#1
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S&P downgrades Gibson
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Taylor GA3 Taylor 150e Taylor 224ce-K |
#2
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Quote:
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1995 Taylor 412 1995 Taylor 612C Custom, Spruce over Flamed Maple 1997 Taylor 710 1968 Aria 6815 12 String, bought new |
#3
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So let's all go out and buy Gibson guitars and bale (bail?) them out!!!!!
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#4
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As my grandfather used to say, "Let's don't and say we did."...
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#5
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Gibson is blaming it on CITIES? Lame. Maybe they should blame it on having the worst QC in the industry instead? Fan of their guitars, by the way, but sometimes the truth hurts
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2017 Bourgeois OM Custom - Adirondack/Peruvian RW 2017 Brian Bishop OM Custom - Sitka/Western Maple Fender Texas Tea Ultra Tele Fender Mocha Burst Ultra Strat Fender CS '61 Strat NOS |
#6
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does anyone know if Gibson has to honor warranty claims post-bankruptcy from guitars bought before bankruptcy filing if they end up filing bankruptcy and restructuring?
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#7
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I would doubt it. I mean, they won't exist?
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Too many guitars and a couple of banjos |
#8
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Short answer is, no, if they file they won't have to honor pre-filing warranty claims. But they are likely to in order to preserve goodwill.
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Collings CJ Goodall RCJ Martin 00-18 Tim O'Brien Jonathan Vacanti archtop Aaron Garcia Ruiz classical |
#9
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Regardless of what you believe (or want to), Gibson will not cease to exist if they file a Chapter 11 bankruptcy petition.
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Collings CJ Goodall RCJ Martin 00-18 Tim O'Brien Jonathan Vacanti archtop Aaron Garcia Ruiz classical |
#10
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Warranty claimants are treated as creditors and there is a distinct possibility the warranty would not be honored. This would be kind of a nuclear option though.http://www.businessinsider.com/sears...kruptcy-2017-3
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#11
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Yep. Imagine if Walmart or Amazon buys Gibson. Les Pauls hanging next to First Act guitars at Walmart? 🤣 |
#12
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And in the grand scheme of things, does it really matter?
Gibson goes under. Some replica of Gibson will resurrect. Nobody actually *needs* a guitar.
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Martin 0-16NY Emerald Amicus Emerald X20 Cordoba Stage Some of my tunes: https://youtube.com/user/eatswodo |
#13
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Please keep these posts polite and within the rules.
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#14
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When they go under, a lot of people will be hurt. Do they have a funded retirement plan? IDK, but I doubt it.
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#15
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They will never disappear. Their name is far too valuable. Look what Hostess has gone through in the last 4 years.
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