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Gibson considering bankruptcy


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#61 HemiBeers

HemiBeers

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Posted 05 May 2018 - 05:14 PM

View PostLucas, on 04 May 2018 - 08:30 PM, said:

View PostHemiBeers, on 01 May 2018 - 02:25 PM, said:

Welp, it's happening now....

https://www.wsj.com/...ptcy-1525177170

I couldn;t access the full article, but this is definitely not the beginning of the end  .. In fact, according to some, just the opposite:


Gibson's guitar-making future

Gibson also makes banjos and mandolins and pianos through its Baldwin subsidiary. Guitars are the most identifiable product, however, and Gibson will continue to make them under the bankruptcy restructuring plan.


In fact, Josh Friedman, a senior legal analyst at Debtwire, told The Tennesseannewspaper in Nashville that the Chapter 11 reorganization is actually a good sign.


“For people who are worried about whether there will still be Gibson guitars, this is a good sign,” Friedman said. “When you have investors willing to invest additional funds and take over control, in contrast to the flipside, you could look at a liquidation instead of a reorganization.”


https://www.usatoday...ptcy/571468002/

yes, larger companies are more viable survivors of Bankruptcy. But there will be major changes. I wouldn't be surprised if certain model lines that weren't doing well got eliminated...firebirds perhaps (just an example...I'm not sure how well Firebirds are selling). The Les Paul, SG and Flying V are iconic models and the Firebird has always been kind of a dog to me personally. Bottom line...they got to get back to what makes them profit.

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