PSA Stock is Booming

perezfan · #1 10-13-2020, 11:40 AM

Hmmm... very similar to Enron, before things went south.

bobbyw8469 · #2 10-13-2020, 11:54 AM

I was this close to buying some at $15 back in June. Now I wish that I had.

sportscardpete · #3 10-13-2020, 12:10 PM

Pricing power and a sustainable moat. Hard to come by.

Casey2296 · #4 10-13-2020, 12:42 PM

Quote:

Originally Posted by bobbyw8469

I was this close to buying some at $15 back in June. Now I wish that I had.

How to use PSA to your advantage.
Buy 1000 @ $15 in June, sell 1000 @ $60 in Sept. Buy 1 E121 Ruth (throwing) in October.

GasHouseGang · #5 10-13-2020, 01:02 PM

Quote:

Originally Posted by Casey2296

How to use PSA to your advantage.
Buy 1000 @ $15 in June, sell 1000 @ $60 in Sept. Buy 1 E121 Ruth (throwing) in October.

Graded by SGC no doubt!

jakebeckleyoldeagleeye · #6 10-13-2020, 01:05 PM

Quote:

Originally Posted by Casey2296

How to use PSA to your advantage.
Buy 1000 @ $15 in June, sell 1000 @ $60 in Sept. Buy 1 E121 Ruth (throwing) in October.

Don't forget good old Uncle Sam!

trambo · #7 10-13-2020, 01:29 PM

Quote:

Originally Posted by perezfan

Hmmm... very similar to Enron, before things went south.

..although it's highly doubtful that Collector's Universe is working in off balance sheet partnerships to create false profits. So not similar at all except for a jump in stock price.

Yoda · #8 10-13-2020, 02:00 PM

I hope, after the price run-up, they are considering selling a bit of treasury stock and hiring a few more experienced graders to deal with their ponderous backlog.

Throttlesteer · #9 10-13-2020, 02:43 PM

What's the going rate for 8-month service levels now?

Fred · #10 10-13-2020, 08:00 PM

Quote:

Originally Posted by Throttlesteer

What's the going rate for 8-month service levels now?

I sure hope that was a joke. If so, it's funny!

Misunderestimated · #11 10-14-2020, 03:26 PM

What percentage of Collector's Universe is PSA ?

I thought that the PSA brand/business (cards and especially sports card grading and authentication) was one of the things that comprises CC's businesses. My recollection was that PSA was a "cash cow" for CC over the past 5-10 years *... I don't remember much else.

Also, as with any stock rising over the past several years, another germane question may be how much is being bought back by the company?

There are some real finance-types who frequent this board who could tell us just how much of this rise in CC's price can be attributed to PSA's recent success during the past several (COVID-19) months. My best guess is that there is some relationship but again its not my area of expertise .....
---------
* I think PSA's profitability was one of the reasons that its leader Joe Orlando was promoted to leadership of all of CC .... You can agree or disagree with how he ran/runs the company as a collector/card investor but my understanding has been that it was a success by the common measurements applied to American CEOs over the past 30+ yrs..... Again someone with an expertise in business/finance could speak to this with greater aptitude than me....

sportscardpete · #12 10-14-2020, 03:44 PM

PSA is ~43% of revenue.

Exhibitman · #13 10-13-2020, 03:16 PM

Quote:

Originally Posted by Yoda

I hope, after the price run-up, they are considering selling a bit of treasury stock and hiring a few more experienced graders to deal with their ponderous backlog.

Why mess with success?

As of right now, PSA has a double-secret back-log

Fred · #14 10-13-2020, 08:00 PM

What was that term used back in the late 1990s and early 2000s? Oh yeah, "irrational exuberance". It's a great time to be in the market as long as you were in it long before this run-up.

There's a lot of people that are anxious and wanting to put their money "somewhere".

Kind of weird when you think about this hobby and the term "house of cards".

Do you sell now and pick it up on the cheap after the collapse? Or do you hold on to them?

Ok, hope I didn't freak anybody out...

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Yahoo Finance - cards booming	Touch'EmAll	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	19	09-05-2020 08:54 PM
Flip stock?	ejstel	Postwar Baseball Cards Forum (Pre-1980)	8	03-31-2020 09:03 PM
WTB: stock certificates	cj8311	Baseball Memorabilia B/S/T	0	09-01-2014 11:49 AM
FS E220 Stock PSA 2	t213	Pre-WWII cards (E, D, M, etc..) B/S/T	1	11-07-2010 09:35 AM
Thin stock pre-war cards	asphaltman	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	25	07-15-2010 01:05 PM