Is the end nigh for guitar giant Gibson?

https://reverb.com/news/reports-of-...2019_bloggibsonbk&utm_medium=FB&utm_source=FB
https://www.nashvillepost.com/busin...e/20992105/gibson-running-out-of-time-rapidly

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So Gibson, the iconic American guitar brand could be no more.

 

Very sorry. I love Gibson guitars. Crazy in a white house and congress apparently decided to completely destroy the American economy. Interestingly, Harley Davidson is still an American company? Maybe now the owners of this company the Chinese, the Japanese ... the Papuans ... but not the Americans?

 

$1B in revenue and appears to be mis-managed given the forthcoming debt obligation. Chapter 11 appears to be their only recourse and for those who invested, due diligence would have done them well.

For those who do not understand Chapter 11, it does not mean the end of a business.

 

Maybe read the article. Gibson guitars aren't going to stop being produced. The company is mismanaged.

It's silly to suggest this new President or our current very good economy.. very soon amazing American economy can be at fault for one company run poorly for years needing some type of restructure.

But hey that's what Russian propaganda opinions do right? Right.

 

I would love to have a Gibson SG, but they're too over-priced.

Chapter 11 is a reorganization, not a liquidation like Chapter 7.

 

I never liked gibsons...but thats me.

 

They're in trouble. They are moving some operations to York, PA from the Midwest. Many will lose jobs. They are planning on coming out with a battery bike. yay

I wonder if they will play recorded V-Twin sound through fake exhaust pipes? I feel a little nauseated.

 

China will buy them and send the work to Mexico. No worries.

 

Quite a difference between the present pro-American business President and his predecessor. The company apparently lost millions of dollars because of wood raids.

In the hottest part of an August Tennessee day last Thursday, Gibson Guitar CEO Henry Juszkiewicz stood out in the full sun for 30 minutes and vented to the press about the events of the day before.

"We had a raid," he said, "with federal marshals that were armed, that came in, evacuated our factory, shut down production, sent our employees home and confiscated wood."

https://www.npr.org/sections/therec...n-guitar-was-raided-by-the-justice-department

 

If we let them, the trees will grow back. We have to be patient, though, and not turn the fields into cattle ranches or clear cut.

 

I really don't either. I only wanted a Gibson SG, because Terry Kath occasionally played one. I prefer Fenders, especially Telecasters.

 

Funny you ..... Maybe you'd better look at the realities of the American economy? For example, American debt.
In addition to the absolute size of the US Treasury's pyramid, the size of its short-term portion is important - they are extinguished every day, reoccupied, again extinguished, and every day more and more. It is the short-term part that characterizes the potential for a catastrophe for the US budget, if investors "suddenly" become capricious.



To understand the scale of the issue, the picture shows how much the debts (including for repayment of previously taken loans) were issued in the US since the beginning of the fiscal year (4 months with a small one):

1. A total of $ 33.5 trillion worth of debt, tradable ($ 3.6 trillion) was issued.

2. The daily turnover is on average $ 240 billion (total) / $ 25 billion (only market).

3. If you compare these figures with the income of the US budget, then on average, the turnover of debt is more than income 31 and 3.3 times, respectively.

4. The T-bills will be auctioned for a total of $ 179 billion, which is a historical daily record in US history. Updated and a week-long record ($ 258 yards)



In fact, the dollar still has some value only in the eyes of those who do not have access to the "printing press". And those who have - just drown in this crazy turnover of debt receipts.

Update: Interest rates on 3-month T-bills updated the record since 2008, demand (bid-to-cover) continues to fall:

 

Very sorry. Harley Davidson is a classic.

 

This will already be a fake. Original - it's only made in the USA

 

Hello !!!
This is Political forum ...

 

I enjoyed the gibson es335...great guitar but its more suited for jazz which and still isnt me. But I love that guitar in the hands of guys who use it properly. It just wasnt for me.
In my electric days i had two setups that I loved...my washburn neck through body 29 fretters with marshall and my fender strats with my fender twin. Loved each rig for different reasons as we all know how the obsession goes.

 

I dont like mexican made guitars. They are junk. It soils the name of the American made flagship versions. It makes it a pain in the ass buying to make sure you arent getting ripped off when buying american made. I ordered an American strat once through a music store and the owner switched the body with a mexican made before I got there thinking I wouldnt notice. Wow..he had a bad day. It usually is a marker for the decline of a company when they sacrafice quality. In musical instruments quality is everything and mexican made snt it. There...its political now.

 

I know, but to keep them here, some fine luthier with an ability to handle a medium sized business would have to come along with some money. He could turn it into a small handmade small order shop and one that makes less fine guitars for guitar retailers. It's possible the employees could get together and purchase it and run it themselves, but unlikely. I hope it works out, because there is no substitute for their sound.

 

Sound Gibson Guitar 50's - Delightful!... But I like bass from Fender.

 

Coming to my neck of the woods. That puts them close to the Harley plant.

Did this have anything to do with the direction the company took?
http://money.cnn.com/2012/08/06/news/companies/gibson-imports-wood/index.htm

 

They can stop folks from buying it(the lumber) because it's the easiest way. They can't stop them from cutting or transporting it.

Isn't that odd, to you? It is to me.

Most importantly, in places of overpopulation like India, folks move into those lands where trees are cut down because they need a clean place to live with less crowding. That's why it's so important not to cut those down. They would, if managed, grow back, though it would take many years. Doesn't matter to me how long it takes. It's more important to let them grow back and not cut all of them.

Seems like that little bit of money is not big deal. I imagine it has more to do with some sociopolitical gang.

 

Harley is moving their Midwest operations to York. The thread made me think of them. I thought it was relevant because guitars, bands, Harleys, rock and roll, the blues and so on seem to all be connected to a way of life that is dying and close to extinction. Bands don't write their own songs as often as they used to. Businesses don't want to sponsor bands with their own music. It's all about money, not great soul satisfying music. Reading the op made me a little sad and melancholy for what I connect with Gibson guitars.

Oddly enough, I used the term "soul satisfying". If you are really into music, you will understand. I think there are few today who believe in a soul. Maybe there is no connection?

 

The Gibson rosewood controversy is well known in the manufacturing world. It was actually one of the reasons the regulation happy dems are loosing power.

My company has to deal with the whole "conflict free" crap all the time. We have to provide documentation proving where a commodity was mined or harvested, and it's entire chain of ownership before we can sell it to the government. This adds hundreds, if not thousands of dollars to the price.

This looks like mismanagement to me, but there is no doubt that the feds had it in for Gibson.

 

Not particularly surprising, is it, when you can get just as good guitars made in South Korea for a fraction of the cost?

Heck, comparing my american made Gibson Les Paul Studio to my korean made PRS SE, the latter if of much better quality.

 

Isn't that kind of sad? I think it is.