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TheStreet Open House

Collectors Universe, Inc. CEO Discusses Q4 2011 Results - Earnings Call Transcript

Collectors Universe, Inc. (CLCT)

Q4 2011 Earnings Conference Call

August 26, 2011 4:15 pm ET

Executives

Michael J. McConnell – Chief Executive Officer & Director

Joseph J. Wallace – Chief Financial Officer

Presentation

Good afternoon everyone and thank you for joining us to discuss Collectors Universe Financial Results for the Fourth Quarter ended June 30, 2011. With us today from management are Michael McConnell, Chief Executive Officer, and Joe Wallace, Chief Financial Officer. Management will provide a brief overview of the quarter and then open the call up to your questions.

Comments made during today’s call may contain statements regarding the company’s expectations about its future financial performance including forecasts and statements concerning business trends and profitability that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.

The company’s actual results in the future may differ, possibly materially, from those forecasted in this call due to a number of risks and uncertainties. Certain of these risks and uncertainties, in addition to the other risks are more fully described in the company’s filings with the Securities and Exchange Commission.

The forward-looking statements are made only as of the date of today’s conference call and the company undertakes no obligation to update or revise the forward-looking statements whether as a result of new information, future events or otherwise.

With that I would now like to turn the call over to Michael McConnell. Michael?

Michael J. McConnell

Thank you, and good afternoon and thank you for all of you attending our conference call today. A little over two years ago the management and board developed a strategy in operating plan that we believe would restore value for our shareholders. That plan focused on three key elements. The first was to focus on our core business and pursue top line growth through internal, prudent from a cost perspective growth initiatives. The second was to improve the operating efficiency of our operations. And the third was to deal aggressively and proactively with our non-core businesses and legacy assets and liabilities. Thus far that plan is working well.

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