Gamestop buying Collectors (PSA & SGC)?
 

This guy claims GameStop will soon have around $2.8 billion in liquidity, and suggests that all the recent publicity surrounding their partnership with PSA points to a possible acquisition in the near future.

https://youtube.com/shorts/A8C36HWJE...R1TigdBnmYPcQD

According to a Reddit thread (super reliable, I know), for a while yesterday the PSA website was redirecting to GameStop in the EU, whatever that might mean.

https://www.reddit.com/r/Superstonk/...amestop_in_eu/

Turner is a smart businessman. With Gaming Cards being the biggest driver with all the hype what better time for Collectors to Capitalize and sell high to GameStop.

I know very little about this but not sure in recent times there has been a publicly traded company with more controversy surrounding stock price and trades than Game Stop.

If this were to happen, CGC picks up what is left of Collectors for 3 cents on the dollar 2 years from now.

That would be something if you could walk into any game stop and get a card graded by PSA right there on the spot.

If failing at your core business while a YouTuber and Reddit make your stock symbol famous to the vast majority of the nation that can’t spell IRA to pump your market cap to insane levels which allow you to issue billions $$ in diluted shares and then buy a business model that actually works isn’t the quintessential modern America then I don’t know what is.

Quite the mouthful right there..............

Or Turner et al buy it back for a similarly hilarious markdown.

I wouldn't trust many of the GME bag holders views.

They can't even understand why a retail outlet with 3000 stores buying bitcoin doesn't drive the price of the stock up.

If they were a bank, yeah. If they were a investment institution, yeah. If it was a small part of their financial situation, yeah.

Continuously issuing convertible bonds in order to do things that don't involve those 3000 stores isn't exactly a business model until they expressly state they're reforming what GME actually does as a business.

Have you been to a gamestop? Them grading anything is a huge leap of faith, and I don't like PSA at all.

Graded by Mr. AI and his disciples, no doubt.

If there was a number less than zero, that would be the chance of this happening.

+1 . couldnt make it up and be believed.

Talk about a giant, incomprehensible run-on sentence..........

Proper grammar and punctuation are your friends; use them!

Steve

I understand neither absurdism nor sarcasm are universal languages, however translation tools are readily available.

The CEO announced they are expanding into the trading card market but it's not clear if that means just expanding their offerings or acquisitions as some suggested. https://www.gamespot.com/articles/ga.../1100-6532407/. They either have to evolve or go the way of Blockbuster so it will be interesting to see what they do.

the last time I went to the mall of america i stepped into gamestop. It was packed with people...and the store was packed with all kinds of collectibles in addition to "games." Unopened boxes of all kinds of modern cards...why not sell graded slabs. It was like walking into ebay!

Some do sell graded slabs in store, and a lot more online.

The recent Pokemon upswing as well as collectables in general has been one of the few bright spots for sales in their actual physical locations, more than games/software.

One of my former Beckett teammates now works for Gamestop (not sure exactly what position there) and said their involvement with cards has really helped their business

Would be apropos for a calling of the "top of the market"

Geoff Wilson apparently released a tidbit of info, which I'll paraphrase below:

I'm a super-duper important hobby blowhard who has Nat Turner on speed dial. I chatted with him - he's always willing to share top-secret information with me. After all, I'm...me. Anyways, he told me Game Stop is absolutely, positively not going to acquire PSA. I know, my good buddy Nat runs PSA and he's on the Board of Directors for Game Stop. Still, that wouldn't stop him from telling me everything. I'm a hard-hitting serious journalist, a hobby mega-influencer, and a close personal friend. I'm the best thing since Gary Veeeee. Hell, I'm more important than Louis TAINT! Who wouldn't want to keep me in the know?!?!?!?

Disclaimer: the preceding message was satire. It was meant to illustrate Geoff Wilson's self aggrandizing behavior, limited hobby knowledge, and general buffoonery.

Any other monetary stream would help their business. Is Gamestop still a thing? I don't play video games but my daughter and her husband do. I don't think they go to Gamestop though.
.

It’s a dying business model. Their core business is selling new and used video games. The problem is the industry is transitioning away from physical media much like the movie industry did. The vast majority of games now require you to download the entire game from the disk to the system (plus large data online downloads) so there is really no point to drive to GameStop and buy the game when you wake up the morning the game releases and it’s already downloaded on your gaming system. It wouldn’t surprise me if by the end of this decade the gaming companies completely stop selling the physical media and it will almost certainly happen within 10-15 years. They are essentially blockbuster circa 2005.

Despite this, their market cap in 2021 jumped from about $1 billion to $100 billion mainly because a guy on Reddit got upvoted with a bunch of fake internet points and financially illiterate people bought an astronomical amount of idiotic OTM leaps at valuations almost comically high. Like any self respecting capitalist company whose failing business was instantly valued 100x times higher overnight, they issued diluted shares at the new insane valuation and pocketed billions. In the following years the stock will randomly run to absurd levels, the company will issue more direct shares, and when the stock crashes back again it blamed alternatively on Wall Street, Ken Griffin, or Robinhood. Meanwhile the company is now run by the guy that pump and dumped Bed, Bath, and Beyond in bankruptcy and realizing the core business has as much of a future as polio iron lungs, attaches the company to whatever is the “IT” occurrence in the social consciousness (crypto, AI, and now collectibles) when at the end of the day all they really do is sell used video games.

Update: The same YouTuber says that he has received information that GameStop has made an offer to buy Collectors.

https://youtube.com/shorts/aKLwqXR4o...TbdtowwNR0-cxs

Same dude has a video that Fanatics Fest "may be" cancelled forever...and other weird insider knowledge (such as knowing PSA's financials) without any actual knowledge in his videos.

They have a ton of insider industry pieces with no substance.

I'll wager about Fanatics Fest that you tuber is beyond clueless

He hosted a party at the National and opened packs with Michael Rubin, so he seems to be somewhat connected.

Either he’s spot on and it happens, or he’s like one of the finance guys that has predicted the last 10 of the last 2 recessions.

From what I’ve seen lately, one could say the same about most YouTube sports card content creators.

I couldn't watch the whole extended speculation fest, but it seems to be because it lost money.

...as if having the NYT, CNN, and other media outlets writing about your event for a week+ and why it exists is somehow less important than people buying tickets to go to an event and turning a profit...along with every celebrity they over-booked slamming ads/notification out on their social media for weeks/months.

These guys are supposed financial card market insiders that only seem to understand "money in" vs "money out" in transactional situations.

Fanatics Fest is not, at the moment, from what I can gather, designed to be a money-making venture for Fanatics. Instead, it's a publicity machine to further get their name out to the wider audience. And when you are as profitable as Fanatics appears to be, you can do events such as this to increase your reach even more. Getting your name to the NYT, CNN and everything else has a benefit above just $$ and Cents.

Received a coupon in email from PSA with a code for $100 off on 10 cards or $50 off on 5 cards.

So they definitely trying to grab as much cash as possible before they turn out the lights.