ValMan

The Bull Case on Collectors Universe (CLCT, EBAY)

Great question David. Collector’s ASP’s have actually risen steadily over the past several years. The reason that they dropped in Q1 was due to a program called “first strike

The Bull Case on Collectors Universe (CLCT, EBAY)

Collectors is not a proxy for Ebay’s overall business, for example US vs. International or categories outside of coins, autographs, stamps and cards. However Collectors, like eBay, is an excellent play on the overall shift to online commerce and trading where there is a greater need for Collectors third party authentication services. To give you a sense currently on eBay there are 7,651 PCGS (Collectors brand name in coins) graded coins, which represents only 11% of the 68,011 coins now on eBay. What is impressive is that last year at this time roughly only 7% of eBay's coins were graded by PCGS. I expect Collectors to continue to further penetrate the eBay market, which is a proxy for Collectors growth in overall internet based transactions.

Is the New IAC (IACI) Really an Internet Company?

Great Point....Collectors currently generates rougly $150k a quarter in internet ads and beieve that will grow significantly over time given that the site enjoys 10 million page views a month. Collectors recently made a small purchase of a web site called coinfacts.com that will enable them to grow even faster in online ad sales