Blackstone acquires CCG - Net54baseball.com Forums

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07-01-2021, 05:38 PM

Peter_Spaeth Peter_Spaeth is offline

Peter Spaeth

Member

Join Date: Apr 2009

Posts: 33,663

Quote:

Originally Posted by mechanicalman

Jay, I hear you. I was very surprised by the $500mm valuation. My guess is that their comic and currency/coin business is the driver of valuation. But there’s so much PE money out there right now - I wouldn’t be surprised if they paid a heavy premium.

I don't know the profit margins on the coin grading side, but TONS of brand new coins get sent in to NGC for grading.

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Last edited by Peter_Spaeth; 07-01-2021 at 05:38 PM.

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