Psa - regular submission are back

[BobC]

Originally Posted by parkplace33

I received this email from psa today:

PSA continues to devote over 80% of our resources to processing the backlog. Due to continuous capacity expansion, we are now able to bring back the ‘Regular’ Service Level. Regular is for cards valued at $1499 or less and will be processed in less than 90 days door-to-door at a price of $100 per card. With the return of Regular, PSA is taking another step towards bringing back lower priced service levels in 2022.

A few thoughts:

1. I wonder if they did this because they were not getting a healthy amount of submissions at the $150 level.
2. 90 days total or 90 business days?
3. Is the lottery system they were talking about now out?
4. Will regular permanently be $100?
5. I was recent reading the backstory of Nat Turner. He has been with psa for over a year. In the past, he has bought companies and then sold them a few years later. How long does he stay at psa?

Don't know about the first four questions, but my guess on #5 is when the multiples on EBITDA are what he wants them to be.

Isn't Nat Turner pretty much like Edward, Richard Gere's character in "Petty Woman", who buys/invests in companies to grow and then make money off them, except Nat isn't ever going to do things like build great big ships?

[Peter_Spaeth]

Originally Posted by BobC

Don't know about the first four questions, but my guess on #5 is when the multiples on EBITDA are what he wants them to be.

Isn't Nat Turner pretty much like Edward, Richard Gere's character in "Petty Woman", who buys/invests in companies to grow and then make money off them, except Nat isn't ever going to do things like build great big ships?

Unless he's having too much fun.

[BobC]

Originally Posted by Peter_Spaeth

Unless he's having too much fun.

LOL Then let's hope he has fun. I really don't know much about him personally, but understand he enjoys the hobby and is somewhat of a collector himself. Also know he's a member here, and on other boards, so he could be reading this as well. But I believe when it comes to an investment like he and others along with him have made, he's going to be a businessman first, and a hobby collector a little further down the totem pole. Couldn't (and wouldn't) blame him for takin' care of business (props to BTO).

[glchen]

Any news on when Beckett will be resuming Standard or Economy grading and how long their backlog currently is? I have some oversized items that I would like to send to Beckett someday when things are back to "normal."

[Johnny630]

To me $100 is a good step by PSA. I think Regular will be back down to $50 a card by middle to end of this year. As for lower specials that will come as well. IMO The market will dictate what PSA does, the Market is owned by PSA :-)

PSA has a wide and deep Moat, it has not shallowed or narrowed one bit.

The competition, SGC/BGS, missed the boat again.

[bobbyw8469]

Originally Posted by Johnny630

To me $100 is a good step by PSA. I think Regular will be back down to $50 a card by middle to end of this year. As for lower specials that will come as well. IMO The market will dictate what PSA does, the Market is owned by PSA :-)

PSA has a wide and deep Moat, it has not shallowed or narrowed one bit.

The competition, SGC/BGS, missed the boat again.

Agreed. PSA got overrun with modern basketball and Pokemon. Cards were being graded that simply had no business being graded. People thought they were printing money. Now look where we are.

[Johnny630]

Originally Posted by bobbyw8469

Agreed. PSA got overrun with modern basketball and Pokemon. Cards were being graded that simply had no business being graded. People thought they were printing money. Now look where we are.

A lot of people who submitted all those cards you mentioned are gonna be stuck with a lot of junk that isn't worth what they paid for grading.

Hopefully this will be a lesson to them not to submit S cards, people are stupid though, history always seems to repeats itself.