Psa - regular submission are back

[Peter_Spaeth]

Originally Posted by BobC

Don't know about the first four questions, but my guess on #5 is when the multiples on EBITDA are what he wants them to be.

Isn't Nat Turner pretty much like Edward, Richard Gere's character in "Petty Woman", who buys/invests in companies to grow and then make money off them, except Nat isn't ever going to do things like build great big ships?

Unless he's having too much fun.

[BobC]

Originally Posted by Peter_Spaeth

Unless he's having too much fun.

LOL Then let's hope he has fun. I really don't know much about him personally, but understand he enjoys the hobby and is somewhat of a collector himself. Also know he's a member here, and on other boards, so he could be reading this as well. But I believe when it comes to an investment like he and others along with him have made, he's going to be a businessman first, and a hobby collector a little further down the totem pole. Couldn't (and wouldn't) blame him for takin' care of business (props to BTO).

[glchen]

Any news on when Beckett will be resuming Standard or Economy grading and how long their backlog currently is? I have some oversized items that I would like to send to Beckett someday when things are back to "normal."

[Johnny630]

To me $100 is a good step by PSA. I think Regular will be back down to $50 a card by middle to end of this year. As for lower specials that will come as well. IMO The market will dictate what PSA does, the Market is owned by PSA :-)

PSA has a wide and deep Moat, it has not shallowed or narrowed one bit.

The competition, SGC/BGS, missed the boat again.

[bobbyw8469]

Originally Posted by Johnny630

To me $100 is a good step by PSA. I think Regular will be back down to $50 a card by middle to end of this year. As for lower specials that will come as well. IMO The market will dictate what PSA does, the Market is owned by PSA :-)

PSA has a wide and deep Moat, it has not shallowed or narrowed one bit.

The competition, SGC/BGS, missed the boat again.

Agreed. PSA got overrun with modern basketball and Pokemon. Cards were being graded that simply had no business being graded. People thought they were printing money. Now look where we are.

[Johnny630]

Originally Posted by bobbyw8469

Agreed. PSA got overrun with modern basketball and Pokemon. Cards were being graded that simply had no business being graded. People thought they were printing money. Now look where we are.

A lot of people who submitted all those cards you mentioned are gonna be stuck with a lot of junk that isn't worth what they paid for grading.

Hopefully this will be a lesson to them not to submit S cards, people are stupid though, history always seems to repeats itself.

[ClementeFanOh]

Johnny630- PSA's competition "missed the boat again"? Umm, no... I'm
sending a submission to SGC in the near future. It's $30 a card with a 40-50
day return. Let's try some of that sticky math... that's less than a third of
PSA's cost (!) with product returned in HALF the time- and the grades have
a much better chance of actually being correct! Doesn't seem like that's
"missing the boat" to me. Trent King

[Bored5000]

Originally Posted by Johnny630

A lot of people who submitted all those cards you mentioned are gonna be stuck with a lot of junk that isn't worth what they paid for grading.

Hopefully this will be a lesson to them not to submit S cards, people are stupid though, history always seems to repeats itself.

If prices weren't so crazy for cards in a PSA 10 (or highest graded if that is not a 10), there would not be any motivation to submit nearly worthless cards in hopes of hitting the grading lottery. Submitting modern cards to PSA is akin to buying a lottery ticket.

The prices people are wiling to pay for PSA 10s don't make any sense to me, but that is what encourages submitting so much junk.