Collectors (PSA) Acquired SGC

[Leon]

Read what BODA said in the link provided by Peter in this thread, and get back with me on that.
BODA is so valuable to the hobby I would probably let him on this forum regardless of his anonymity.

[/U]

Originally Posted by Lorewalker

If the rumors are true about Dave, then doesn't that suggest he is more equipped to detect alterations than just about anyone? I cannot see how SGC's acquisition will be good for the collectors in the long run but the hobby is not about collectors any longer, as someone posted earlier.

Until one of these companies makes an announcement, which will be short on facts, I could see the value of SGC dropping dramatically and submissions being down too.

[Peter_Spaeth]

SGC has been very open about the fact that their principals and employees can submit their own. People just don't seem to care, as long as those turnaround times are solid.

[pureball22]

So, if my SGC slabs are going to collapse 50% in value due to this merger/avoidance of SGC panic (OMG!!!), aren't my PSA slabs gonna appreciate by 50% (gotta have PSA ONLY!!) and thus the whole thing is much to do about nothing wash?!?!?!? LOL

[Lorewalker]

Originally Posted by Leon

Read what BODA said in the link provided by Peter in this thread, and get back with me on that.
BODA is so valuable to the hobby I would probably let him on this forum regardless of his anonymity.

[/U]

Your comment was about Dave being in the grading room.

My point was not if it is good to have a guy with Dave's rep owning a grading company but might not be had having someone who has Dave's rep as a grader.

[Lorewalker]

First official announcement...oy...

www.gosgc.com/SGC-Joins-Collectors

https://www.facebook.com/sgcgrading/ From Peter S.

[Peter_Spaeth]

Originally Posted by Lorewalker

First official announcement...oy...

www.gosgc.com/SGC-Joins-Collectors

https://www.facebook.com/sgcgrading/ From Peter S.

Happy talk keep talkin' happy talk.

[Lorewalker]

Originally Posted by Peter_Spaeth

Happy talk keep talkin' happy talk.

He is smiling because he still has his job. Not saying he is lying but nobody should bank on anything he said, imo. Nice attempt at reassurance. If I were grading it I would give it altered stock and evidence of trimming.

I cannot envision a scenario where Collectors runs SGC unchanged. Call me foolish. The two companies only have one thing in common in their business model--they authenticate collectibles. Their approach to business could not be any different so if Collector's management loves the SGC model so much then why not change to be more like them?

[Peter_Spaeth]

Originally Posted by Lorewalker

He is smiling because he still has his job. Not saying he is lying but nobody should bank on anything he said, imo. Nice attempt at reassurance. If I were grading it I would give it altered stock and evidence of trimming.

I cannot envision a scenario where Collectors runs SGC unchanged. Call me foolish. The two companies only have one thing in common in their business model--they authenticate collectibles. Their approach to business could not be any different so if Collector's management loves the SGC model so much then why not change to be more like them?

Long term, it wouldn't seem to make sense to acquire a competitor then just run it as a separate division competing with the main division.

[Rhotchkiss]

Originally Posted by Peter_Spaeth

Long term, it wouldn't seem to make sense to acquire a competitor then just run it as a separate division competing with the main division.

It happens all the time.

Many car manufacturers produce and sell competing brands. Car rental companies own competing brands. Heck, REA just bought Huggins. It makes no sense to buy a company only to shut it down. My gut is there are synergies/efficiencies they can realize operating both companies, reducing expenses and maximizing production and efficiency. It makes a ton of sense to acquire a competitor to run it as a separate division. It makes no sense to pay good money for a small, relatively non-competitor only to kill it/shut it down.

Peter, I respect your legal conclusions much more than your financial opinions!

[Fuddjcal]

Originally Posted by Peter_Spaeth

Happy talk keep talkin' happy talk.

happy Happy Joy joy

[Johnny630]

Doesn’t Dave grade Cards because he’s one of the best vintage graders out there I mean I thought it was him Scott and Derek that was the best that SGC had or still have the only one that’s gone is Derek I believe