There might be pockets of weakness but the trading card market as a whole is in an uptrend.
From the CLCT press release on May 3rd.
That increase was driven by a $0.8 million, or 7%, increase in coin
service revenues and a $0.4 million, or 11%, increase in cards and autograph
service revenues.
Robert Deuster, Chief Executive Officer, stated, “We are very pleased with
the performance of our Company this last quarter and the growth in revenue and
profit achieved so far this year. The year-to-date growth in our international
and modern coin businesses are indicative of our focus on organic growth in
segments where brand preference, innovation and presence are important. The
momentum in our sports card business reflects the confidence collectors have
in graded cards and the rate of card submissions remains very high. Our US
businesses during the quarter provided strength to our overall global grading
activity, where Asian demand was lower due to seasonal holidays, resulting in
another record quarterly performance. Our outlook for 2017 remains very
positive.”
|