Quote:
Originally Posted by BobC
You're not being a hater, that is exactly what I was saying and asked about back in post #6.
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I guess great minds think alike.
I’m guessing that once we start adjusting for stuff, it might not be quite as dramatic. I wouldn’t be surprised if 50% or more of the PSA volume was getting through their backlog. At one point a few months ago they announced that 85% of their capacity was dedicated to the backlog. I’m sure it has come down by now, but finally getting around to grading stuff that has been waiting on your desk for over a year seems like it’s maybe a bit of false bravado.
As others have noted, some portion of the items are also going to be non sport items, like garbage pail kids and Pokémon cards, and I guess Funko Pops, whatever those are…
My suspicion is that a good chunk of PSA’s action is in these items, and that’s before we even start talking about adjusting for other sports like basketball football soccer etc. Many of which seem to be picking up of late.
All of which is a long way of suggesting that the top line numbers probably obfuscate as much as they reveal in terms of real dominance in our market. Particularly if you define our market as simply the areas that this group primarily cares about.
10-15-2022, 10:18 AM
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