NonSports Forum

Net54baseball.com
Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you write anything concerning a person or company your full name needs to be in your post or obtainable from it. . Contact the moderator at leon@net54baseball.com should you have any questions or concerns. When you click on links to eBay on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Enjoy!
Net54baseball.com
Net54baseball.com
ebay GSB
T206s on eBay
Babe Ruth Cards on eBay
t206 Ty Cobb on eBay
Ty Cobb Cards on eBay
Lou Gehrig Cards on eBay
 Baseball T201-T217 on eBay
Baseball E90-E107 on eBay
T205 Cards on eBay
Baseball Postcards on eBay
Goudey Cards on eBay
 Baseball Memorabilia on eBay
Baseball Exhibit Cards on eBay
Baseball Strip Cards on eBay
Baseball Baking Cards on eBay
Sporting News Cards on eBay
 Play Ball Cards on eBay
Joe DiMaggio Cards on eBay
Mickey Mantle Cards on eBay
Bowman 1951-1955 on eBay
Football Cards on eBay

Go Back   Net54baseball.com Forums > Net54baseball Main Forum - WWII & Older Baseball Cards > Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions
Reload this Page Bill Bengen Inducted into Hall of Fame
Register NEW Chat! Who's Chatting FAQ Calendar

Reply
Page 2 of 2 1 2
 
Thread Tools Display Modes
  #51  
Old 07-09-2008, 10:56 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: JimCrandell

No games--I want both to succeed--down 55% with 4 quarterly losses isn't good but not an indication of pending disaster either.

Reply With Quote
  #52  
Old 07-09-2008, 10:59 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Alan U

Their balance sheet actually looks pretty good, with plenty of cash on hand.

Either SGC or PSA without major competition would be a bad thing.

edited to add last sentence

Reply With Quote
  #53  
Old 07-09-2008, 11:10 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: T206Collector

...and I'll say it again:

Anyone who collects graded cards with an expectation that the grading company or grades themselves will mean the same thing in 5, 10, 15 or more years down the road should consider broadening their perspective. Grading companies, or at least their reputations, may come and go; cards may be added to populations or a 5 today may not be a 5 tomorrow.

For a collection to last the test of time, it should have an appeal that transcends a particular grading company or grade assigned to it. It is for this reason, among others, that I think paying money to compete in a set registry of any grading company reflects a short-term perspective on one's own collection.



_ _ _ _ _ _ _ _

Visit http://www.t206collector.com for signed deadball card galleries, articles and more!

Reply With Quote
  #54  
Old 07-09-2008, 11:13 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Jay

BTW, what happened to David Hall's holdings? If I'm not mistaken he used to be one of the major holders of CLCT stock. When I look at the yahoo financial web site now I do not see him histed as a major holder any more. Did he sell out his share in the company?

Reply With Quote
  #55  
Old 07-09-2008, 11:25 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Anonymous

Quick look at EDGAR table of contents shows last entry for David Hall was a Form 4 in 2005, so presumably that is when he got out. Edited to add cannot access the contents from where I am.

Reply With Quote
  #56  
Old 07-09-2008, 11:26 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Alan U

The set registries are not of much interest to me unless there are scans of the cards.

It's unfortunate the set registries don't require that scans of the cards be viewable to all, or better yet the grading companies could have scans that are automatically added when the cards are added to a set.

I would love to be able to see some the cards in some of the high-end sets registered, but some of them you can't even see the set composition, much less scans.

-Alan

Reply With Quote
  #57  
Old 07-09-2008, 11:29 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Anonymous

There are guys who don't want the world to know what they need, so they don't get run up on low pop commons and such by auction houses/ebay sellers. I think that is perfectly understandable. In fact I think it is economically counterproductive for certain high stakes people to make public their incomplete sets, for that reason.

Reply With Quote
  #58  
Old 07-09-2008, 11:34 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Alan U

That's a good point Peter and very understandable.

It's just that for the everyday common collector, it would be really nice to at least be able to see the high-end cards.

-Alan

Reply With Quote
  #59  
Old 07-09-2008, 11:54 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: D.C. Markel

Jim Crandall,

Reading this thread, you clearly have a lot of confidence in grading - both with PSA and SGC.

What if this hypothetical situation occurred? Let's say it is proven beyond a reasonable doubt (either by investigative journalism through the national media or by a court of law or both) that thousands upon thousands of altered cards intentionally submitted by one or several unscrupulous dealers were slabbed and sold at significantly high prices to unsuspecting collectors over a long period of time and this becomes a matter of public record. Do you think that kind of scandal would be the kiss of death for that grading company and the existing cards slabbed by that company or not?

Reply With Quote
  #60  
Old 07-09-2008, 12:12 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Tom Boblitt

Currently shows hall with 700K shares.................

http://phx.corporate-ir.net/phoenix.zhtml?c=80247&p=irol-govownership

Reply With Quote
  #61  
Old 07-09-2008, 12:44 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Anonymous

A far-fetched hypothetical, indeed. Then again....

Reply With Quote
  #62  
Old 07-09-2008, 12:50 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Jay

Tom--Interesting. He is listed as President and CEO of CLCT but is not listed amongst the insider holders of the equity or amongst the major holders of CLCT shares.

Reply With Quote
  #63  
Old 07-09-2008, 12:58 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Tom Boblitt

doesn't show him divesting anything. Just a statement of ownership of the 700K shares. It is odd that on Yahoo investing, they don't show him as an insider if the 700K shares is REALLY true. Sniff, sniff...........

Reply With Quote
  #64  
Old 07-09-2008, 01:00 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Steve

Why does every thread regarding PSA turn into a bashing thread?

No need to answer the question.

Congrats to Bill Bengen.

He truly does have some outstanding non sport sets.



Steve

Reply With Quote
  #65  
Old 07-09-2008, 01:00 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Anonymous

I cannot reconcile the inconsistency. It seems Yahoo must be wrong.

Reply With Quote
  #66  
Old 07-09-2008, 01:01 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Tom Boblitt

I would almost pick Yahoo over CLCT..............

Reply With Quote
  #67  
Old 07-09-2008, 01:03 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Anonymous

MSN Money shows Hall's ownership at 9 pecent of the company.

Reply With Quote
  #68  
Old 07-09-2008, 01:05 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Jay

Tom--Do you know why he has the Professor title? Where did he receive a professorship?

BTW, according to CLCT's May 9, 2008 filing they had, on March 31, 2008, cash and equivalents of $28.2 million. That is down $14.2 million from June 30, 2007. Of that decrease, $6.4 million was dividend payouts. It doesn't take much to figure out that at that rate, unless things change, the cupboard would be bare in less than two years. I wonder if that is why the half grade cash grab happened this year.

Reply With Quote
  #69  
Old 07-09-2008, 01:08 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Anonymous

Appears CLCT's principal investor, Shamrock Capital, is headed up by Roy Disney and another member of the Disney family.

Reply With Quote
  #70  
Old 07-09-2008, 01:09 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: boxingcardman

Wasn't there a Bill Bergen who played for the Eagles?

As far as PSA's demise, I think the GAI meltdown is a pretty good indicator of how people who wanted out of PSA would handle it; crack and submit or cross overs to whoever is left. Honestly, though, I don't see PSA vanishing even if the parent got into major trouble. The name and assets would be worth either spinning off or selling through bankruptcy.

Sic Gorgiamus Allos Subjectatos Nunc

Reply With Quote
  #71  
Old 07-09-2008, 01:12 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Tom Boblitt

shares, so dividends at a buck a share, like you said, won't last long. Still 12%+ dividend right now. How long before they ditch their dividend? No idea about the professorship. Maybe something like Gilligan's Island. I don't know. Hopefully, he's tenured. He has a website for his coin business at www.davidhall.com

Reply With Quote
  #72  
Old 07-09-2008, 02:13 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: CoreyRS.hanus

I wonder how long the shelf life is of ANY grading company? After all, won't the hobby start to run out of raw cards, leaving the bulk of what's left to grade the new issues? And can that be enough to sustain the existing number of grading companies?

Reply With Quote
  #73  
Old 07-09-2008, 02:20 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Matt

Corey - for the last 5 issue years (prior to the current year), PSA averages 19k+ slabbed cards per issue year. There are more submissions from 1 year of new shiny stuff then 1913 through 1921 combined.

Reply With Quote
  #74  
Old 07-09-2008, 02:22 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Jodi Birkholm

Quote Jim Crandell: "Sure--or send me your mailing address for an autographed picture."

Do you have a dual-signed pose featuring Mr. Mint? I only collect Crandellabilia if Rosen is somehow involved.

Reply With Quote
  #75  
Old 07-09-2008, 02:22 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: barrysloate

Corey- there is a solution to that problem...quarter grades.

8.0; 8.25; 8.5; 8.75, etc.

Reply With Quote
  #76  
Old 07-09-2008, 02:30 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: CoreyRS.hanus

I wonder then how much of the new stuff is submitted for grading? Aren't the overwhelming majority of those cards of indistinct players? Wouldn't then the value of such a card in a slab be a fraction of the cost of slabbing it?

Reply With Quote
  #77  
Old 07-09-2008, 02:34 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Alan U

There are a few sellers on ebay that sell literally 100's of 80's & newer slabbed cards (usually PSA 9's and 10's) a week. I think cost is $5/card bulk for grading and they usually have minimums of $9.99 or more on them.

edited for spelling

Reply With Quote
  #78  
Old 07-09-2008, 03:26 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: dstudeba

That is very interesting that Shamrock is a major holder. They are an activist investment group started by Roy Disney. I would expect some shakeups in the future due to their involvement.

Reply With Quote
  #79  
Old 07-09-2008, 04:14 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Anonymous

Bloomberg shows large (9%) stakes in CLCT held by Austin Marxe, Sarbit Asset Management and smaller positions held by Royce and Dimensional. These are all more hedge fund type investors rather than private equity guys. They will cut their losses if the situation keeps deteriorating. In fact, the 30% hit in the last two weeks may be someone getting out. If a position in excess of 5% is held for investment purposes only, changes are not reported as regularly, so it may be some time before we know.

Hall is shown holding 771,000 shares, but last reporting date is 2005. If he sold down to under 5%, he would have to disclose that fact, so he either still owns the stock or is in a lot of trouble.

Reply With Quote
  #80  
Old 07-09-2008, 05:20 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Frank Wakefield

Well Al, Jim, and Dan...

Even though accused of it, I made no personal attack up there with my worthless post, which would have had no less value than that of a moderator, nor am I attempting to ruin what Jim perceives to be a good thread...

But golly, guys, 79 posts now, not a one about vintage baseball cards. Truthfully, when I see "Hall of Fame" I think of only one. And Bill Bergen the catcher came to mind when I saw the post title. An "OT" would have improved the title, as well as slipping "PSA" in front of "Hall of Fame". Then I'd have known to stay clear.

I have learned one thing that interests me, for which I'm grateful. Jim C collects R58s. That set has always fascinated me a bit, some mixup as to even whether that was pre or post WWII. I'm always interested in reading about that set. The Non-sports board would be the place. And if I meet Jim C one day, I hope he and I can skip past old feuds and talk about cards. Ball cards. And R58s.

Reply With Quote
  #81  
Old 07-09-2008, 07:04 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Rob D.

Keep banging that drum, Frank.

Reply With Quote
  #82  
Old 07-09-2008, 07:28 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Michael Steele

Continuing this thread along it's non "vintage baseball card" course:

Barry,

Why stop at quarter grades? Can the day of "tenth" grades be in the future? 8.1,8.2,8.3,8.4 etc...
Then the registry will really be rocking! Let's hope that is about 100 years off and our Great Grandchildren can worry about it.

Reply With Quote
  #83  
Old 07-10-2008, 02:05 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Jay

Continuing downward, CLCT fell from a close of $7.50 yesterday to trade at $6.80 on the close today, a decline of 9.3%.

Reply With Quote
  #84  
Old 07-10-2008, 02:18 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: leon

Did you see the concurrent announcement that due to "helping" the hobby they are going to .25 grades now ....Of course no discounts for regrading will be given...and your re-submissions can only go UP UP UP.....it's a virtual win-win....

Reply With Quote
  #85  
Old 07-10-2008, 03:21 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Bill Bengen Inducted into Hall of Fame
Posted By: Jay

Leon--This is no joke. Can you imagine how slow the service will be at SGC when all the PSA registry guys rush over to cross their sets?

Reply With Quote
Reply
Page 2 of 2 1 2

« Previous Thread | Next Thread »



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Hall of Fame collectors Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 37 06-24-2007 02:47 PM
Hall of Fame Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 3 03-07-2007 04:02 PM
My Hall of Fame Collection - 1 Down, 1 To Go Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 19 05-17-2005 05:15 PM
Hall Of Fame names Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 17 05-31-2002 01:22 PM
Hall of Fame Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 28 09-21-2001 07:17 PM


All times are GMT -6. The time now is 06:17 PM.

RSS - Contact Us - Home - Archive - Top

ebay GSB