As many of you know, guitar maker Gibson has been in financial trouble for the last few years. After taking the company in a new direction, which included electronics and software, the market went soft, and the federal government levied some hefty fines for importation of protected hardwoods.
It's anyone's guess whether or not Gibson will survive. We suspect it will. The brand is iconic and the products still highly sought after.
spring and summer will be interesting. There are debt payments due, and escalation of repayment if those payments fall short. There is maneuvering to oust the current CEO, and vulture capitalists are eyeing the company.
Some interesting articles from the last month or so...