Weston Presidio / Fender / NYT article

[Captain Midnite]

NYTimes: "Even worse, Weston Presidio, a private investment firm that controls nearly half the company, has been looking for an exit."

http://www.nytimes.com/2012/09/30/b...hanging-music-trends.html?pagewanted=all&_r=0

What's up?

 

[karmadave]

What's up is investors think they can make a higher return elsewhere. As much as Fender is an iconic company, especially to musicians, investment firms always seek to maximize their returns. Fender no longer fits this category, and in fact their sales have been declining since the Great Recession.

 

[Bonedog]

"A Strat, after all, is what economists call a consumer discretionary item — a nonessential."

I beg to differ

 

[kevin hart]

I doubt I'm the only one who is not surprised by anything in that article.