�Activist� PSA Shareholders Seeking Board Shakeup

phikappapsi · #1 06-19-2020, 09:31 AM

i remain somewhat amazed that someone with AI/Facial recognition hasn't poured resources into building a database from known exemplars of everything; and totally automated this process.

then every single card in could go through a weight, depth, density, measurement, blue light scan and be digitally graded. Fakes/Trims/rebacks?tea soaks etc - would all be caught in such a process.

Bigdaddy · #2 06-19-2020, 10:50 AM

Quote:

Originally Posted by phikappapsi

i remain somewhat amazed that someone with AI/Facial recognition hasn't poured resources into building a database from known exemplars of everything; and totally automated this process.

then every single card in could go through a weight, depth, density, measurement, blue light scan and be digitally graded. Fakes/Trims/rebacks?tea soaks etc - would all be caught in such a process.

+1

I think that they are seeing a company with a backlog of orders (not keeping up with demand), sorely lacking in technology and management vision, that could significantly step up it's game and increase shareholder returns.

Sean1125 · #3 06-19-2020, 10:53 AM

PSA has a backlog of 1,000,000 cards.

sportscardpete · #4 06-19-2020, 11:03 AM

I have dealt with numerous activists over the years. This letter is good. Taking the company private would be a good thing - if you don't have to manage the business to hit your quarterly numbers, you can take a longer-term view which is usually the best for the company. It seems like this letter wants them to bolster their business by spending, not the traditional activist route of cutting costs to bolster margins.

conor912 · #5 06-19-2020, 12:04 PM

Quote:

Originally Posted by Sean1125

PSA has a backlog of 1,000,000 cards.

Not to mention the x million sitting in inventories that would have been sent in had the backlog not been so bad. A six month wait time is completely and utterly unacceptable for any business, regardless of the product. I could have a Tesla built from scratch in less time than i can get a bulk submission back from PSA at this point.

Jay Wolt · #6 06-19-2020, 02:32 PM

Quote:

Originally Posted by conor912

Not to mention the x million sitting in inventories that would have been sent in had the backlog not been so bad. A six month wait time is completely and utterly unacceptable for any business, regardless of the product. I could have a Tesla built from scratch in less time than i can get a bulk submission back from PSA at this point.

Its not just PSA, SGC & Beckett are having long delays as well

Exhibitman · #7 06-19-2020, 02:39 PM

One reason I've not bothered with grading any of my sale inventory is the delay. I'd rather turn over the inventory quickly and move on to the next deal than wait half a year or more on the hope of scoring a money-making grade. If I think something is really, really sharp and might get a high grade, I just set it aside for the time being on the hope (perhaps misplaced) that the TPGs will get their acts together enough to clear some of that backlog. I can always sell a nice card but only if I have it in hand...

BeanTown · #8 06-19-2020, 02:57 PM

Maybe we will see a slight premium for cards already in the holder.

swarmee · #9 06-19-2020, 02:57 PM

FWIW, Anyone planning a value sub at current prices should send as soon as possible because they just hiked the 2017-current value level from $9 to $12/card with absolutely no forewarning.

And they now require that you DO NOT send your cardsavers with any kind of labels on the outside, after asking the exact opposite the last couple of years. People who submit a lot of the same card for bulk submitters are worried that the cards will now get rearranged accidentally and they may lose track of them. It may be done to reduce the ability of graders to see who submitted the cards (based on prior knowledge of label type).

Goudey77 · #10 06-20-2020, 01:25 PM

Quote:

Originally Posted by phikappapsi

i remain somewhat amazed that someone with AI/Facial recognition hasn't poured resources into building a database from known exemplars of everything; and totally automated this process.

then every single card in could go through a weight, depth, density, measurement, blue light scan and be digitally graded. Fakes/Trims/rebacks?tea soaks etc - would all be caught in such a process.

I know a lot of folks on here think cards are very important. But in the grand scheme of things this hobby is still a very old school niche category. Although volume of grading seems high the overall profit margin is probably not enough to justify implementing any sort of next level technology.

It is what it is...in my honest opinion.

swarmee · #11 06-20-2020, 01:51 PM

Quote:

Originally Posted by Goudey77

I know a lot of folks on here think cards are very important. But in the grand scheme of things this hobby is still a very old school niche category. Although volume of grading seems high the overall profit margin is probably not enough to justify implementing any sort of next level technology.

It is what it is...in my honest opinion.

It also has tremendous downside risks if everyone with currently graded altered cards then sends them back to PSA under their Grade Guarantee once they have computer/impartial grading.

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