Did PSA just get bought out?

shindo03 · 11-30-2020, 09:38 AM

https://seekingalpha.com/news/3639964

And of all the people to buy PSA out..... Glad it is someone that is blowout alumni.

smalltown · 11-30-2020, 09:41 AM

That's BIG.

Pollard7 · 11-30-2020, 09:41 AM

Wow.. big news. What do you think it will do to the value of PSA cards? Anything?

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Asian62150 · 11-30-2020, 09:41 AM

If this is true, this is GREAT news because Nat knows what the industry is about and can clean it up.

But does this mean they are possibly taking it private? Is that something you can do? I don't know how this stuff works. I think it would be bad if the company is no longer public. Less accountability.

rippev · 11-30-2020, 09:42 AM

Quote:

Originally Posted by Pollard7

Wow.. big news. What do you think it will do to the value of PSA cards? Anything?

Sent from my Pixel 3 XL using Tapatalk

No, but maybe it’ll be run by people that are more efficient and faster now.

shindo03 · 11-30-2020, 09:47 AM

Nat Turner has a very awesome PSA collection and he is very knowledgeable about Grading as well as the Hobby Industry. It is refreshing to see someone who is both passionate about grading and business be a big stake holder in PSA.

shindo03 · 11-30-2020, 09:48 AM

Quote:

Originally Posted by Asian62150

If this is true, this is GREAT news because Nat knows what the industry is about and can clean it up.

But does this mean they are possibly taking it private? Is that something you can do? I don't know how this stuff works. I think it would be bad if the company is no longer public. Less accountability.

I don't think it means it will be private, but I'm no guru with these topics...

rustywest · 11-30-2020, 09:51 AM

This guy huh... Nat Turner - blowout's fav high roller. The guy who lead by example in buying a trimmed Jordan PMG for a record price from the most unethical business in the industry, PWCC.

Lets hope instead of his own selfish interests he can do something positive for the hobby and clean up the debacle that is PSA grading. Leave a lasting legacy for collectors...

ClipsandVols · 11-30-2020, 09:53 AM

Quote:

Originally Posted by rustywest

This guy huh... Nat Turner - blowout's fav high roller. The guy who lead by example in buying a trimmed Jordan PMG for a record price from the most unethical business in the industry, PWCC.

Lets hope instead of his own selfish interests he can do something positive for the hobby and clean up the debacle that is PSA grading. Leave a lasting legacy for collectors...

People enjoy "washing his balls" because he's an actual collector who shares his experiences with us and treats people with respect. No reason to be a hater just because the guy worked his ass off and made a lot of money.

TarjetasBéisbol · 11-30-2020, 09:55 AM

Quote:

Originally Posted by shindo03

Nat Turner has a very awesome PSA collection and he is very knowledgeable about Grading as well as the Hobby Industry. It is refreshing to see someone who is both passionate about grading and business be a big stake holder in PSA.

Hmmm...so I guess his PSA collection will get even bigger, better and be filled with black label 10s now.

hxcmilkshake · 11-30-2020, 09:55 AM

Quote:

Originally Posted by rustywest

This guy huh... Nat Turner - blowout's fav high roller. The guy who lead by example in buying a trimmed Jordan PMG for a record price from the most unethical business in the industry, PWCC.

Lets hope instead of his own selfish interests he can do something positive for the hobby and clean up the debacle that is PSA grading. Leave a lasting legacy for collectors...

Yeah...I get some of that...basically any high roller is royalty here. Phil Hughes same boat because he opens alot of Sapphire lol

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shindo03 · 11-30-2020, 09:58 AM

Quote:

Originally Posted by rustywest

This guy huh... Nat Turner - blowout's fav high roller. The guy who lead by example in buying a trimmed Jordan PMG for a record price from the most unethical business in the industry, PWCC.

Lets hope instead of his own selfish interests he can do something positive for the hobby and clean up the debacle that is PSA grading. Leave a lasting legacy for collectors...

Wow....just wow. I don't think it's that people like wash his balls, I think it's the fact that it's not just some other guy that just has a bunch of money. Instead it's some guy that has a bunch of money that understands the industry and has interacted on this very forum prior to the hobby becoming more mainstream....

sebreg · 11-30-2020, 09:58 AM

Yeah, like others say, prob a good thing that someone like Nat who clearly loves the hobby, has tons of knowledge about the industry, and is very business savvy (I presume), bought the company.

win1977 · 11-30-2020, 09:59 AM

I am very long CLCT.. shares and derivatives... I am very happy !

Have a great day everyone !

tier1dc · 11-30-2020, 10:06 AM

Quote:

Originally Posted by Asian62150

If this is true, this is GREAT news because Nat knows what the industry is about and can clean it up.

But does this mean they are possibly taking it private? Is that something you can do? I don't know how this stuff works. I think it would be bad if the company is no longer public. Less accountability.

Quote:

Originally Posted by shindo03

I don't think it means it will be private, but I'm no guru with these topics...

stated in the press release.

Quote:

The transaction is expected to close in the first calendar quarter of 2021. Upon completion of the transaction, Collectors Universe will become a privately held company and its shares will no longer be listed on any public market.

GoNYGoNYGo · 11-30-2020, 10:07 AM

Quote:

Originally Posted by Asian62150

If this is true, this is GREAT news because Nat knows what the industry is about and can clean it up.

But does this mean they are possibly taking it private? Is that something you can do? I don't know how this stuff works. I think it would be bad if the company is no longer public. Less accountability.

Quote:

Originally Posted by shindo03

I don't think it means it will be private, but I'm no guru with these topics...

Yes with PE firms involved and the buyout being 75 per share they will more than likely be taking CU private. My guess is all CU shareholders received a form asking if they wanted to sell at 75 per share and the majority said yes. My company has gone from PE owned not traded to owned by Qualcomm Life and being publicly traded back to PE owned and private.

MIRRABB · 11-30-2020, 10:12 AM

Very interesting. For starters there is no way Joe Orlando should remain CEO. Can't be a clean company with him at the helm.

Boo · 11-30-2020, 10:14 AM

A customer buying a company that has subjective grading, sounds like it will be legit.

rustywest · 11-30-2020, 10:35 AM

Quote:

Originally Posted by MIRRABB

Very interesting. For starters there is no way Joe Orlando should remain CEO. Can't be a clean company with him at the helm.

Bingo

smalltown · 11-30-2020, 10:42 AM

I think this is great for PSA. But i also don't think its a coincidence PSA is selling out just as the Certified Collectibles Group is jumping into the sports card market. They're a well run and well funded group positioned to take a chunk out of the existing grading market (despite their ugly flips).

pingbling23 · 11-30-2020, 10:51 AM

You may have money but you don’t have nat turner wants psa 10s so bad I’ll just buy PSA type money.

Dame · 11-30-2020, 10:57 AM

Quote:

Originally Posted by pingbling23

You may have money but you don’t have nat turner wants psa 10s so bad I’ll just buy PSA type money.

Honestly, I think Nat is one of those few guys who really doesn’t care much about the grade as long as he has the card.

cashby · 11-30-2020, 11:22 AM

Quote:

Originally Posted by Dame

Honestly, I think Nat is one of those few guys who really doesn’t care much about the grade as long as he has the card.

well if that was the case i feel like he wouldn't be buying PSA 10

TimBuckTwo · 11-30-2020, 11:29 AM

Hmm...own the grading firm, own the value of your cards and future graded cards

r338 · 11-30-2020, 11:36 AM

David Hall, the original owner of PSA, had to sell his entire collection, including a high grade 1952 Topps baseball set, as he wanted to avoid potential conflicts. I wonder whether Nate will do this as well.

11-30-2020, 09:38 AM	#1
shindo03 Member Join Date: Jun 2012 Posts: 2,092	Did PSA just get bought out? https://seekingalpha.com/news/3639964 And of all the people to buy PSA out..... Glad it is someone that is blowout alumni.

11-30-2020, 09:41 AM	#2
smalltown Member Join Date: Sep 2013 Location: Canada Posts: 17,243 ifeature	That's BIG. __________________ Collecting: Raptors, Canadian Basketball Players, Vintage & More. PC: https://www.instagram.com/smalltown.cards/

11-30-2020, 09:41 AM	#3
Pollard7 Member Join Date: May 2015 Location: Idaho Posts: 1,118 Dr.monopoly7	Wow.. big news. What do you think it will do to the value of PSA cards? Anything? Sent from my Pixel 3 XL using Tapatalk __________________ Huge Fan of the 49ers, Yankees, Timberwolves, and all things Johnny Depp!! Sticker autos are destroying the hobby. Check out my YouTube page!

11-30-2020, 09:41 AM	#4
Asian62150 Member Join Date: Jan 2014 Posts: 6,464 Asian62150	If this is true, this is GREAT news because Nat knows what the industry is about and can clean it up. But does this mean they are possibly taking it private? Is that something you can do? I don't know how this stuff works. I think it would be bad if the company is no longer public. Less accountability. __________________ IG: Asian62150

11-30-2020, 09:51 AM	#8
rustywest Member Join Date: Jun 2018 Posts: 2,690	This guy huh... Nat Turner - blowout's fav high roller. The guy who lead by example in buying a trimmed Jordan PMG for a record price from the most unethical business in the industry, PWCC. Lets hope instead of his own selfish interests he can do something positive for the hobby and clean up the debacle that is PSA grading. Leave a lasting legacy for collectors... Last edited by blowoutcards4; 11-30-2020 at 01:35 PM. Reason: edited.

11-30-2020, 09:47 AM	#6
shindo03 Member Join Date: Jun 2012 Posts: 2,092	Nat Turner has a very awesome PSA collection and he is very knowledgeable about Grading as well as the Hobby Industry. It is refreshing to see someone who is both passionate about grading and business be a big stake holder in PSA.

11-30-2020, 09:58 AM	#13
sebreg Member Join Date: Sep 2020 Location: Phoenix, AZ Posts: 1,734 cardcollecting82	Yeah, like others say, prob a good thing that someone like Nat who clearly loves the hobby, has tons of knowledge about the industry, and is very business savvy (I presume), bought the company. __________________ Cards: http://www.instagram.com/cardcollecting82 My artwork: http://www.instagram.com/sebreg Flickr: https://www.flickr.com/photos/190656817@N03/albums

11-30-2020, 09:59 AM	#14
win1977 Member Join Date: Apr 2016 Posts: 119	I am very long CLCT.. shares and derivatives... I am very happy ! Have a great day everyone !

11-30-2020, 10:12 AM	#17
MIRRABB Member Join Date: Feb 2017 Posts: 2,035	Very interesting. For starters there is no way Joe Orlando should remain CEO. Can't be a clean company with him at the helm. __________________ Always looking for rare Herman Moore and Michael Redd cards...

11-30-2020, 10:14 AM	#18
Boo Member Join Date: Jul 2007 Location: PA Posts: 56,326 klay22	A customer buying a company that has subjective grading, sounds like it will be legit. __________________ I have found that flicking through a few threads on my smartphone is a great way to pass some time while "stocking the pond."Hairy 6/7/12 “ I feel you, brother. Welcome to East Berlin, circa 1963.” Hairy 5/9/20

11-30-2020, 10:42 AM	#20
smalltown Member Join Date: Sep 2013 Location: Canada Posts: 17,243 ifeature	I think this is great for PSA. But i also don't think its a coincidence PSA is selling out just as the Certified Collectibles Group is jumping into the sports card market. They're a well run and well funded group positioned to take a chunk out of the existing grading market (despite their ugly flips). __________________ Collecting: Raptors, Canadian Basketball Players, Vintage & More. PC: https://www.instagram.com/smalltown.cards/

11-30-2020, 10:51 AM	#21
pingbling23 Member Join Date: Jul 2011 Posts: 15,957 pingbling23	You may have money but you don’t have nat turner wants psa 10s so bad I’ll just buy PSA type money.

11-30-2020, 11:29 AM	#24
TimBuckTwo Member Join Date: Oct 2013 Posts: 10,102	Hmm...own the grading firm, own the value of your cards and future graded cards

11-30-2020, 11:36 AM	#25
r338 Member Join Date: Oct 2020 Posts: 397	David Hall, the original owner of PSA, had to sell his entire collection, including a high grade 1952 Topps baseball set, as he wanted to avoid potential conflicts. I wonder whether Nate will do this as well.