thehumantorch Posted October 31, 2017 Share Posted October 31, 2017 On 10/27/2017 at 9:59 AM, Tony S said: Those aren't the only two primary reasons companies get bought out. Another big reason is companies want to move into new markets, diversify their business I've been expecting one of the sports card grading companies to move into the graded comic market for a long time. At first the market looked to small for another successful comic grading company. But CGC has now graded over 4 million comics and the pace at which they reach the next million milestones has greatly accelerated. It appears based on press releases that the went from 3 to 4 million in about a year and half. It took seven years to reach one million, five years to reach two million, less than four to hit three million. It was in summer of 2016 when they said they had graded over three million - and now it's 4.1 million. Meanwhile, the first real competition to CGC entered the market four years ago and while they haven't released numbers, they have repeatedly said in the first year they reached levels of books graded they thought would take several years. Lots of businesses looking to move into a new field simply buy an already established business in that field. It's lot cheaper than trying to establish a brand new company. hie staff, build facilities and compete with the already established businesses. Big banks love to move into new territories - and the most favored path is to buy up small regional banks. When Microsoft wanted to make phones, they went and bought Nokia. When big computer and hardware manufactures wanted to move into services, they did so buy buying established services companies. HP bought EDS. Xerox bought ACS. Dell purchased Perot Systems. So I think what we see her is Beckett moving into a new, promising market for them and playing it smart buy purchasing the #2 company in that market. Rather than trying to establish a #3 Wonderful post. Old Fashion PB and J and Tony S 1 1 Link to comment Share on other sites More sharing options...
Jaydogrules Posted October 31, 2017 Share Posted October 31, 2017 (edited) Looks like Voldy slabs are already tanking (even more) as the news of the company going belly up and having to be rescued by a generally scorned company in the card business gets out there. Here's just a couple of recent low lights of commonly traded books with comparable recent CGC slab sales: http://offer.ebay.com/ws/eBayISAPI.dll?ViewBids&showauto=true&item=122768213909&rmvSB=true&ul_ref=http%3A%2F%2Frover.ebay.com%2Frover%2F1%2F711-53200-19255-0%2F1%3Fff3%3D4%26campid%3D5335849815%26toolid%3D10034%26customid%3DeBay-US_go-url_-76d1aaf11675--www.watchcount.com-ilu.ihist3.122768213909.-_wcc%26mpre%3Dhttp%253A%252F%252Foffer.ebay.com%252Fws%252FeBayISAPI.dll%253FViewBids%2526showauto%253Dtrue%2526item%253D122768213909%26srcrot%3D711-53200-19255-0%26rvr_id%3D1351122086248 https://www.ebay.com/itm/New-Mutants-98-CGC-9-8-UNREAL-HIGH-GRADE-Marvel-Comic-KEY-1st-Deadpool-Gideon/202082556631?hash=item2f0d0f1ad7:g:PbcAAOSwEqtZ5Aug&redirect=mobile https://www.ebay.com/itm/THE-NEW-MUTANTS-87-1ST-APP-CABLE-NO-RESERVE-9-8-KEY-ISSUE-MOVIE-HOLY-GRAIL/263280733894?hash=item3d4cc12ec6:g:SaoAAOSwevdZ8PMA&redirect=mobile http://offer.ebay.co.uk/ws/eBayISAPI.dll?ViewBidsLogin&item=112618968143&item_hash4=43204a71&LH_Complete=1&LH_BIN=1&_pgn=1&rc=nt&_trksid=p3750801.m370.h1613&rmvSB=true&ul_ref=http%3A%2F%2Frover.ebay.com%2Frover%2F1%2F711-53200-19255-0%2F1%3Fff3%3D4%26campid%3D5335849815%26toolid%3D10034%26customid%3DeBay-US_go-url_-76d1aaf11675--www.watchcount.com-ilu.ihist.112618968143.-_wcc%26mpre%3Dhttp%253A%252F%252Foffer.ebay.co.uk%252Fws%252FeBayISAPI.dll%253FViewBidsLogin%2526item%253D112618968143%2526item_hash4%253D43204a71%2526LH_Complete%253D1%2526LH_BIN%253D1%2526_pgn%253D1%2526rc%253Dnt%2526_trksid%253Dp3750801.m370.h1613%26srcrot%3D711-53200-19255-0%26rvr_id%3D1351181630470 Sell! Sell! Sell those Voldy slabs! -J. Edited October 31, 2017 by Jaydogrules Link to comment Share on other sites More sharing options...
Transplant Posted October 31, 2017 Share Posted October 31, 2017 2 minutes ago, Jaydogrules said: Looks like Voldy slabs are already tanking (even more) as the news of the company going belly up and having to be rescued by a generally scorned company in the card business gets out there. Reported to the mods. I suggested they may want to reconsider letting you continuously spout lies, as it could be considered libel. Logan510, lizards2 and Old Fashion PB and J 3 Link to comment Share on other sites More sharing options...
Jaydogrules Posted October 31, 2017 Share Posted October 31, 2017 (edited) 6 minutes ago, Transplant said: Reported to the mods. I suggested they may want to reconsider letting you continuously spout lies, as it could be considered libel. Truth is an absolute defense. And the proof is in the pudding in the links cited above. -J. Edited October 31, 2017 by Jaydogrules Link to comment Share on other sites More sharing options...
Transplant Posted October 31, 2017 Share Posted October 31, 2017 2 minutes ago, Jaydogrules said: Trust is an absolute defense. -J. You're as sharp a legal mind as you are a writer. Logan510 and Old Fashion PB and J 2 Link to comment Share on other sites More sharing options...
Old Fashion PB and J Posted October 31, 2017 Share Posted October 31, 2017 5 minutes ago, Transplant said: Reported to the mods. I suggested they may want to reconsider letting you continuously spout lies, as it could be considered libel. This is one of those cases where the person believes it could never happen until they get served the papers. And that has even happened from people talking here on these boards in the past if I remember correctly. Link to comment Share on other sites More sharing options...
Iceman399 Posted October 31, 2017 Share Posted October 31, 2017 Is there anything to suggest that Voldy is going belly up? or is Jdawg talking again? lizards2 1 Link to comment Share on other sites More sharing options...
Old Fashion PB and J Posted October 31, 2017 Share Posted October 31, 2017 3 minutes ago, Iceman399 said: Is there anything to suggest that Voldy is going belly up? or is Jdawg talking again? Let me assssssk you a few questions Link to comment Share on other sites More sharing options...
shadroch Posted October 31, 2017 Share Posted October 31, 2017 I wish my company would go belly up enough to make it attractive to a few of the bigger players in the hobby world. Heck, I wish it was doing well enough to simply double the number of employees. That's what failing companies do, right? Expand their labor force? Tony S and jimjum12 1 1 Link to comment Share on other sites More sharing options...
Jaydogrules Posted October 31, 2017 Share Posted October 31, 2017 (edited) 4 minutes ago, Iceman399 said: Is there anything to suggest that Voldy is going belly up? or is Jdawg talking again? Yes, this is me pointing out the tasteless hypocrisy of a few who are afraid of the writing that's on the wall and instead of discussing their fears and concerns in an honest manner on the proper venue (hint-it isn't the CGC boards), they deflect and insult as if that will save their sinking ship. -J. Edited October 31, 2017 by Jaydogrules Link to comment Share on other sites More sharing options...
Lazyboy Posted October 31, 2017 Share Posted October 31, 2017 15 minutes ago, shadroch said: I wish my company would go belly up enough to make it attractive to a few of the bigger players in the hobby world. Heck, I wish it was doing well enough to simply double the number of employees. That's what failing companies do, right? Expand their labor force? I remember when Marvel went belly up and had to be rescued by Disney. It was too bad, because it had seemed like they had recovered from the problems that had previously forced them to declare bankruptcy. Tony S 1 Link to comment Share on other sites More sharing options...
FN-2199 Posted October 31, 2017 Share Posted October 31, 2017 4 minutes ago, Lazyboy said: I remember when Marvel went belly up and had to be rescued by Disney. It was too bad, because it had seemed like they had recovered from the problems that had previously forced them to declare bankruptcy. They needed Marvel to salvage losses from ESPN... and then they extended Stephen A. Smith Link to comment Share on other sites More sharing options...
Logan510 Posted October 31, 2017 Share Posted October 31, 2017 1 hour ago, Jaydogrules said: Yes, this is me pointing out the tasteless hypocrisy of a few who are afraid of the writing that's on the wall and instead of discussing their fears and concerns in an honest manner on the proper venue (hint-it isn't the CGC boards), they deflect and insult as if that will save their sinking ship. -J. But they didn't go "belly up", you have no actual details of how this all went down, just "writing on the wall" aka your speculation. It's very disingenuous to present your information as fact rather than opinion. namisgr and Tony S 2 Link to comment Share on other sites More sharing options...
Jimmy Linguini Posted October 31, 2017 Share Posted October 31, 2017 (edited) How long do I have to wait for the "shill bid" argument to come up? I don't have all day. Edited October 31, 2017 by Jimmy Linguini Link to comment Share on other sites More sharing options...
fastballspecial Posted October 31, 2017 Share Posted October 31, 2017 5 hours ago, Mr. Zipper said: 6 hours ago, fastballspecial said: ...a dealer had several slabs from that garage in the Northwest. I asked him why do you have so many of these you know about the reputation right? He told me sure he did, but he was still made a good market up on the book and it was much cheaper for him to slab. He planned to continue to use them because he told me they sometimes inflate grades as well so it helps him. I walked away just stunned. This surprises or stuns you? Across all fields, there are an alarming number of collectors and dealers who couldn't care less about the actual grade, authenticity or existence of restoration. To them, all that matters is that **someone** "certified" it. Well this new style of dealers is sometimes hard to understand. These 2 guys had the PGY slabs I have ever seen in one table. I rarely see more then 1 or 2 per dealer most of the time so I was curious and asked him. Very nice guys I bought around $50 of raw books from them it just struck me as very strange. Link to comment Share on other sites More sharing options...
fastballspecial Posted October 31, 2017 Share Posted October 31, 2017 2 hours ago, Lazyboy said: 2 hours ago, shadroch said: I wish my company would go belly up enough to make it attractive to a few of the bigger players in the hobby world. Heck, I wish it was doing well enough to simply double the number of employees. That's what failing companies do, right? Expand their labor force? I remember when Marvel went belly up and had to be rescued by Disney. It was too bad, because it had seemed like they had recovered from the problems that had previously forced them to declare bankruptcy. I had stock when the crumbled. I was pissed. I was 21 and had bought my first stock. The stock split 2 times in over a year unheard of back then. I should have paid more attention to the news at the time, but I was young. Link to comment Share on other sites More sharing options...
fastballspecial Posted October 31, 2017 Share Posted October 31, 2017 5 hours ago, Bomber-Bob said: 6 hours ago, fastballspecial said: Interesting side point. I was at the Louisville Derby Con last week and a dealer had several slabs from that garage in the Northwest. I asked him why do you have so many of these you know about the reputation right? He told me sure he did, but he was still made a good market up on the book and it was much cheaper for him to slab. He planned to continue to use them because he told me they sometimes inflate grades as well so it helps him. I walked away just stunned. Why are his remarks so 'stunning' ? His remarks would apply to CGC also. He submits because there is a good markup on the book. Ditto CGC. Sometimes he gets inflated grades, assuming this means higher than he thought the book graded, ditto CGC. Don't even try to rebuttal that CGC never overgrades. LOL. I don't slab much you know this. I was just stating what I saw. I had just never seen so many PGY slabs at one table before. They seemed rather proud of it which did strike me a strange. They were nice younger guys I bought several raws off them at good prices. I had just never heard a dealer say that before and knowingly endorsed PGY. You make it sound like I am some supporter of CGC in general. Personally I hate them all, but I will acknowledge a need for a very small % of our hobby. I hope it stays that way although judging by more and more shows I attend that its going the other way which is sad. Link to comment Share on other sites More sharing options...
Timmay Posted October 31, 2017 Share Posted October 31, 2017 3 hours ago, Jaydogrules said: Looks like Voldy slabs are already tanking (even more) as the news of the company going belly up and having to be rescued by a generally scorned company in the card business gets out there. Here's just a couple of recent low lights of commonly traded books with comparable recent CGC slab sales: http://offer.ebay.com/ws/eBayISAPI.dll?ViewBids&showauto=true&item=122768213909&rmvSB=true&ul_ref=http%3A%2F%2Frover.ebay.com%2Frover%2F1%2F711-53200-19255-0%2F1%3Fff3%3D4%26campid%3D5335849815%26toolid%3D10034%26customid%3DeBay-US_go-url_-76d1aaf11675--www.watchcount.com-ilu.ihist3.122768213909.-_wcc%26mpre%3Dhttp%253A%252F%252Foffer.ebay.com%252Fws%252FeBayISAPI.dll%253FViewBids%2526showauto%253Dtrue%2526item%253D122768213909%26srcrot%3D711-53200-19255-0%26rvr_id%3D1351122086248 https://www.ebay.com/itm/New-Mutants-98-CGC-9-8-UNREAL-HIGH-GRADE-Marvel-Comic-KEY-1st-Deadpool-Gideon/202082556631?hash=item2f0d0f1ad7:g:PbcAAOSwEqtZ5Aug&redirect=mobile https://www.ebay.com/itm/THE-NEW-MUTANTS-87-1ST-APP-CABLE-NO-RESERVE-9-8-KEY-ISSUE-MOVIE-HOLY-GRAIL/263280733894?hash=item3d4cc12ec6:g:SaoAAOSwevdZ8PMA&redirect=mobile http://offer.ebay.co.uk/ws/eBayISAPI.dll?ViewBidsLogin&item=112618968143&item_hash4=43204a71&LH_Complete=1&LH_BIN=1&_pgn=1&rc=nt&_trksid=p3750801.m370.h1613&rmvSB=true&ul_ref=http%3A%2F%2Frover.ebay.com%2Frover%2F1%2F711-53200-19255-0%2F1%3Fff3%3D4%26campid%3D5335849815%26toolid%3D10034%26customid%3DeBay-US_go-url_-76d1aaf11675--www.watchcount.com-ilu.ihist.112618968143.-_wcc%26mpre%3Dhttp%253A%252F%252Foffer.ebay.co.uk%252Fws%252FeBayISAPI.dll%253FViewBidsLogin%2526item%253D112618968143%2526item_hash4%253D43204a71%2526LH_Complete%253D1%2526LH_BIN%253D1%2526_pgn%253D1%2526rc%253Dnt%2526_trksid%253Dp3750801.m370.h1613%26srcrot%3D711-53200-19255-0%26rvr_id%3D1351181630470 Sell! Sell! Sell those Voldy slabs! -J. You missed this one: http://offer.ebay.co.uk/ws/eBayISAPI.dll?ViewBidsLogin&item=112554659019&item_hash4=43167a5e&LH_Complete=1&LH_BIN=1&_pgn=1&rc=nt&_trksid=p3750801.m370.h1613&rmvSB=true namisgr 1 Link to comment Share on other sites More sharing options...
Jaydogrules Posted October 31, 2017 Share Posted October 31, 2017 7 minutes ago, Timmay said: You missed this one: http://offer.ebay.co.uk/ws/eBayISAPI.dll?ViewBidsLogin&item=112554659019&item_hash4=43167a5e&LH_Complete=1&LH_BIN=1&_pgn=1&rc=nt&_trksid=p3750801.m370.h1613&rmvSB=true Obviously well before this unfortunate announcement (and a clear outlier from the typical low Voldy sales). -J. Link to comment Share on other sites More sharing options...
1950's war comics Posted October 31, 2017 Share Posted October 31, 2017 31 minutes ago, Timmay said: You missed this one: http://offer.ebay.co.uk/ws/eBayISAPI.dll?ViewBidsLogin&item=112554659019&item_hash4=43167a5e&LH_Complete=1&LH_BIN=1&_pgn=1&rc=nt&_trksid=p3750801.m370.h1613&rmvSB=true in this CGC community web site.....why are people giving props and defending the competition smh..... FoggyNelson 1 Link to comment Share on other sites More sharing options...
