Collectors (PSA) Acquired SGC

[Snowman]

The more I think about this, the more I believe that Collectors is in fact planning to build up and invest in both brands. It puts the most money into their pockets at the end of the day. Run a joint PSA/SGC office out of Florida, share technical resources, continue to operate SGC with reduced overhead, cast a wider net over the hobby without alienating your customers, keep both your grading teams happy. It all makes sense financially.

[Peter_Spaeth]

Originally Posted by Snowman

The more I think about this, the more I believe that Collectors is in fact planning to build up and invest in both brands. It puts the most money into their pockets at the end of the day. Run a joint PSA/SGC office out of Florida, share technical resources, continue to operate SGC with reduced overhead, cast a wider net over the hobby without alienating your customers, keep both your grading teams happy. It all makes sense financially.

I don't see how you can possibly know enough about the finances and operations of either company to be able to say this.

[Lorewalker]

Originally Posted by Peter_Spaeth

I don't see how you can possibly know enough about the finances and operations of either company to be able to say this.

Well he knew with 100% certainty that eBay booted PWCC from the site because PWCC had their own webpage they were developing and had nothing to do with the rampant shill bidding.

I am gonna go out on a limb and say that Nat likely has no idea what the exact future is of SGC.

[Snowman]

Originally Posted by Lorewalker

Well he knew with 100% certainty that eBay booted PWCC from the site because PWCC had their own webpage they were developing and had nothing to do with the rampant shill bidding.

I am gonna go out on a limb and say that Nat likely has no idea what the exact future is of SGC.

You keep bringing this up. If you want to talk about why eBay booted PWCC off their platform, there are other threads devoted to that topic that have been thoroughly fleshed out. If you think this is some sort of wacky conspiracy theory, you've got a lot of reading to do. It's a widely accepted view throughout the hobby that eBay did not boot PWCC off their platform because of shill bidding. If you honestly believe that eBay gives two shits about shill bidding then you're delusional. Actions speak louder than words and eBay has made it abundantly clear that they have zero intentions of thwarting shill bidding on their platform. They've even taken steps to make it much more difficult to even identify over the years.

[Lorewalker]

Originally Posted by Snowman

You keep bringing this up. If you want to talk about why eBay booted PWCC off their platform, there are other threads devoted to that topic that have been thoroughly fleshed out. If you think this is some sort of wacky conspiracy theory, you've got a lot of reading to do. It's a widely accepted view throughout the hobby that eBay did not boot PWCC off their platform because of shill bidding. If you honestly believe that eBay gives two shits about shill bidding then you're delusional. Actions speak louder than words and eBay has made it abundantly clear that they have zero intentions of thwarting shill bidding on their platform. They've even taken steps to make it much more difficult to even identify over the years.

No. This is the first time I have brought it up. It is you who keeps bringing up this topic and I merely comment on it.

It is a widely accepted view that Santa and the Easter Bunny exist...by very young children.

eBay does not care about shill bidding because they ignored it for years with PWCC but they damn well might care if the FBI gently reminded them that it had been happening, don't you think?

You have a tendency to post your opinions or your theories as fact when you are not privy to details of the situation. You are no more an insider on the eBay-PWCC situation than you are on the Collectors-SGC situation. This was my point.

It is fun to speculate but we are all outsiders.

[Snowman]

Originally Posted by Peter_Spaeth

I don't see how you can possibly know enough about the finances and operations of either company to be able to say this.

That's a strange response. Why would someone need any knowledge at all regarding the finances or inner operations of either company to be able to make such a prediction?

[japhi]

Originally Posted by Snowman

That's a strange response. Why would someone need any knowledge at all regarding the finances or inner operations of either company to be able to make such a prediction?

If we are making predictions without seeing financials, then M&A common sense says they keep the top talent, any IP that makes sense, kill the brand, devalue the existing inventory, and encourage millions of crossovers, or whatever the addressable base is.

If they shutter SGC and win their existing market share (80%) of current SGC volume, that is an additional 1M+ subs per year. Why run an extra location, and additional staff, to slab these at lower costs when you can bring them into the mother ship at better spreads and reduced expense?

I just don't see any valid business reason to keep a like for like lower cost competitor, with sub 10% market share, alive.

[Peter_Spaeth]

Originally Posted by Snowman

That's a strange response. Why would someone need any knowledge at all regarding the finances or inner operations of either company to be able to make such a prediction?

Predict whatever you like. You purported to offer a financial analysis of which option made the most sense.

[Yoda]

I just wonder how many collectors, sick of the TPG machinations, say the hell with it and proceed to break out all their graded cards and "go raw". Once they put them in a secure holder for protection, then they can pleasantly view them without the interference of a flip to get in the way and $ signs interfere.
I know this approach is for the hard core collector but then they won't have to worry about the fate of SGC.