stocks that will do better, of course a lot of those are also more expensive per share.
It's big problem is that they cut the dividend which drove out most/all of the hedgefunds type buyers when they cut it. Combine that with how other stocks are flourishing and it's easy to see why they have stayed away. That said at some point we will enter a more cautionary stock investment period/downturn where the dividend will be much more attractive and could see it do very well during those safer style investment times as the dividend is still pretty good
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