Omar, you have started one hell of a discussion here!!! Just have to say it again, THANKS for your channel and your engagement with your community. I appreciate you for doing this.
Thanks for sharing and I enjoy listening to different opinions. I actually appreciate Peter's update on turnaround times and specials, but agree with you on the long-term look at SGC. I don't think they are around within 2-years. Usually you buy up your competition to put them out of business. Now, if we continue to see specials, an investment in a better looking slab, or the start of a SGC pop report I will start to believe in the long term that both companies will exist.
No his last video seemed forced. This is his excitement when he believes what he is talking about. I think he needed a couple days to recoup but i beleive him
Taco Bell, KFC, & Pizza Hut are all owned by the same company. They are all competition for each other but all make the parent company money. there's no reason to think Collectors wouldn't do the same by having PSA & SGC both operating at the same time, it only helps their bottom line to have both groups of collectors happy and to have variety in the market...all the money goes into the same pockets at the end of the day....Pepsi don't care if you buy Mt Dew or Pepsi...Kelloggs doesn't care if you buy Corn Flakes or Special K, why would Collectors care if you buy PSA or SGC?
The examples you gave are food companies and poor examples. Taco Bell kfc and Pizza Hut all serve different types of food. Why would PSA fight sgc for the same market. Why would Popeyes buy churches chicken and not merge? Why compete
@@EatMyPattys no its the perfect example. If that company said we're shutting down every KFC & PIZZA HUT to force people into Taco Bell it wouldn't work, if Collectors says we're shutting SGC down to force people into PSA it won't work. So why try? Why not keep both options open? Collectors makes money regardless of which you use so why do you think they care which company the money comes from?...you're thinking of PSA & SGC as competitors but they aren't anymore. They're teammates now, when one wins they both win. They are Pepsi & Mt Dew, pick your favorite and enjoy but the money all ends up in the same pockets
@@rickyhousewright5588 again your missing the point. KFC and Pizza Hut are two different markets. I don’t go to Pizza Hut for tacos. I go for pizza. I don’t go to sgc for help cleaning my cards for grading or help with prep. I go for getting them graded. I go to PSA for grading. Same market unlike Pizza Hut and KFC
@@EatMyPattys ok you want a card only example. How about this...why does Topps have hobby boxes and blaster boxes? Why not do away with blasters and force people to buy hobby?....because not everyone can afford hobby so you need to give them a different option...PSA & SGC are the same. Not everyone can or will pay PSA prices, so you give those people a cheaper option in SGC. Taking away that option only hurts your bottom line if your collectors.
You might not like the analogy, but rickyhousewright5588 is correct. Collectors would be stupid to purchase SGC and not grow the brand. It would be a complete waste of money. PSA and SGC are not the same. Different brands with different strengths. Makes no sense to waste money to consolidate them. Would only benefit others grading cards!
@@RetroHoopCollectibles like you, I was also clowned and yelled at for grading with SGC… just on a smaller niche marvel level compared to you and sports. It’s hard to imagine any reason why psa wouldn’t go Richard Gere on SGC and dismantle SGC piece by piece.
SGC now stands for Substitute Grading Company and will become PSA's overflow graders. The things SGC is really learning is how to implement PSA grading techniques. how to print PSA labels and slab with PSA Acrylic. This is such a sad event. SGC was slowly chipping away at PSA's stranglehold. Now they just put PSA's fingers around SGC's neck. SGC will be missed.
Good morning. 1st. That's a sick Rockets Champions cap. As a fellow Houstonian, I give you a raised glass and a nod. 2nd, look, a company like Collectors that owns two competing brands, will not care about which of the two companies does better than the other. It wants BOTH companies to excel because it would mean two streams of profit coming in. I honestly think it's very shallow business thinking to assume that Collector's bought SGC to dissolve them into PSA. In fact I would be shocked to see that happen. Collectors knows there is a SGC value to that name, there is 8% market share of die hard collectors attached to it. Mostly older collectors that collect vintage cards. Older collectors don't like change. Collectors , in my humble openion is pushing Peter to put out these reassuring videos to keep the integrity of the business model intact at SGC. Think about it. Why would they do that if they are going to cannibalize it into PSA anyway. Remember, Peter now gets a monthly paycheck from Collectors. He is an employee of Collectors. He will not nilly willy come on a platform and deliver a message without Collector's thumbs up. SGC is NOT going anywhere. Collectors is in a perfect situation to control pricing and Specials, when both brands are being controlled. Sure , I see the grin on his face. I would be grinning too, if I sold out a company and get to still run it getting a big jucey paycheck. One more thing. Graders are in Florida for SGC. They got family, homes, anchors that makes them local. PSA will not pay to have these low paid graders relocated. Why would they when they can take that money and train from scratch. No. SGC will remain as a viable positive cash flow company making money for its new owner from Boca Raton.
@@RetroHoopCollectibles It is easy for Collectors to keep both. All profits go to the top at Collectors. There are many large conglomerates that house multiple brands in the same market, Beer, Airlines, Clothing ect. Why even push away money from one client when you can have every dollar by running both options.
I have a thought.... if SGC was growing and getting behind and getting or making more money, why sell?? Especially when PSA is the big brother that is the bully that is a thorn in your side. One that is considerably different than what you think or do? Why would you want to go to bed with that? MORE money??? Get out front under? My brother and I are seriously different. I love him but I don't want to be controlled by him. His thoughts are considerably more different than mine. That's good for him, but not for me... Hmm!!
Omar, SGC isn’t going away. Makes no sense to buy and divest them. Time will show SGC will still be around for many years to come. The strategy you suggest would be stupid. If you buy to consolidate, that is a bad investment. I have seen it in many business models. I worked for a company that owned two top brands in our market. The owner invested in both and it has worked very well for decades. The people that think SGC is going away could create it by not using them. That is why Peter is making videos. Today I am much more likely to send cards to SGC than PSA. I am not a flipper, so I don’t see value in the cheap looking PSA slabs. Sorry, you asked for our perspective, so I had to share. Thank you for your videos!!!! I really appreciate your content.
I appreciate your perspective Jeff, it just doesn’t make sense. SGC doesn’t offer anything that PSA does that would warrant them staying as a standalone brand. The things that made SGC a great alternative to PSA will now be in the hands of PSA operationally. It scares me that he talked about how PSA is going to help them operationally when PSA is operationally terrible.
@@RetroHoopCollectibles you have much more experience with both PSA and SGC, so I concede you may be right. I generally only grade PC and all with other graders. From a business standpoint it just doesn’t make sense to me. I like the competition between them and I think most in the market like it too. Thanks for all of your comments and your great engagement with your followers!!! We appreciate you!
This sounds almost the same as what happened to Hughes Aircraft when Raytheon took over Hughes. This happened about 30 years ago. Even the big smiley face was spreading unicorns a d rainbows.
After all these years... PSA wins. The End, I managed to get divorced and go back to active duty. Been fun watching the card seen from my phone the last few years. 🕊
Omar, I've been a subscriber of yours going back to the weekly PSA output reports and have almost ZERO interest in basketball cards. I've appreciated your analysis in the past and your constant critique of PSA and support of SGC. Your attitude towards this news has me thinking you are out of your depth and jumping to conclusions that can't possibly be obtained currently.
I appreciate the comment Nathan. Admittedly there is an element of emotion here so naturally my brain goes towards worst case scenario which is the elimination of SGC. I been invested in SGC for the last few years and my devotion to them won’t let me see this in a positive light at the moment. My reactions and logic at the moment may not be the best. But they’re my real reactions and emotions.
Also to add to your “out of my depth” comment. I’ve been part of numerous M&A scenarios in the oil and gas industry in my professional career, where I litterally had to tell people that we (in those cases the larger company buying out the smaller company) weren’t going to make any changes knowing full and well I put together an analysis just hours before of assets to retain and what to sell off as part of the merger.
Just so you know where I'm coming from, I first tried grading after watching you extoll the virtues of HGA. Once that started imploding, I moved to SGC and am fully dedicated to them for my grading services. While PSA and SGC do perform the same service, for the most part they serve different audiences. It makes zero sense for a conglomerate corporate entity that only has a track record of buying profitable businesses and trying to help them grow larger would suddenly take action to destroy the profit from their most recent acquisition. They now have access to the customer data for both companies and can see if it is the same people using both companies or not. How many people regularly use both? My guess would be a small fraction of people. If they eliminate SGC, they would more than likely assist another company in becoming a more viable player. I am optimistic that they are smart enough business people not to destroy the very thing that had SGC going on a great growth curve over the last few years. My hope is that the things we love about SGC remain and they get some help on the IT side as PSA kicks their ass on website and app functionality..
3D. You’re looking at things from a very optimistic lens. I wish I shared in your optimism. But I just don’t see it. SGC did not have the market share to even be on PSAs radar. And SGC doesn’t posses anything that PSA doesn’t already have but a following of people that loved them for certain aspects which will probably be all gone once they get brought into the fold.
Peter has always come across to me as a nice guy but also the kind of guy you meet at the end of buying a new car and he is the one who handles the finances. Can't totally trust them
@@RetroHoopCollectibles this would make for very interesting video content. If you re-grade, it could be very costly. I will be on the lookout for this one!
I really don’t bro. I’m all but done with them. I don’t know how they thought this was going to go over. How they thought this was gonna make us love SGC more.
@@RetroHoopCollectiblesI'm with you brother. Thankfully I only got two star wars graded a couple years ago through them with Bobbles (Bobbles is awesome to deal with). I was on the fence of maybe sending in some Jordan and Kobe stuff but glad I held off after all that has gone down the past week. I agree with you, PSA is going to take the parts they like from SGC and get rid of rest of it. Only hope is maybe they will have a special to turn SGC into PSA holders for same grade, but figure that won't happen. Wish you all the best with however you go forward far as grading your collection. I keep hoping CGC could make a bigger dent but TCG is what they get a lot of volume in , not sports.
First off Some of us do care!!!!!! I hoping for the best and staying positive about it If your right, I hope your wrong but if you are right I will just keep my stuff raw I will not use PSA,I would rather have my cards come back in 17 days than 17 months I'm a collector,don't sell but I still want my stuff back before the year ends or starts a new.
I believe Omar is SGC will remain strong. SGC brand value is too good to buy and divest it. Only smart reason to buy is to invest and grow the brand. If the plan was to consolidate, they will lose money on this move.
So couple things James. PSA turn around is roughy 60 days. So 17 months is a bit much. But if you have cards currently at SGC I can see why you would care about SGCs vitals.
@@RetroHoopCollectibles There is a very large group of people who are all in with SGC. You see them freaking out if they are watching this. My bet is they aren’t going to grade with PSA if SGC is eliminated. If they keep the SGC brand and grow it, these people will be more loyal. If they take it away, they will be pissed and probably never use PSA. I am not one of them, but if I was, this would be my attitude. SGC has a strong brand worth investing in. It is distinctly different than PSA. I think everyone sees this. Most of the people I know who drink Coke won’t drink Pepsi if it is all that is available. They get water. I have experience working for a parent company that owned two top brands. They did very well keeping them separate and growing them both in the competitive market. It wasn’t card grading, but the business principals are the same. Again, thanks for your content!!! I really appreciate all of your videos.
Anyone who tries this hard to paint a rosy picture and talk to everyone like they are 5 years old ... can't be totally trusted to tell the whole story. The fact of the matter is that SGC no longer decides its own fate or is able to make their own decisions. I don't know why anyone would submit with SGC moving forward without knowing how long they will "really" be around as now their future is no longer in their hands. I guess if you like the tux for the PC ... but as far as the future value of the slabs go they are now in the same category as CGC in my book; back to the minor leagues as far as sports cards go.
He might be a nice guy but does anyone else get I'm stabbing you because I love you vibes from pete? Talks to people like their children.if you are good you'll get a toy.
Me too. I’m at 17 business days. Been in “post grading” since last week. This Friday will have been a full month since they received it, so I’m not sure they are running only 11 business days for turnaround. Seems understated.
I don’t know but he seems way too happy for another company to acquire their brand. I don’t know what to make of this. The big fish has eat the little fish at this point.
Meh. I liked Peter's enthusiasm when it was just SGC because I genuinely like the underdog and they provided a better service. We're going to be better at sniffing out counterfeit cards is the addition that Collectors provides? He seems like a used car salesman now.
I hope they shut down SGC and CGC goes to #2. CGC is my favorite I just don't use them because of their value just like SGC. Of course SGC's slab is crap and I don't particularly like their grading either.
How about hire a couple more graders if they are so behind. If you are at 13-15 days, no way you get back to 5 days unless you get way less cards, or just rush the orders. Don’t run “specials”, that will have more cards come in, so you will be up to 20 days soon. Oh wait - they probably now have to ask PSA if they can hire someone… I don’t know him other than his videos, but his over-enthusiasm is old and makes you not believe him.
Yeah the enthusiasm has always been there for Peter but it was always with genuine good news or genuine updates on SGCs progress. It’s just funny to see him be so enthusiastic about being bought out and inevitably dismantled.
Dude you wouldn't wants pepsi and Coke? You are still viewing this as sgc VERSUS psa, all the money gos to the same place now it doesn't matter who Gets the cards to grade lmfao if anything collectors wants sgc to be another dynasty so they can own two dynastys!
