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PSA maintains market dominance despite reduction in backlog

CNBC · ·by G4L

PSA Public Storage
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  1. 1As of October 20, PSA backlog stood at 7.2 million, down from 12.4 million in July.
  2. 2PSA accounted for approximately 65% of the graded volume among major companies in August.
  3. 3Ryan Hog, Collectors PSA and Grading President, said they have added massive processing capacity but still have work to do.

So what's the key point?

PSA reduced its backlog to 7.2 million items. Because its market share is large, there will still be plenty of work to do in the future.

Source CNBC · View original ↗

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