Topps going public

Gradek · 04-06-2021, 06:25 AM

Just announced on CNBC, Topps is going public via a SPAC. Should mean even bigger print runs/higher prices to maximize profits.

https://www.cnbc.com/2021/04/06/base...spac-deal.html

The Accountant · 04-06-2021, 06:35 AM

Quote:

Originally Posted by Gradek

Just announced on CNBC, Topps is going public via a SPAC. Should mean even bigger print runs/higher prices to maximize profits.

I feel like this is great news. Hopefully can increase their systems and controls to get compliant. Hint hint.. please fix your problems Topps.

JRX · 04-06-2021, 06:48 AM

Might as well cash in now. Long term I dont think this is good. They will have too much focus on quarterly profits and will probably eventually have all their assets sold off. The goal isnt making quality product (yes nothing new for topps) its maximizing return on the stock.

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Chrisyork33 · 04-06-2021, 06:51 AM

Will Flagship now be $200-$250/box

Vintage Collector · 04-06-2021, 06:59 AM

Are the shareholders going to rectify the etopps fiasco??? They are holding our cards hostage.

JRX · 04-06-2021, 07:01 AM

Only if it benefits the shareholders. The customers are just the means to make the shareholders money.

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Mandy1320 · 04-06-2021, 07:02 AM

INVEST *fire emoji*

RyanSwinger · 04-06-2021, 07:02 AM

Mickey Mantle deal makes more sense now....

hammertime · 04-06-2021, 07:06 AM

Can't blame them tbh, but yeah this isn't great news for the hobby.

RyanSwinger · 04-06-2021, 07:11 AM

In all honesty Im not surprised. Has Topps done anything in the past 12 months to indicate that they care one bit about the "hobby"

MiamiMarlinsFan · 04-06-2021, 07:31 AM

Get ready for sky high print runs, and at least two more product releases a year.

JRX · 04-06-2021, 07:40 AM

You mean per month

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magmaster21 · 04-06-2021, 07:40 AM

This is the peak right here.

patchgenie · 04-06-2021, 07:41 AM

more SPAC garbage

JRX · 04-06-2021, 07:41 AM

I've worked for both mutual and public insurance companies and while the mutual is horribly inefficient they sort of do care about their policyholders once they get done caring about their agents. The public companies are all about returning capital first. Policyholders? What do they want now?

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pewe · 04-06-2021, 07:42 AM

The fact they are doing it via a SPAC tells you everything you need to know: backward financials don’t look great... so they need it to be about the current performance and forward expectations that the market will be HOT forever!!! It’s different this time!!!

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hermanotarjeta · 04-06-2021, 07:43 AM

This is really bad news.

And topps is always two years behind.

Going public at the peak then the bubble bursts with the strike/lockout next year? Who in their right mind would invest?

MiamiMarlinsFan · 04-06-2021, 07:44 AM

Quote:

Originally Posted by hermanotarjeta

This is really bad news.

And topps is always two years behind.

Going public at the peak then the bubble bursts with the strike/lockout next year? Who in their right mind would invest?

Yeah... but... what if their ticker symbol is just a fire emoji?

hermanotarjeta · 04-06-2021, 07:51 AM

Quote:

Originally Posted by MiamiMarlinsFan

Yeah... but... what if their ticker symbol is just a fire emoji?

Haha, will be the next meme stock.

rngrdanny22 · 04-06-2021, 07:52 AM

This could mean great things for the hobby, or it could be bad.

On one hand, I'm hoping the need to drive profits somehow gets Topps back in the Football/Basketball game.

ronaldkosh · 04-06-2021, 07:59 AM

Quote:

Originally Posted by rngrdanny22

This could mean great things for the hobby, or it could be bad.

On one hand, I'm hoping the need to drive profits somehow gets Topps back in the Football/Basketball game.

This would be amazing!

pbralex · 04-06-2021, 08:01 AM

I had a thought that maybe this means Topps could get back in the football, hockey, or even basketball game.

I wrote about it here:
https://www.cardboardscene.com/topps...arket-growing/

Couldn't more money mean they can challenge Panini? This seems like a good thing.

SupermanBrandon · 04-06-2021, 08:02 AM

#MoreToppsStockPlease

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Cssll04 · 04-06-2021, 08:04 AM

I think that this will be great for the hobby. It will be an excellent metric to show just how strong the industry is. Hopefully this will be similar to CLCT. Collectors threw their weight behind them (despite the terrible turnaround times) and that stock rose over 400% in less than a year.

VandyCards · 04-06-2021, 08:07 AM

Why don’t we just buy all the stock and run it BY COLLECTORS FOR COLLECTORS.

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04-06-2021, 06:25 AM	#1
Gradek Member Join Date: Jun 2017 Location: Toledo, Ohio Posts: 744	Topps going public Just announced on CNBC, Topps is going public via a SPAC. Should mean even bigger print runs/higher prices to maximize profits. https://www.cnbc.com/2021/04/06/base...spac-deal.html Last edited by Gradek; 04-06-2021 at 06:34 AM.

04-06-2021, 06:59 AM	#5
Vintage Collector Member Join Date: Aug 2007 Posts: 9,306 mitcards	Are the shareholders going to rectify the etopps fiasco??? They are holding our cards hostage. __________________ Vintage Collector's Ebay ID is - Mitcards All ebay auctions starting at 99 cents no reserve. I will also buy or trade My Cards for your Silver or Gold! Never Forget 9/11, Be Diligent and Safe!

04-06-2021, 08:04 AM	#24
Cssll04 Member Join Date: Dec 2013 Location: St. Louis Posts: 895 CSSLL04 Cssll04	I think that this will be great for the hobby. It will be an excellent metric to show just how strong the industry is. Hopefully this will be similar to CLCT. Collectors threw their weight behind them (despite the terrible turnaround times) and that stock rose over 400% in less than a year. __________________ http://s1369.photobucket.com/user/Cssll04/library/

04-06-2021, 08:07 AM	#25
VandyCards Member Join Date: Dec 2013 Posts: 5,411	Why don’t we just buy all the stock and run it BY COLLECTORS FOR COLLECTORS. Sent from my iPhone using Tapatalk __________________ I collect cards of former Vanderbilt baseball players. CURRENTLY SEEKING ANY AND ALL SERIAL NUMBERERD/SP TONY KEMP TOPPS CARDS.

04-06-2021, 06:48 AM	#3
JRX Member Join Date: May 2020 Location: Charlotte, NC Posts: 15,688	Might as well cash in now. Long term I dont think this is good. They will have too much focus on quarterly profits and will probably eventually have all their assets sold off. The goal isnt making quality product (yes nothing new for topps) its maximizing return on the stock. Sent from my SM-G955U using Tapatalk

04-06-2021, 06:51 AM	#4
Chrisyork33 Member Join Date: Apr 2017 Location: Greensboro, NC Posts: 2,470 Chrius_kskvk42sh Chrisyork33	Will Flagship now be $200-$250/box

04-06-2021, 07:01 AM	#6
JRX Member Join Date: May 2020 Location: Charlotte, NC Posts: 15,688	Only if it benefits the shareholders. The customers are just the means to make the shareholders money. Sent from my SM-G955U using Tapatalk

04-06-2021, 07:02 AM	#7
Mandy1320 Member Join Date: Aug 2020 Location: Tampa, FL Posts: 2,748 marande-5259	INVEST fire emoji

04-06-2021, 07:02 AM	#8
RyanSwinger Member Join Date: May 2020 Posts: 1,104	Mickey Mantle deal makes more sense now....

04-06-2021, 07:06 AM	#9
hammertime Member Join Date: May 2020 Location: OH->MI->MD->VA Posts: 6,757	Can't blame them tbh, but yeah this isn't great news for the hobby.

04-06-2021, 07:11 AM	#10
RyanSwinger Member Join Date: May 2020 Posts: 1,104	In all honesty Im not surprised. Has Topps done anything in the past 12 months to indicate that they care one bit about the "hobby"

04-06-2021, 07:31 AM	#11
MiamiMarlinsFan Member Join Date: Jun 2020 Location: Florida Posts: 13,549	Get ready for sky high print runs, and at least two more product releases a year.

04-06-2021, 07:40 AM	#12
JRX Member Join Date: May 2020 Location: Charlotte, NC Posts: 15,688	You mean per month Sent from my SM-G955U using Tapatalk

04-06-2021, 07:40 AM	#13
magmaster21 Member Join Date: Oct 2019 Posts: 251	This is the peak right here.

04-06-2021, 07:41 AM	#14
patchgenie Member Join Date: Aug 2009 Posts: 6,826 americansportscards	more SPAC garbage

04-06-2021, 07:42 AM	#16
pewe Member Join Date: Sep 2018 Posts: 26,641	The fact they are doing it via a SPAC tells you everything you need to know: backward financials don’t look great... so they need it to be about the current performance and forward expectations that the market will be HOT forever!!! It’s different this time!!! Sent from my iPhone using Tapatalk

04-06-2021, 07:43 AM	#17
hermanotarjeta Member Join Date: Feb 2012 Posts: 21,170	This is really bad news. And topps is always two years behind. Going public at the peak then the bubble bursts with the strike/lockout next year? Who in their right mind would invest?

04-06-2021, 07:52 AM	#20
rngrdanny22 Member Join Date: Jan 2015 Posts: 12,372	This could mean great things for the hobby, or it could be bad. On one hand, I'm hoping the need to drive profits somehow gets Topps back in the Football/Basketball game.

04-06-2021, 08:01 AM	#22
pbralex Member Join Date: Sep 2014 Posts: 705 Alex.daugherty	I had a thought that maybe this means Topps could get back in the football, hockey, or even basketball game. I wrote about it here: https://www.cardboardscene.com/topps...arket-growing/ Couldn't more money mean they can challenge Panini? This seems like a good thing.

04-06-2021, 08:02 AM	#23
SupermanBrandon Banned Join Date: Dec 2018 Location: TN Posts: 15,843	#MoreToppsStockPlease Sent from my iPhone using Tapatalk