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Gibson drops to "Junk" rating now @ 520 million in debt
Posted: Fri Aug 25, 2017 1:17 am
by Mesa/Kramer
Not looking too good
Fender also
Another article I read also listed PRS at being 45 million in debt
https://www.thestreet.com/story/1428061 ... -debt.html
Re: Gibson drops to "Junk" rating now @ 520 million in debt
Posted: Fri Aug 25, 2017 8:52 am
by skybluegary
Tbh, that's how I rate them
I'll get my coat.
Re: Gibson drops to "Junk" rating now @ 520 million in debt
Posted: Fri Aug 25, 2017 8:57 am
by TurboPablo
Don't worry, Henry J. knows exactly what he's doing.
Re: Gibson drops to "Junk" rating now @ 520 million in debt
Posted: Fri Aug 25, 2017 9:25 am
by Ry Manchu
I hope PRS sees a market correction for their outrageous prices. A $3800 PRS should be built by a luthier and at $5000 a master luthier. That is what they charge for stock built on the production line by Joe who never went to luthier school or did an undertsudy beyond a few days and only started working there a few weeks ago.
Re: Gibson drops to "Junk" rating now @ 520 million in debt
Posted: Fri Aug 25, 2017 10:43 am
by Noah
Ugh that sucks. I thought the conomy was picking up.
Re: Gibson drops to "Junk" rating now @ 520 million in debt
Posted: Fri Aug 25, 2017 12:37 pm
by Ostinato Rubato
I will jump all over a fire sale Gibson. I only need one.
