Alteration vs. Conservation Defined

[Peter_Spaeth]

You would have better insight than I, but it doesn't seem like a great stock to go long either.

[Dpeck100]

Originally Posted by Peter_Spaeth

You would have better insight than I, but it doesn't seem like a great stock to go long either.

Hard to say. Roughly two thirds of the company is their coin division and that has been soft. If you read the recent report it seems to be picking up some. Their card and autograph division is what is carrying the company.

It looks to me like it is running back up to the the top of the gap of $21.63 from February 7th last year. If it gets above that it could have legs.

The stock got hammered in the fourth quarter last year on general market weakness and heavy tax loss selling but I am not a fan personally of buying a stock that has doubled in five months.

Regardless this issue that has created many to be upset isn't going to change the direction of PSA.

[Peter_Spaeth]

Originally Posted by Dpeck100

Hard to say. Roughly two thirds of the company is their coin division and that has been soft. If you read the recent report it seems to be picking up some. Their card and autograph division is what is carrying the company.

It looks to me like it is running back up to the the top of the gap of $21.63 from February 7th last year. If it gets above that it could have legs.

The stock got hammered in the fourth quarter last year on general market weakness and heavy tax loss selling but I am not a fan personally of buying a stock that has doubled in five months.

Regardless this issue that has created many to be upset isn't going to change the direction of PSA.

I guess people keep grading the new bullion coins although I can't imagine why as even the MS70s don't seem to bring much of a premium, unlike PSA 10s of current cards.

[Dpeck100]

Originally Posted by Peter_Spaeth

I guess people keep grading the new bullion coins although I can't imagine why as even the MS70s don't seem to bring much of a premium, unlike PSA 10s of current cards.

From their press release.


Part of the growth in PCGS Bulk was aided by a successful Apollo 11 coin-grading program that generated thousands of these popular commemorative coins for submission. The creative packaging designed by the PCGS team helped raise our Q3 Bulk ASP over last year's ASP.



"The PSA and PSA/DNA business set another all-time revenue quarterly record for the division and eclipsed last year's Q3 revenue by roughly $1.3 million, a 24% increase year-over-year. Based on the first three quarters of fiscal 2019, this part of our company is expected to close out its ninth consecutive year of top and bottom line growth. The PSA backlog remains at record levels heading into Q4. The Company is currently revamping our existing space to expand operational capacity, so we can ultimately improve the extended turnaround times facing our customers."

[Exhibitman]

Suuuuure they are. Wanna buy a bridge in Brooklyn?

[Peter_Spaeth]

https://www.blowoutforums.com/showpo...&postcount=684

[ullmandds]

Originally Posted by Peter_Spaeth

https://www.blowoutforums.com/showpo...&postcount=684

WOW! Thank god for PWWC and PSA for that matter for helping to bring such great cards to market!