Fanatics buys PWCC

[theshowandme]

Originally Posted by theshowandme

Fanatics can now take cards fresh off the presses with defects, use PWCC certified trimmers, get them over to some buddies at PSA, and move cards through auctions.

Brilliant move

Originally Posted by Peter_Spaeth

How great would it be if the flips identified the trimmer? PWCC-GM.

GM print run might water down his market since it will be so high, but the lower print run, or mare scarce pieces by other trimmers is where the $ will be at

[slightlyrounded]

Would love to see the indemnity clauses in the purchase contract.

[G1911]

I guess I've bought my last ever box of Topps now. Shame.

[Peter_Spaeth]

Originally Posted by slightlyrounded

Would love to see the indemnity clauses in the purchase contract.

Not to mention the reps and warranties.

[stlcardsfan]

Originally Posted by Peter_Spaeth

Not to mention the reps and warranties.

I wonder if “shill” and “trim” are defined terms.

[raulus]

Originally Posted by stlcardsfan

I wonder if “shill” and “trim” are defined terms.

We can only speculate…but as long as we’re speculating…

I didn’t write the docs on this one, but I’m guessing they probably stuck to broad concepts like fraud rather than trying to get too specific.

But maybe they used both!

[Exhibitman]

If PWCC was in a debt squeeze I'd guess Fanatics got it for nothing more than the debt. As for which TPG it will buy, I say BGS. Beckett spins off a division and still has its information empire, and BGS has a good following among the shiny crapsters, which is what Fanatics is all about. SGC isn't shiny or crappy enough.

[BeanTown]

Originally Posted by Exhibitman

If PWCC was in a debt squeeze I'd guess Fanatics got it for nothing more than the debt.

Plus, the percentage of the debt they would actually have to pay the debtors would be a fraction of what was actually owed. I’m sure who guaranteed it, along with what role the debtors play going forward with their new business model, has a lot to do with what the percentage of monies owed to them, would be paid. Basically a per case basis.

[JustinD]

Originally Posted by Exhibitman

If PWCC was in a debt squeeze I'd guess Fanatics got it for nothing more than the debt. As for which TPG it will buy, I say BGS. Beckett spins off a division and still has its information empire, and BGS has a good following among the shiny crapsters, which is what Fanatics is all about. SGC isn't shiny or crappy enough.

I think you hit it on the head..."troubled asset".

This was a get out plan if I have ever saw one. It's just my thoughts, but buying like this gives me pause on not expecting anything other than "chapter" followed by one of 3 different numbers in a press release concerning Fanatics in a little more than a decade.

I expect a TPG buy also and BGS would not be out of the picture. You can see that already in the history of Topps Vault. They have already sold Beckett slabbed 1/1s, proofs, blank backed and whatever else they could drum up in the past. The new release slabbed 1/1s and proofs would often get listed multiple times just to get a starting bid price. It's an idea that will fizzle quickly.

[Peter_Spaeth]

Originally Posted by theshowandme

GM print run might water down his market since it will be so high, but the lower print run, or mare scarce pieces by other trimmers is where the $ will be at

DFs could command premiums.

[bnorth]

Originally Posted by Peter_Spaeth

DFs could command premiums.

DMs do amazingly well and have for a very long time.

[rhettyeakley]

Strange move IMO. Not sure they needed to do that but so be it. Hopefully Brent and the known card doctors are no longer involved.

[Johnny630]

When are they Changing the Name...that would be the first order of business. Rid themselves of their past history.

[Peter_Spaeth]

Originally Posted by Johnny630

When are they Changing the Name...that would be the first order of business. Rid themselves of their past history.

Fanatics says no plans for now to change operations or branding, but that won't last IMO.

[Johnny630]

Originally Posted by Peter_Spaeth

Fanatics says no plans for now to change operations or branding, but that won't last IMO.

Totally Agree