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#6
08-31-2024, 10:02 AM
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Step 1. PSA buys SGC at a valuation based on SGC not having a competitive set registry (which is a major determinant of company value).
Step 2. PSA decrees SGC graded cards are equivalent to PSA's for set registry purposes, and the PSA set registry becomes a PSA/SGC set registry. Step 3. The valuation of SGC skyrockets. Conclusion: A brillant business plan, on par to PSA's original creation of their set registry. Disclosure: The great majority of my graded cards are SGC-graded (because I think on balance they are better graders), so I would be delighted if this is how it plays out. 
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