You may have noticed. Investing in companies that make missiles — and the ships, aircraft and ...
01/22/2015 7:00 am EST
Our favorite investment idea for the coming year is the leading authority on the authentication and grading of rare coins, baseball cards, and sports memorabilia, suggests Jimmy Mengel, editor The Crow's Nest.
Collector’s Universe (CLCT) is run by the world-famous authority on rare coins, David Hall. If you are into rare coins in any serious capacity, I'm sure you've heard of him.
They've graded around 20 million collectables, estimated at around $1 billion in value. Its Q1 2015 results just came out and they were nothing short of stellar. It was yet another record quarter for the company.
I continue to scoop up shares on price dips because this stock could hit $30 in the year ahead. But even if it stayed flat, I just love it as a way to park my money in a company that I understand, enjoy, and support.
How can you go wrong with an under-the-radar growth stock that returns a whopping 6.1% dividend?
They are still growing and are currently expanding into the Chinese market, where counterfeiting is a way of life and coin collecting is extremely popular.
I spoke with David Hall upon his return from Shanghai, and the level of enthusiasm for Collector's Universe was off the charts: “The only thing that concerns me is how vibrant and excited the Chinese are about coins, far more so than the US.” I believe this one has plenty of room to grow.
Related Articles on STOCKS
Specialty miner Hi-Crush Partners LP (HCLP) pulled back after announcing fourth-quarter earnings ear...
Join Ken Calhoun each week for a new episode of Breakout Chart of the Week for stock swing traders a...
Diebold Nixdorf (DBD) is a leading global technology company, providing businesses in the financial ...