This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Collectors Universe CEO Discusses F1Q2012 Results - Earnings Call Transcript

Quarter on quarter revenue grew a healthy 23% and operating profit increased by approximately 36%. Our bulk/modern business and world coin submissions continue to lead the company and led the company’s growth in this quarter. A few items or areas of note. Number one, our Paris operation has started the year strongly. Our most recent show several weeks ago beat our budgeted revenues by approximately 50%.

The momentum among the European dealer community appears to be building and we will continue to report to you on our progress in this initiative. Number two, our integration of the Coinflation acquisition that was concluded in mid-September has gone well. You will note our commentary in the 10-Q and can extrapolate a run rate revenue of approximately $35,000 per month. Please understand it is early days and this revenue figure can be volatile often on a day-to-day basis, but the acquisition is currently meeting our expectations.

Moreover, we are beginning to pollinate our other web activities and presence with learnings from Alex [ph] to better fit our overall Collectors Universe digital activities. Number three, you will note our capital expenditure dollars are up in percentage terms considerably from the last several years.

There are two reasons for this. First, we are upgrading for the first time in a long time our basic hardware at the company; computers, computer screens, printers etcetera. Second, we are upgrading for the first time in nearly 10 years our core – significantly upgrading our core financial software package. This, of course, requires both hardware and external software resources.

This financial software package upgrade is scheduled to go live shortly and it was both necessary and at the same time, we expect it to improve our productivity, analytical tools and overall efficiency. This, of course, will not recur again for some time.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.65 -0.66%
FB $101.93 0.92%
GOOG $681.92 -0.32%
TSLA $150.47 4.73%
YHOO $26.75 -1.30%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs