I just heard about this sale.

It would be good to know the circumstances. It could be the majority stockholders wanted their payday. Either the officers of the company stay on or are let go. It could be a disaster at the lower levels from a moral standpoint, working for a hedge fund means lowering overhead and pumping out product.

 

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Might want to check the history of who controlled the stock

 

You are the one who said a hedge fund owned a large share of stock, so Nat Turner can't take the company private until they own 51% of thw stock and them buyout the remaining shares. One way is to give the formers officers a stake (who presumably hold rhe majority position in the corporation) in the new company and/or give the hedge fund a stake. Either way moral at the lower levels will be shot if the minions didn't own PCGS stock.

 

The sale is pretty public. Can read the details there

So many of these concerns were the same as the change over years ago yet they've excelled

 

I am sure the company will do fine and it is wonderful to work for.

 

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OTOH, the company probably never should be public. It's not a business that should be run for quarterlies.

OTOH, the 2 owners are looking to profit-maximize and if this is a debt-laden transaction, future quality control issues will be focused on.

 

This company's stock did NOTHING for 20 years...then in the last year or so it more than triples to an ATH. From the March low, it's up 5-fold.

 

Almost like it's much better run now and doing paper notes again in house was a positive change

 

I don't know what that insider joke means....but the underlying thesis that more people at home leads to more people online and taking up coins and collectibles....I find plausible. Not convinced....but plausible.

That said, I want to see the numbers in the 10-Q's the last few quarters and see the raw numbers going up. This could be a "cheap" way for Cohen and D1 to buy an online, at-home play on the cheap. Cohen is a value investor and to buy something up those percentages from the March lows and from a year ago....a company that certainly never got growth stock status but was seen as mostly a liquid currency for the founders and employees.

 

Was only half a joke. Since the new guys have come in the company has been much more forward thinking and did bring back note grading as just one thing. Shipping costs for submitters went down as well (which I'd bet they still make money on) to name a few things. They've done very well under the new leadership and a forward thinking investment that they will grow and keep their place it makes sense

 

It would be hilarious if this Nat Turner guy has been Ed Wood the entire time. What we took for comedic farce has just been some ungodly rich guy with no social graces. lol

 

Well, I don't know about the morale at the lower level but a change in the lower level moral behavior would be an unknown.

 

I read it as cherrypicking grades or dealers who price ANACS well below the grade marked even though the grade is accurate

 

Depends on the coin type and PCGS era. I won’t ever EVER buy a PCGS large cent sight unseen. I would buy a PCGS Morgan sight unseen.

 

And outstanding bladder control. Don't forget that.

 

It does vary from series to series, I agree. From what I have seen it is bad on older copper.

 

baseball21, posted: "Do you honestly think such replays are helping your company?"

I'm interested in helping YOU become a better poster. For example, in the last page or to you are adding significant content rather than a one word "duck!" What follows is a one sentence "Duck."

baseball21, posted: "Are you the worlds best expert on all coins? Can you give a breakdown of why "common knowledge" isn't so common?"

I cannot change the way you post and you cannot change me; however, I enjoy most of your posts. IMHO, if a majority of the long time knowledgeable members of coin talk - YOUR PEERS - point out that PCGS (and all the others) often grade inconsistently either agree or disagree with reasons (significant content) or continue to crap up a thread weaving and bobbing to duck the issue.

physics-fan3.14, posted: "pcgs, as far as I know, has never been bought or sold. This is a first for a major TPG."

AFAIK, NGC has not been bought or sold either!