$CLCT is the company in charge of PSA grading services and other sports memorabilia authentication.
Throughout COVID, the card market has done nothing but skyrocket. There is plenty of reason to thank stimulus checks, ample free time, and ample boredom: To drive impulse spending of the last $1200, some of which people put entirely into the "card hobby." Resulting from this, PSA auth services are BACKLOGGED, and it is trying to hire new authenticators... B/C THE DEMAND, now GREATLY EXCEEDS, the supply (of graders, in this case).
Collectors Universe should be a VERY STRONG LONG, and until the mania subsides in sports collectibles (**IF** it does, that is)...this stock is shaping up to be one of the major players in an alternative investment play of many (cards).
The sharp rise through COVID is now taking a turn sharper-still towards an uptick. It suggests there could be a parabolic gain by CLCT in the near future. The market on cards is only getting stronger, and many warn of a bubble. But that bubble also is one that might pop in the *very* distant future.
It has been ramping up with many other alternative investors (sneaker hawks in this case) moving in to capitalize on secondary market sales of retail products (by Panini, Topps, etc). Some retail products sell easily marked up over 400 to 500 percent, and anyone who leaves THAT on the shelf just does not like money! The fact it is now breaking out of a long-established channel to rise even higher is nothing but a great sign, and today's sideways action is leaving a golden entry for those who want in on this long...
LONG CLCT, and good luck!
-BDR
Throughout COVID, the card market has done nothing but skyrocket. There is plenty of reason to thank stimulus checks, ample free time, and ample boredom: To drive impulse spending of the last $1200, some of which people put entirely into the "card hobby." Resulting from this, PSA auth services are BACKLOGGED, and it is trying to hire new authenticators... B/C THE DEMAND, now GREATLY EXCEEDS, the supply (of graders, in this case).
Collectors Universe should be a VERY STRONG LONG, and until the mania subsides in sports collectibles (**IF** it does, that is)...this stock is shaping up to be one of the major players in an alternative investment play of many (cards).
The sharp rise through COVID is now taking a turn sharper-still towards an uptick. It suggests there could be a parabolic gain by CLCT in the near future. The market on cards is only getting stronger, and many warn of a bubble. But that bubble also is one that might pop in the *very* distant future.
It has been ramping up with many other alternative investors (sneaker hawks in this case) moving in to capitalize on secondary market sales of retail products (by Panini, Topps, etc). Some retail products sell easily marked up over 400 to 500 percent, and anyone who leaves THAT on the shelf just does not like money! The fact it is now breaking out of a long-established channel to rise even higher is nothing but a great sign, and today's sideways action is leaving a golden entry for those who want in on this long...
LONG CLCT, and good luck!
-BDR