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Fender cancels IPO

Discussion in 'Basses [BG]' started by Marley's Ghost, Jul 21, 2012.

  1. Marley's Ghost

    Marley's Ghost Gold Supporting Member

    Feb 9, 2002
    Tampa, FL
  2. superdick2112

    superdick2112 Mile High Bassist Supporting Member

    Nov 20, 2010
    The Centennial State
  3. Thanks for the link. I didn't know about GC's issues. Maybe they'll go out of business and let the Mom & Pops survive! Not hating on GC, but they are the Walmart of gear.
  4. Reaper Man

    Reaper Man

    Jan 15, 2010
    The Walmart of gear has a distinct place in the market. Let's face it, no mom & pop would have the inventory that even the smallest one carries. Keep in mind, I'm not saying it's superior, just another way to shop.
  5. JimmyM


    Apr 11, 2005
    Apopka, FL
    Endorsing: Ampeg Amps, EMG Pickups
    Well I guess that'll teach some of you a lesson...I always hear "GC and MF are only concerned about making money and raking in the big bucks" and stuff like that on here. HA!
  6. bassbenj


    Aug 11, 2009
    I see that Moody's downgraded Fender when they bought Kaman. No surprise there. If they think they can straighten Kaman out, they are in for a "challenge"!

    I'm also surprised that GC has been losing money for years now. The store here is exceptionally well managed. nice stock, great service, great prices. I hardly ever get anything at Sam Ash anymore. But hard times are hard times.
  7. Marley's Ghost

    Marley's Ghost Gold Supporting Member

    Feb 9, 2002
    Tampa, FL
    GC is also owned by BAIN Capital...:eek::eek::eek:

    They have no clue about the music business and are just venture capitalists. :rollno:
  8. landau roof

    landau roof Reupholstered User

    Jul 29, 2010
    Downstate CA
    That's their aim, it's just that they're apparently bad at it.
  9. dStar


    Mar 1, 2012
    Apparently, they don't pay for that extensive inventory!
  10. Baird6869

    Baird6869 RIP Gord Downey. A True Canadian Icon.

    Not a big deal actually and very common these days.

    I work for a $6B multinational with 18,000 employees based in the US and we are still private. We filed our paperwork for IPO, but are waiting. The economy is not good!
  11. Supertanker

    Supertanker Watch the dog! He is trained to bite!

    Jun 23, 2005
    "Some Fender purists may be thrilled that the company shelved its IPO. "I say scoop up as many Fenders as you can now, regardless of year and country of construction, because after the IPO, they are never going to match that quality again," said one commenter on an online Fender forum."
  12. 48thStreetCustom


    Nov 30, 2005
    Uh oh, here we go again
  13. NWB


    Apr 30, 2008
    Kirkland, WA
    The most depressing part of it was the mention of slow sales due to younger musicians using computers instead of instruments.:(

    I get the impression that things don't look good for Fender and even worse for Guitar Center.

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