Quote:
Originally Posted by Peter_Spaeth
Just as the stock market moves or not in response to new information, this market either will or won't respond as it collectively deems the new information important. Nobody is coerced here, it's the aggregate of thousands of individual decisions. We'll see. Given the low entry barriers, theory at least would dictate that if there is a significant opportunity for a new grader, someone will make a go for it.
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Unless they can offer a better alternative to the PSA registry, it would be foolish for a new grading company to start up. The registry is what drives everything.