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Archaninator
Posts: 827 ✭✭✭
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Archaninator
Posts: 827 ✭✭✭
Comments
<< <i>By not answering specific questions and deleting anyone questioning PSA's business practices, I am worried about the future of PSA and the value of PSA graded cards.
Anyone else? >>
When anything like this goes down the powers that be go into CYA mode. Not all that surprising. There will be a few here that might be done with them, but for the most part their customers don't visit this message board before submitting. It will continue to be business as usual at PSA.
it never rains in California.......man, it pours.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i>it never rains in California.......man, it pours. >>
Seems I've often heard that kind of talk before
Doug
Liquidating my collection for the 3rd and final time. Time for others to enjoy what I have enjoyed over the last several decades. Money could be put to better use.
<< <i>By not answering specific questions and deleting anyone questioning PSA's business practices, I am worried about the future of PSA and the value of PSA graded cards.
Anyone else? >>
I would not worry about the value of the cards.
What business practices are you refering to? 4SC? I would not be questioning it. They have to grade their cards by the same standards as anyone else. Sometimes they get a grade they should not. Check ebay other people get slightly higher grades also. The grading system is not perfect, it is subjected to human error. If they just gave grades out, PSA would not be in business today.
That's my 2 cents.
Dave
I think Dave is dead on. But...
What if PSA is a front for a deep CIA undercover group that even the president doesn't know about. Probstien is actually a spy for China and a rouge grader from sgc is exposing their IRA connection. Green flip folks, think about it.
<< <i>
<< <i>it never rains in California.......man, it pours. >>
Seems I've often heard that kind of talk before >>
Actually that line is "It never rains in Southern California.
Rains up here in NorCal on a (usually) regular basis. And I mean that metaphorically too.
<< <i>Down 20 - 25% since my post...the trend is (not always) your friend. How long until a dividend cut? I predict soon! >>
Pretty impactful . . . Look what it has done to Apple, too!!!
Ebay Store:
Probstein123
phone: 973 747 6304
email: rickprobstein1@gmail.com
Probstein123 is actively accepting CONSIGNMENTS !!
http://www.unisquare.com/store/brick/
Ralph
<< <i>Perhaps they are protecting the value of their cards and CLCT by deleting threads they feel are unwarranted attacks on their character. >>
Anyone else? >>
What you worry???
The RSI on the stock is 8.18. You very rarely ever see stocks that oversold.
It looks like the short interest has picked up a decent amount in the past month so a few are definately making money on this decline.
The good news for CLCT is they have no debt but obviously the stock is not heading in the direction they want.
Ebay Store:
Probstein123
phone: 973 747 6304
email: rickprobstein1@gmail.com
Probstein123 is actively accepting CONSIGNMENTS !!
Doug
Liquidating my collection for the 3rd and final time. Time for others to enjoy what I have enjoyed over the last several decades. Money could be put to better use.
If the short sellers want to take their profits it will drive it right back up and since there are no options traded on this security they have no way of hedging out their gains by buying call options after this steep fall.
The volume looks to be fairly heavy today so perhaps the stock will reverse and close higher and stop the bleading.
Good luck to anyone who owns the shares.
Archaninator did you keep your short position on?
Your post came exactly right at the low and the stock has bounced 10% from that moment in time.
Hello everyone,
First of all, I hope everyone out there has a happy Thanksgiving weekend. Please enjoy the time with your family and friends.
Even though we all love collectibles, there are more important things in life and we should take the time to appreciate them.
As far as this post is concerned, I will make this short and sweet.
Do not confuse the performance of a stock, including CLCT, with the performance of an individual division, or PSA.
I am happy to report that PSA had an outstanding year last year and, after the first quarter this year (July-Sept), PSA has recorded double-digit growth year over year.
Things are VERY healthy at PSA and have been for a long, long time. Our brand is getting stronger and stronger thanks in huge part to your support.
In addition, anyone who wishes to post unfounded/ridiculous allegations will be removed from the boards - permanently.
The message boards can be a great place to meet fellow collectors and share information but we will not tolerate that kind of behavior.
Sincerely,
Joe Orlando
President
CEO, Collectors Universe, Inc.
What I have read on the threads recently are issues with noticeably longer grading turn around times. That suggests to me a busy PSA and also suggests many continue to view PSA as a "value added" service. I continue to believe it is a value added service.
With that said, I generally find the boards to be highly tolerant of an assortment of complaints. However, I do agree that bald accusations on these boards serve no benefit and PSA has every right to remove such comments (as would the owner of any board). I am all for civil discussion on any topic related to the hobby but such discussion should be supported, in my view, by reasoned opinion and, where necessary, facts.
In any event I am not a PSA employee. I am just a long time collector who has been on these boards for quite some time (though who does not post "regularly"). I will continue to enjoy the hobby and the value added afforded by PSA.
Cheers!
Matt
From the conference call transcripts: We continue to see a steady and increasing volume of submissions for grading sports cards and autographs too. Our PSA card grading business is tracking 12% ahead of last years's pace.
Me: It is nice to see continued strength in the PSA brand for trading cards.
<< <i>By not answering specific questions... >>
Heh.
PSA has zero motivation to improve the holder now.
WTB: 2001 Leaf Rookies & Stars Longevity: Ryan Jensen #/25
<< <i>I guess the customers have spoken, they prefer the PSA brand even if it means getting an inferior holder.
PSA has zero motivation to improve the holder now. >>
I dont think that PSA really has intentions to change their holder as there is literally no need to as you mentioned. Although, I suspect if they did change the holder there could potentially be a windfall for the company with many anal collectors wanting the new holders for all their cards, including the already graded cards in their collection. I can see many collectors submitting cards for re-holdering and PSA could make a mint offering a reholder special if they did design a new one.
I think at this point profit might prove to be their only motivation to make a holder change (this is not a rip on the company...only stating what I see as fact). I would personally like to see them keep the design of the current holder but make it more tamper evident. I think doing this will solidify their position as the grader of choice for many collectors.
<< <i>
<< <i>I guess the customers have spoken, they prefer the PSA brand even if it means getting an inferior holder.
PSA has zero motivation to improve the holder now. >>
I dont think that PSA really has intentions to change their holder as there is literally no need to as you mentioned. Although, I suspect if they did change the holder there could potentially be a windfall for the company with many anal collectors wanting the new holders for all their cards, including the already graded cards in their collection. I can see many collectors submitting cards for re-holdering and PSA could make a mint offering a reholder special if they did design a new one.
I think at this point profit might prove to be their only motivation to make a holder change (this is not a rip on the company...only stating what I see as fact). I would personally like to see them keep the design of the current holder but make it more tamper evident. I think doing this will solidify their position as the grader of choice for many collectors. >>
3rd party reholder'r?
Boy, I'll say one thing - when shorts scramble out of a thinly traded stock, it is a sight to behold.
As I said before there are no options on this stock so there is no way to hedge that position. Ouch.
<< <i>What is wild about CLCT is it has a short ratio of 29.20. I have never seen a stock with one that high.
As I said before there are no options on this stock so there is no way to hedge that position. Ouch. >>
That is a ton of short interest, especially on a micro cap. It's not entirely uncommon to see ratios that high (or higher!) in speculative biotechs, especially those depending on a binary event such as FDA approval.
I'm happy CLCT shareholders got almost a 10% bump today. I lost my nerve with it some time ago and sold for basically break even out of concerns for the dividend sustainability.
It's still on my watch list and I may jump back in if the fundamentals continue to improve... I do miss that divy yield.
Snorto~
<< <i>You may know this but the short ratio is the number of shares sold short divided by the average daily volume. The percentage of the float sold short was around 13%. There are tons of stocks that have a higher percentage of the float sold short but very few if any that would take 29.2 days of trading to cover. >>
Check out EXEL.
Snorto~
As of last month there was still a 15.90% short position.
Nice to see Collectors Universe stock doing well.
My Sandberg topps basic set
My Sandberg Topps Master set
This is the highest closing price for the companies stock in the past 10 years. If you look at a longer term chart it appears it hasn't been this high in over 13 years.
Doug
Liquidating my collection for the 3rd and final time. Time for others to enjoy what I have enjoyed over the last several decades. Money could be put to better use.
Bosox1976
Looking to BUY n332 1889 SF Hess cards and high grade cards from 19th century especially. "Once you have wrestled everything else in life is easy" Dan Gable
I think might be time to sell
gold and coin market is going into a bear market I believe far into the near future, as people hedging start to leave.