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Thread: Coastal Hasn't opened for trading yet today

  1. #1
    Master OptiBoarder
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    Coastal Hasn't opened for trading yet today

    http://ca.moneycentral.msn.com/inves...?Symbol=CA:coa

    Interesting.......hmmmmmm

    Regards,
    Golfnorth

  2. #2
    Chemistrie Eyewear
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    Quote Originally Posted by Golfnorth View Post
    http://ca.moneycentral.msn.com/inves...?Symbol=CA:coa

    Interesting.......hmmmmmm

    Regards,
    Golfnorth
    It is a thinly traded stock. Low or no volume is not unusual.

  3. #3
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    Quote Originally Posted by Joe Zewe View Post
    It is a thinly traded stock. Low or no volume is not unusual.
    Thanks Joe. Never seen it not open for trading by this time of the day.

    Regards,
    Golfnorth

  4. #4
    Ophthalmic Optician
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    It's open now. Actually, it's off quite a bit for the month. Looks like the investors aren't fooled either.
    Ophthalmic Optician, Society to Advance Opticianry

  5. #5
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    Quote Originally Posted by Johns View Post
    It's open now. Actually, it's off quite a bit for the month. Looks like the investors aren't fooled either.
    You are quite right Johns. The stock has also broken through it's 200 day moving average which is bearish.

    Regards,
    Golfnorth

  6. #6
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    Book Value of Coastal Contacts is $1.01 per share.

    Regards,
    Golfnorth

  7. #7
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    Are you sure that is the book value per share?

    Some sites quote that number as the current ratio.

    http://ca.finance.yahoo.com/q/ks?s=COA.TO
    Last edited by idispense; 05-13-2013 at 03:13 PM.

  8. #8
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    Yes I am sure that the book value is $1.01.

    http://ca.moneycentral.msn.com/inves...ymbol=CA%3aCOA

  9. #9
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    Quote Originally Posted by idispense View Post
    Are you sure that is the book value per share?

    Some sites quote that number as the current ratio.

    http://ca.finance.yahoo.com/q/ks?s=COA.TO
    Actually when I look at your link the book value is .92 a share.
    I guess one site is more current in their numbers than the other.
    Don't know which is correct though.

  10. #10
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    What do you think the significance is of the book value ?

  11. #11
    Ophthalmic Optician
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    The book value is what I call the E-bay value. That is, it's what the stock would be worth if the company was liquidating. This means that unlike most stocks it would not be affected by the rumors, emotions and other variables that run the market. (Steve Jobs is ill? A new product is coming out? App problems?),
    Ophthalmic Optician, Society to Advance Opticianry

  12. #12
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    Quote Originally Posted by Johns View Post
    The book value is what I call the E-bay value. That is, it's what the stock would be worth if the company was liquidating. This means that unlike most stocks it would not be affected by the rumors, emotions and other variables that run the market. (Steve Jobs is ill? A new product is coming out? App problems?),

    So it is not particularly significant on its own unless the current ratio precluded a company to forward borrow ?

  13. #13
    Ophthalmic Optician
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    Quote Originally Posted by idispense View Post
    So it is not particularly significant on its own unless the current ratio precluded a company to forward borrow ?
    That's the way I see it.

    Anything is worth only what someone is willing to pay you for it. If Coastal's book value is $1.00 (It's pretty close to that) and you sell the stock for $5.50, what difference does the book value make?

    Look at the "book" value of an optical practice. Liquidate most any office, and you'll end up with about $15k - $30K. However, practices are sold everyday for tens, hundreds of thousands, and even millions of dollars.
    Ophthalmic Optician, Society to Advance Opticianry

  14. #14
    Manuf. Lens Surface Treatments
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    Redhot Jumper I just have a gut feeling that the guy's .......................................

    I never bothered with the stock market and invested only into my own companies when needed. Any positive results from these companies went into real estate and I was always ahead of the game. So I can not really give any valid input towards stockmarket problems.

    I just have a gut feeling that the guy's on top of the Coastal know what they are doing and are playing a calulatet risk. Their volume of sales is large, there no rumors of them not paying their bills, employees do not complain, heavy advertising is continous and not stopped because of non payments. Their websites have gone up in traffic by 3% over the last 3 month. Besides that they now have started to work with insurances and I would believe that this is not the end of it.

    Yesterday on my way home I saw that a fairly large opticians store had been closed after 25 years in a location that just recently had a WalMart moving in and enjoyed loads of new customer traffic.

  15. #15
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    Good points Chris, especially as the insurance business will expand boundaries further into regulated territories and continue to be ignored.

    It was interesting in another post on this board that someone said they would be concerned about onliner sales when their average sale reaches 600.00 .

    Talk about faulty thinking !!!

    I wonder what they think they will be able to do about it then ?

  16. #16
    Ophthalmic Optician
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    I would never put all my eggs in only two baskets. Businesses, stocks, real estate...the more legs a chair has, the better chance the chair has of keeping upright if some of the legs break.
    Ophthalmic Optician, Society to Advance Opticianry

  17. #17
    OptiWizard anthonyf1509's Avatar
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    Did you find out why the store closed, Chris? Just asking, because a store nearby us closed after 21 years. Turns out the owner had no one to sell too, or turn over too. He was ready to be out. So it's not always being undercut by online or a Walmart.

  18. #18
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    Quote Originally Posted by anthonyf1509 View Post
    Did you find out why the store closed, Chris? Just asking, because a store nearby us closed after 21 years. Turns out the owner had no one to sell too, or turn over too. He was ready to be out. So it's not always being undercut by online or a Walmart.
    Why did not you buy i?

  19. #19
    OptiWizard anthonyf1509's Avatar
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    He did eventually go My Eye Dr.

  20. #20
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    Redhot Jumper That is what my $ 500 an hour corporation lawyer said to me .........................

    Quote Originally Posted by Johns View Post

    I would never put all my eggs in only two baskets. Businesses, stocks, real estate...the more legs a chair has, the better chance the chair has of keeping upright if some of the legs break.

    That is what my $ 500 an hour corporation lawyer said to me, about 25 years ago, after he declared that he had thought about me under the shower that morning and nearly forgot to charge me for that time span.

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