Gamestop buying Collectors (PSA & SGC)?
 

This guy claims GameStop will soon have around $2.8 billion in liquidity, and suggests that all the recent publicity surrounding their partnership with PSA points to a possible acquisition in the near future.

https://youtube.com/shorts/A8C36HWJE...R1TigdBnmYPcQD

According to a Reddit thread (super reliable, I know), for a while yesterday the PSA website was redirecting to GameStop in the EU, whatever that might mean.

https://www.reddit.com/r/Superstonk/...amestop_in_eu/

Turner is a smart businessman. With Gaming Cards being the biggest driver with all the hype what better time for Collectors to Capitalize and sell high to GameStop.

I know very little about this but not sure in recent times there has been a publicly traded company with more controversy surrounding stock price and trades than Game Stop.

If this were to happen, CGC picks up what is left of Collectors for 3 cents on the dollar 2 years from now.

That would be something if you could walk into any game stop and get a card graded by PSA right there on the spot.

If failing at your core business while a YouTuber and Reddit make your stock symbol famous to the vast majority of the nation that can’t spell IRA to pump your market cap to insane levels which allow you to issue billions $$ in diluted shares and then buy a business model that actually works isn’t the quintessential modern America then I don’t know what is.

Quite the mouthful right there..............

Or Turner et al buy it back for a similarly hilarious markdown.

I wouldn't trust many of the GME bag holders views.

They can't even understand why a retail outlet with 3000 stores buying bitcoin doesn't drive the price of the stock up.

If they were a bank, yeah. If they were a investment institution, yeah. If it was a small part of their financial situation, yeah.

Continuously issuing convertible bonds in order to do things that don't involve those 3000 stores isn't exactly a business model until they expressly state they're reforming what GME actually does as a business.

Have you been to a gamestop? Them grading anything is a huge leap of faith, and I don't like PSA at all.

Graded by Mr. AI and his disciples, no doubt.

If there was a number less than zero, that would be the chance of this happening.

+1 . couldnt make it up and be believed.

Talk about a giant, incomprehensible run-on sentence..........

Proper grammar and punctuation are your friends; use them!

Steve

I understand neither absurdism nor sarcasm are universal languages, however translation tools are readily available.

The CEO announced they are expanding into the trading card market but it's not clear if that means just expanding their offerings or acquisitions as some suggested. https://www.gamespot.com/articles/ga.../1100-6532407/. They either have to evolve or go the way of Blockbuster so it will be interesting to see what they do.

the last time I went to the mall of america i stepped into gamestop. It was packed with people...and the store was packed with all kinds of collectibles in addition to "games." Unopened boxes of all kinds of modern cards...why not sell graded slabs. It was like walking into ebay!

Some do sell graded slabs in store, and a lot more online.

The recent Pokemon upswing as well as collectables in general has been one of the few bright spots for sales in their actual physical locations, more than games/software.

One of my former Beckett teammates now works for Gamestop (not sure exactly what position there) and said their involvement with cards has really helped their business

Would be apropos for a calling of the "top of the market"

Geoff Wilson apparently released a tidbit of info, which I'll paraphrase below:

I'm a super-duper important hobby blowhard who has Nat Turner on speed dial. I chatted with him - he's always willing to share top-secret information with me. After all, I'm...me. Anyways, he told me Game Stop is absolutely, positively not going to acquire PSA. I know, my good buddy Nat runs PSA and he's on the Board of Directors for Game Stop. Still, that wouldn't stop him from telling me everything. I'm a hard-hitting serious journalist, a hobby mega-influencer, and a close personal friend. I'm the best thing since Gary Veeeee. Hell, I'm more important than Louis TAINT! Who wouldn't want to keep me in the know?!?!?!?

Disclaimer: the preceding message was satire. It was meant to illustrate Geoff Wilson's self aggrandizing behavior, limited hobby knowledge, and general buffoonery.