PSA Likely to be Sold - Then Out of Business? Part 3

[JamesGallo]

Originally Posted by alanu

The decrease in submissions seems in line given the current economic condition and although it's a decrease, 90-100,000 per month seems like a lot of submissions to walk away from. Does anyone have an idea of what percentage of the total card grading market this represents?

Not sure what to read into the stock repurchase.

edited for typo

I disagree because I am grading more and more cards with SGC then ever, so my submissions aren't down they just aren't going to PSA anymore.

And if I didn't make it clear in my earlier post, I think there is just as much product out there now and 5-10 years ago. There might even be more now.

James G

Does anyone know if sgc submissions are also down during that same time frame?

[Kehfee]

Originally Posted by tcrowntom

Does anyone know if sgc submissions are also down during that same time frame?

No way to know. SGC is a private company and doesn't have to release any numbers.

They do seem to be quite busy though from the sounds of things.

[BobbyVCP]

Maybe the buyback is to appease Disney the largest shareholder that was demanding them to split up the company.

[smtjoy]

I was told by an employee that they were off to their best year so far and that was not long ago and have no reason to not believe them. I know everytime I talk to Brian or Michael they are just slammed which to me is a good sign, plenty of business to the point of needing to hire more people.

[showtime]

Originally Posted by smtjoy

I was told by an employee that they were off to their best year so far and that was not long ago and have no reason to not believe them. I know everytime I talk to Brian or Michael they are just slammed which to me is a good sign, plenty of business to the point of needing to hire more people.

Brian did mention on the sgc boards a month or so ago that the previous quarter had been a very good quarter in regards to submissions.

[alanu]

Originally Posted by JamesGallo

I disagree because I am grading more and more cards with SGC then ever, so my submissions aren't down they just aren't going to PSA anymore.

And if I didn't make it clear in my earlier post, I think there is just as much product out there now and 5-10 years ago. There might even be more now.

James G

I would just add that it's my gut feel that only a small percentage of grading submissions are pre-war and I wouldn't be surprised if those submissions are stable, but it's the more recent stuff that has really taken a hit in value that is causing the reduction in submissions.

[oldjudge]

Could the buyback be a way for large shareholders to pull their money out of the company without having to dump stock in a thin market? Nah

[Touch'EmAll]

PSA needs to survive on modern only cards - for example, how many more ungraded raw T206 HOFers are sitting out there - really folks ? not many.

And sorry to say, but the PSA set registry is the single most important thing driving prices above and beyond the other reputable graders.

If PSA goes down, what are the speculations on the Set Registry thing?

Other than that, PSA prices will always be near the top of the pricing world. So what if PSA goes down, SGC will scoop up the business - is that bad?

steve

[egbeachley]

Since you bring it up, I don't see any reason why anyone else couldn't start their own Set Registry website and use PSA and SGC grades as their criteria. Heck you can include GAI and BVG if you'd like. But exclude CSA, PRO, etc.

As long as you don't advertise which grading companies you use, it should be legal. Similar to Fantasy leagues using MLB statistics. If your site is more user-friendly and doesn't require membership, you should get more hits that the others combined. Plus if a company goes out of business, the Registry will continue.

Eric B

[glynparson]

"for example, how many more ungraded raw T206 HOFers are sitting out there - really folks ? "

I would honestly say with the exception of maybe the big 4, There are still way more raw ones out there then graded.