I suspect, Bob, that PSA will aggressively downplay it with their auditors, and claim nothing is new here just an intensification of the chatter that's always in the background. I think they could probably afford a significant increase to the reserve, as they seem to have (you would know better than I would, interested in your opinion) a decent amount of cash for a company their size, but at the same time that could affect perception of their confidence in their own abilities to grade and I doubt they want to send that message. But we'll see.
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Four phrases I nave coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
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