NonSports Forum

Net54baseball.com
Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you write anything concerning a person or company your full name needs to be in your post or obtainable from it. . Contact the moderator at leon@net54baseball.com should you have any questions or concerns. When you click on links to eBay on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Enjoy!
Net54baseball.com
Net54baseball.com
ebay GSB
T206s on eBay
Babe Ruth Cards on eBay
t206 Ty Cobb on eBay
Ty Cobb Cards on eBay
Lou Gehrig Cards on eBay
Baseball T201-T217 on eBay
Baseball E90-E107 on eBay
T205 Cards on eBay
Baseball Postcards on eBay
Goudey Cards on eBay
Baseball Memorabilia on eBay
Baseball Exhibit Cards on eBay
Baseball Strip Cards on eBay
Baseball Baking Cards on eBay
Sporting News Cards on eBay
Play Ball Cards on eBay
Joe DiMaggio Cards on eBay
Mickey Mantle Cards on eBay
Bowman 1951-1955 on eBay
Football Cards on eBay

Go Back   Net54baseball.com Forums > Net54baseball Main Forum - WWII & Older Baseball Cards > Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions

Reply
 
Thread Tools Display Modes
  #1  
Old 04-28-2023, 08:44 AM
glynparson's Avatar
glynparson glynparson is offline
Glyn Parson
Member
 
Join Date: May 2009
Location: Blandon PA
Posts: 2,185
Default

Layoffs coupled with the news of them getting stuck with defaulted loans were the collateral is worth 1/10 to 1/2 of what it was when the loan was written. Does not seem like good news to me. I don’t get why some are always so quick to defend some of the people they do, it mystifies me. As for sports card radio please show me all these times they’ve been wrong about the hobby? I think they sometimes are jerks about how they say stuff and there politics are absurd but they tend to be on top of the hobby and what’s going on. I must admit I was shocked at how good KG was on the show last night.
Reply With Quote
  #2  
Old 04-28-2023, 09:01 AM
Johnny630 Johnny630 is offline
Johnny MaZilli
Member
 
Join Date: Nov 2015
Posts: 4,337
Default

Quote:
Originally Posted by glynparson View Post
Layoffs coupled with the news of them getting stuck with defaulted loans were the collateral is worth 1/10 to 1/2 of what it was when the loan was written. Does not seem like good news to me. I don’t get why some are always so quick to defend some of the people they do, it mystifies me. As for sports card radio please show me all these times they’ve been wrong about the hobby? I think they sometimes are jerks about how they say stuff and there politics are absurd but they tend to be on top of the hobby and what’s going on. I must admit I was shocked at how good KG was on the show last night.
Agree Glyn
Reply With Quote
  #3  
Old 04-28-2023, 11:03 AM
Rhotchkiss's Avatar
Rhotchkiss Rhotchkiss is offline
Member
 
Join Date: Dec 2016
Posts: 4,587
Default

Quote:
Originally Posted by glynparson View Post
I don’t get why some are always so quick to defend some of the people they do, it mystifies me.
I am not sure if this is directed at my post, but if so, I am not defending PWCC. Rather, I am pointing out that layoffs don’t always mean the sky is falling. PWCC plays zero factor/role in my life/collection.
Reply With Quote
  #4  
Old 04-28-2023, 11:35 AM
trambo's Avatar
trambo trambo is offline
Troy Rambo
Member
 
Join Date: Aug 2018
Location: Ohio
Posts: 634
Default

Quote:
Originally Posted by glynparson View Post
Layoffs coupled with the news of them getting stuck with defaulted loans were the collateral is worth 1/10 to 1/2 of what it was when the loan was written. Does not seem like good news to me. I don’t get why some are always so quick to defend some of the people they do, it mystifies me. As for sports card radio please show me all these times they’ve been wrong about the hobby? I think they sometimes are jerks about how they say stuff and there politics are absurd but they tend to be on top of the hobby and what’s going on. I must admit I was shocked at how good KG was on the show last night.

Not defending PWCC here at all but I don't think there's been anything more than rumor on the significance of the defaults w/substandard collateral. I also agree w/Ryan's comments that layoffs don't exactly equal sky is falling sort of things. I'm sure there are instances where PWCC did lose money on the loans but I'd guess (and it's just that) there was something in the business model to accommodate for it.

We'll see how it all shakes out.
Reply With Quote
  #5  
Old 04-28-2023, 11:44 AM
Fuddjcal Fuddjcal is offline
Chuck Tapia
Member
 
Join Date: May 2009
Posts: 2,203
Default

Quote:
Originally Posted by glynparson View Post
Layoffs coupled with the news of them getting stuck with defaulted loans were the collateral is worth 1/10 to 1/2 of what it was when the loan was written. Does not seem like good news to me. I don’t get why some are always so quick to defend some of the people they do, it mystifies me. As for sports card radio please show me all these times they’ve been wrong about the hobby? I think they sometimes are jerks about how they say stuff and there politics are absurd but they tend to be on top of the hobby and what’s going on. I must admit I was shocked at how good KG was on the show last night.
Agreed 100%. it's ALL pretty funny.
Reply With Quote
  #6  
Old 04-28-2023, 11:59 AM
Yoda Yoda is offline
Joh.n Spen.cer
 
Join Date: Oct 2015
Posts: 2,265
Default

If by any chance there is a vault run, I hope all cards are present and accounted for, audited by an outside 3rd party. I only say this because of PWCC's less than stellar reputation. And if any cards that were used for loan collateral are missing.....Gulp!
Reply With Quote
  #7  
Old 04-28-2023, 08:18 PM
Snowman Snowman is offline
Travis
Tra,vis Tr,ail - Banned
 
Join Date: Jul 2021
Posts: 2,446
Default

Certainly interesting. 100+ employees sure feels like a lot for the operation they're running. As a point of comparison, Rick Probstein says he has 35, and those are mostly minimum wage kids/young adults.
Reply With Quote
  #8  
Old 04-28-2023, 08:33 PM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is online now
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 33,772
Default

Quote:
Originally Posted by Snowman View Post
Certainly interesting. 100+ employees sure feels like a lot for the operation they're running. As a point of comparison, Rick Probstein says he has 35, and those are mostly minimum wage kids/young adults.
Rick doesn't have the side businesses like a vault. He doesn't have to maintain his own platform. Etc.
__________________
Net 54-- the discussion board where people resent discussions.

My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/

Last edited by Peter_Spaeth; 04-28-2023 at 08:34 PM.
Reply With Quote
  #9  
Old 04-28-2023, 11:02 PM
Snowman Snowman is offline
Travis
Tra,vis Tr,ail - Banned
 
Join Date: Jul 2021
Posts: 2,446
Default

Quote:
Originally Posted by Peter_Spaeth View Post
Rick doesn't have the side businesses like a vault. He doesn't have to maintain his own platform. Etc.
Ya, PWCC has to maintain a website and a large database as well. And they have a finance department and sales people. I wonder how their gross revenues compare though?
Reply With Quote
  #10  
Old 04-28-2023, 11:51 PM
conor912's Avatar
conor912 conor912 is offline
C0nor D0na.hue
 
Join Date: Feb 2012
Posts: 3,282
Default

Quote:
Originally Posted by Snowman View Post
those are mostly minimum wage kids/young adults.
Just who I want handling my consignments.
__________________
Items for sale or trade here UPDATED 3-16-18
Reply With Quote
  #11  
Old 05-01-2023, 06:21 PM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is online now
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 33,772
Default

Quote:
Originally Posted by Snowman View Post
Certainly interesting. 100+ employees sure feels like a lot for the operation they're running. As a point of comparison, Rick Probstein says he has 35, and those are mostly minimum wage kids/young adults.
https://www.sportscollectorsdaily.co...loyee-layoffs/
__________________
Net 54-- the discussion board where people resent discussions.

My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/
Reply With Quote
  #12  
Old 05-01-2023, 06:39 PM
parkplace33 parkplace33 is offline
Drew W@i$e
Member
 
Join Date: Jul 2018
Posts: 1,538
Default

Quote:
Originally Posted by Peter_Spaeth View Post
PWCC still has 130 employees, according to company founder and CEO Brent Huigens, who confirmed that about 25 percent of the company’s workforce was let go.

25 percent. Yikes!
Reply With Quote
  #13  
Old 05-01-2023, 07:45 PM
Republicaninmass Republicaninmass is offline
T3d $h3rm@n
Member
 
Join Date: May 2009
Posts: 8,598
Default

Should bode well for earnings. When is the conference call
__________________
"Trolling Ebay right now" ©

Always looking for signed 1952 topps as well as variations and errors
Reply With Quote
  #14  
Old 05-02-2023, 06:07 AM
timzcardz timzcardz is offline
T!M R10rd@n
Member
 
Join Date: May 2009
Location: Long Island, NY
Posts: 991
Default

Quote:
Originally Posted by Peter_Spaeth View Post
I found the choice of words to start the article very amusing!


"One of the trading card market’s largest companies trimmed . . . "

.
__________________
Collector of all things Ripken, Yankees, 1958.

Successful transactions with:
300dw123, autograf, bn2cardz, buymycards, CobbvLajoie1910, Daves_resale_shop, frankbmd, GoCubsGo32, GoldenAge50s, GrayGhost, Head928, Jayworld, jdl860, jgmp123, kamikidEFFL, larrie804, Leerob538, lharri3600, Lordstan, megalimey, Orioles1954, quinnsryche, Redleg25, rjackson44, Rob D., SAllen2556, scmavl, slantycouch, slipk1068, Smanzari, TCMA, thetruthisouthere, Wolfgang427, yanks12025, ZackS
Reply With Quote
  #15  
Old 05-02-2023, 08:49 AM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is online now
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 33,772
Default

Quote:
Originally Posted by timzcardz View Post
I found the choice of words to start the article very amusing!


"One of the trading card market’s largest companies trimmed . . . "

.
Yeah that was rich lol.
__________________
Net 54-- the discussion board where people resent discussions.

My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Calling Net54 Retirees....tell us how Retirement has influenced your hobby activities tedzan Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 35 05-18-2022 08:40 AM
ebay pulls PWCC listings sighting shill bidding PWCC says WHAT is SHILL BIDDING !!! megalimey Watercooler Talk- ALL sports talk 4 08-18-2021 10:25 AM
Pwcc? Manny Trillo Postwar Baseball Cards Forum (Pre-1980) 7 09-23-2016 06:14 AM
America's Toughest Want List Expands Archive Tobacco (T) cards, except T206 B/S/T 5 07-22-2005 09:26 AM
MASTRO EXPANDS BEYOND COLLECTIBLES MARKET Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 2 03-16-2003 03:04 PM


All times are GMT -6. The time now is 10:26 AM.


ebay GSB