Guess someone at PSA did not like the thread about salaries...
iconductor
Posts: 11
the graders make me very happy and should make as much as possible to keep the product at the forefront and by most standards the best vintage high end graders. however, cut the crap on the side businesses and diversification. unrelated diversifiers almost never integrate successfully. core competency, earn profits, invest, pay dividends...easy in principle. however, a large loss taken recently selling to gmai (manning...more like alfinsa) does not show savvy. plus in the deal they are to receive $5 cross over grading on coins and cards for months and 15,000 or so of each but don't recall the specifics of the sec report. selling was a great idea as the cash is needed on the balance sheet but not the best timing and at a huge loss. ouch! lower level management are fantastic! they have treated me very well. thank you.
this is a public company that trades on the nasdaq. classic case of does the b.o.d. (board of directors) represent the interests of common holders and/or insider(s). it is a fine line and you can be the judge. Public data includes when it was a game (wiwag) and ken golden being able to purchase stock at a private placement (old news). maybe psa should/will go private. i am not a common stock owner...lol... but you can't beat the product. hopefully customers are being represented. i think so and very happy! oh ya, the compensation of upper level mgmt are published but who cares about lower level employees? i do...lol
i still think psa are #1 for vintage and appreciate the knowledge and consistency of grading. they get my vintage business and some autographs but bgs has some separate card and autograph grades and get some of my new cards added to these orders. if psa reads this, you can achieve better results adding this feature to signed factory cards. who wants a 9 w/ a smudged sig. i can see psa following. the signed graded baseball idea is great. mih = make it happen! tickets too...ready to submit. hurry w/ a special. backlogs are great. a problem most businesses would cherish.however, i see backlogs caused by deals and not organic submission strength. not a high margin business but the trick is to expand them...bottom line not top line! not a company in an industry for me but looking for a finance/hedge fund position if anyone is hiring a young mind like mine...in CA...Bay Area? stick to what you do best psa and keep up the good work.
shagrotn77 - (from 8-K SEC filing):
(10) Grading Services. For a period of two (2) years following the Closing Date (the "Grading Service Term"), Seller agrees to provide "crossover grading" and authentication services of Collectible Coins and sports cards to the Auction Businesses at a fixed rate of Five Dollars ($5.00) per item. Seller agrees to use its reasonable best efforts to complete such "crossover grading" services within five (5) days of Seller's physical receipt, at Seller's premises in Santa Ana, California, of Collectible Coins or sports cards submitted to Seller by any of the Auction Businesses for grading or authentication. Notwithstanding the foregoing, Seller shall not be required to provide such grading and authentication services to more than two thousand (2,000) Collectible Coins or more than two thousand (2,000) sports cards submitted by the Auction Businesses during any three (3) month period during the Grading Service Term. In all other respects the grading and authentication of Collectible Coins and sports cards for the Auction Business shall be subject to the terms and conditions applicable to the provision by Seller of grading and authentication generally.
Form 8-K for GREG MANNING AUCTIONS INC (full version) - 3/5/04
I do not see this scenario listed for a reason on the web site for the back logs! Just strong customer support...
this is a public company that trades on the nasdaq. classic case of does the b.o.d. (board of directors) represent the interests of common holders and/or insider(s). it is a fine line and you can be the judge. Public data includes when it was a game (wiwag) and ken golden being able to purchase stock at a private placement (old news). maybe psa should/will go private. i am not a common stock owner...lol... but you can't beat the product. hopefully customers are being represented. i think so and very happy! oh ya, the compensation of upper level mgmt are published but who cares about lower level employees? i do...lol
i still think psa are #1 for vintage and appreciate the knowledge and consistency of grading. they get my vintage business and some autographs but bgs has some separate card and autograph grades and get some of my new cards added to these orders. if psa reads this, you can achieve better results adding this feature to signed factory cards. who wants a 9 w/ a smudged sig. i can see psa following. the signed graded baseball idea is great. mih = make it happen! tickets too...ready to submit. hurry w/ a special. backlogs are great. a problem most businesses would cherish.however, i see backlogs caused by deals and not organic submission strength. not a high margin business but the trick is to expand them...bottom line not top line! not a company in an industry for me but looking for a finance/hedge fund position if anyone is hiring a young mind like mine...in CA...Bay Area? stick to what you do best psa and keep up the good work.
shagrotn77 - (from 8-K SEC filing):
(10) Grading Services. For a period of two (2) years following the Closing Date (the "Grading Service Term"), Seller agrees to provide "crossover grading" and authentication services of Collectible Coins and sports cards to the Auction Businesses at a fixed rate of Five Dollars ($5.00) per item. Seller agrees to use its reasonable best efforts to complete such "crossover grading" services within five (5) days of Seller's physical receipt, at Seller's premises in Santa Ana, California, of Collectible Coins or sports cards submitted to Seller by any of the Auction Businesses for grading or authentication. Notwithstanding the foregoing, Seller shall not be required to provide such grading and authentication services to more than two thousand (2,000) Collectible Coins or more than two thousand (2,000) sports cards submitted by the Auction Businesses during any three (3) month period during the Grading Service Term. In all other respects the grading and authentication of Collectible Coins and sports cards for the Auction Business shall be subject to the terms and conditions applicable to the provision by Seller of grading and authentication generally.
Form 8-K for GREG MANNING AUCTIONS INC (full version) - 3/5/04
I do not see this scenario listed for a reason on the web site for the back logs! Just strong customer support...
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Comments
I guess so. I was in the middle of my responce to Frank (Mantlefan) about his MIT students idea. That book has already been written!
Bringing down the house author Ben Mezrich.
When I hit the reply to thread I received an error 303. How rude!
mx'er
______________
1961 topps 100%
Always looking for 1957 Topps BB in PSA 9!
What's this about GMAI?
Some of you just want to say "Thanks Joe" and not address him on professional matters relating to PSA grading. Instead you wish to dwell into his own personal matter of asking what his salary is. How rude, unprofessional and classless.
This is a card collecting and grading forum.
Silver Coins
e-bay ID: grilloj39
e-mail: grilloj39@gmail.com
As for what Joe's salary is, recall that I initially asked, but quickly dropped it. I was primarily interested in what the rank-and-file make, and still am.
You can read some pretty disparaging remarks and supposedly inside information about public companies at sites like Yahoo Finance, as an example. You could always go there to post the info.
Erik
How about the corners and edges?
Nick
Reap the whirlwind.
Need to buy something for the wife or girlfriend? Check out Vintage Designer Clothing.
I am not sure exactly what was portrayed in the book, but everything that the team did in real life, in the casino was legal. In the United States it is legal to use your brain to play blackjack. Just because the folks from MIT use their brains and win doesn't mean there is something wrong with it. I believe there would be something fraudulent about misrepresenting sports cards for profit. Therefore I see no correlation between the two.
The casinos don't like being on the losing end of anything so they toss card counters out (legally in Las Vegas, illegally in New Jersey).
As I said before, it is nothing against Mantlefan, but the insinuation that there is something illegal or underhanded with card counting infuriates me. It is a view projected by the casinos who are the angry because someone is beating them at their own game. Interestingly enough the major reason blackjack is so popular today is the perception that it is a beatable game. The book 'Beat the Dealer' (one of the first books on card counting) is closely linked to the rise in popularity of blackjack.
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