Did the tweet say PSA or Collectors Universe? If it's the coin division it makes sense. If PSA only, it doesn't.
According to their 10-Q released last month, the submitted units from the PSA divisions for the last 2 quarters was 646,400 units, a 2% increase from the 634,800 units last year. But a lot lower than the 683,200 units the year before.
BTW, revenue also increased 2% in the same period. However, the declared value of the cards increased 15% from $44.8 million to $51.7 million so they must be heavily discounting their fees in order to keep the volume up. But at the same time their operating income (before unallocated expenses) dropped 13% from $600K to $521K which indicates costs are rising at a much higher rate than revenue.
So, if PSA only, they are probably expecting submittals to rise substantially going forward to cover the additional costs. That's possible if they have heard many collectors have avoided grading based upon nervousness of shipping their cards.
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