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Post by Infinite Ego on Jul 20, 2012 16:52:30 GMT -5
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Post by chrissh on Jul 20, 2012 17:52:15 GMT -5
Oh no, there goes my quick retirement plan.
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Post by chrissh on Jul 20, 2012 17:55:57 GMT -5
Wow. What a business history. It sounds as economically precarious as many of its customers.
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ck1
New Member
Posts: 447
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Post by ck1 on Jul 22, 2012 0:22:26 GMT -5
Take a look at GC's long-term debt balance! Holy crap!!!
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Post by aliensporebomb on Jul 22, 2012 0:30:56 GMT -5
It's interesting how lots of these businesses are houses of cards if you look at them.
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Post by brucestevens on Jul 24, 2012 9:23:36 GMT -5
Amazing amount of debt. Also very interesting that GC is in so much of a financial mess and stiffing some suppliers (Fender).
You have to question the wisdom of buying up a bunch of other brands (Gretsch, et al.) for Fender. Also, Fender has a huge number of SKUs for sale. Seems like it might be time to consolidate and strengthen, not make more cheap crap that people don't want.
Bruce
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Post by chrissh on Jul 24, 2012 10:31:42 GMT -5
It seems nearly impossible for a commercial venture to remain successfully small or mid sized, without eventually either withering or bloating and collapsing. Like the G&L thread, how many companies of any sort can maintain a comfort zone for long? Fender is "only" some 70 years old and effectively the origin of the species for electric guitar popularity, and they've been in upheaval for decades.
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