By Hank Tucker, Antoine Gara and Eliza Haverstock
Ask just about any investor from Silicon Valley to Wall Street and they will tell you: We’re living in the age of the mega-corporation. Trillion-dollar mega cap quasi-monopolies like Google, Apple and Amazon are pushing into everything from autonomous driving and entertainment to financial services and healthcare. And judging from their stock prices, the bigger these companies get, the more Wall Street applauds.
But being small, specialized and great—a hedgehog among foxes—is still a recipe for success, especially in a recovering economy.
Take Collectors Universe, a $700 million market capitalization company that grades collectibles like baseball cards, rare coins, stamps and autographs. It is the authenticator of millions of memorabilia items, like Mike Trout’s rookie card, Ted Williams’ autograph and 19th-century Morgan silver dollars. In the collectibles market, the Santa Ana, California-based