PWCC contract with SGC cancelled???

Oscar_Stanage · #1 07-07-2021, 07:25 PM

Quote:

Originally Posted by Johnny630

I guess everyone has their price��

https://m.youtube.com/watch?v=lgj3_W...Y24OYCMrncxrrc

this is certainly true.
one thing that SGC might bring to the table is capacity. they are the only grader who solved the bottleneck problem and invested in their own capacity. PSA might be a little worried about losing some business for making people wait a year for cards. If they acquire SGC they can probably cut their backlog in half. SGC has definitely mastered the grading process.

Peter_Spaeth · #2 07-07-2021, 07:31 PM

Quote:

Originally Posted by Wid_Conroy

this is certainly true.
one thing that SGC might bring to the table is capacity. they are the only grader who solved the bottleneck problem and invested in their own capacity. PSA might be a little worried about losing some business for making people wait a year for cards. If they acquire SGC they can probably cut their backlog in half. SGC has definitely mastered the grading process.

I admittedly haven't done a sophisticated analysis, but neither is this AT&T thinking about buying Sprint, or even PSA as public company needing shareholder approval, it's one very wealthy guy and his partners. If they can take out probably their best competitor for relatively little money by their standards, and acquire badly needed graders in the process, why not do it?

BeanTown · #3 07-07-2021, 07:39 PM

Maybe there will be one registry for all graded cards if enough mergers/buyouts happen. This is one of the main reasons as a collector, I would never grade a card until it�s time to sell.

Casey2296 · #4 07-07-2021, 07:45 PM

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

Peter_Spaeth · #5 07-07-2021, 07:53 PM

Quote:

Originally Posted by Casey2296

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

Nobody suggested PSA had bought PWCC, did they?

chadeast · #6 07-07-2021, 07:56 PM

Quote:

Originally Posted by Peter_Spaeth

Nobody suggested PSA had bought PWCC, did they?

I'm assuming that he was referring to Brent Martin.

Leon · #7 07-07-2021, 07:59 PM

Quote:

Originally Posted by chadeast

I'm assuming that he was referring to Brent Martin.

I took it a different way but was wrong

.

Peter_Spaeth · #8 07-07-2021, 07:59 PM

Quote:

Originally Posted by chadeast

I'm assuming that he was referring to Brent Martin.

I see, not a name I knew. Phil did you ask him the follow up question, are there discussions?

carlsonjok · #9 07-07-2021, 08:40 PM

Quote:

Originally Posted by Casey2296

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

Peter_Spaeth · #10 07-07-2021, 08:42 PM

Quote:

Originally Posted by carlsonjok

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

Brent used the word "still" maybe that was significant in context. I can't remember the HSR thresholds now, I'll have to look that up. They're fairly large though. I thought the transaction size had to be somewhere around $90 million.

Casey2296 · #11 07-07-2021, 08:46 PM

Quote:

Originally Posted by carlsonjok

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

No doubt. I wanted to get some feedback from an SGC rep in case they want to make a larger statement here or on their website.

maniac_73 · #12 07-08-2021, 06:43 AM

I posed the question to Nats Turner on Twitter and he asked where I heard it so I directed him to this thread. Would be interested to see what he says.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Cancelled	robw1959	Tobacco (T) cards, except T206 B/S/T	2	07-19-2020 03:27 PM
cancelled	hcv123	Live Auctions - Only 2-3 open, per member, at once.	0	06-03-2020 10:40 AM
Cancelled	NewEnglandBaseBallist	Live Auctions - Only 2-3 open, per member, at once.	0	03-04-2010 08:00 PM
Cancelled	jerrys	Live Auctions - Only 2-3 open, per member, at once.	3	11-10-2009 05:11 PM
Cancelled	jerrys	Live Auctions - Only 2-3 open, per member, at once.	1	11-10-2009 10:36 AM