Rickresource Rickenbacker Forum

High speculation...very high and absurd I think. God knows what you would get for 4 to 5 hundred bucks. Short term profits, much like ClearChannel in the radio biz....don't bet on them for the long haul.

What a mentality. What a game plan. Some new MBAs from Pepperdine are writing their business plans and PR stuff, methinks.

Jets (big ones) are good for doing some DeLorean-type financial assistance...

Marty Albertson sounds a lot like some of the toy execs who were prosecuted for insider trading a couple of decades ago. Same kind of hyperbolic nonsense.

John, did you get in on this bubble?

Just seven or eight years ago GC shares were going for about 19 bucks. Currently they are around 56. Way over inflated.

An added note...I remember getting a prospectus from GC and at the time I thought they were going nowhere. Eventually that will be true...but if I had bought it then...the old hindsight. It's kinda like if I would have saved all those baseball cards that every kid's mother threw away.

Two things are demonstrated here:

1. Hyperbole by a CEO of a public company which performs, can, over time, jack the share price well beyond normality. The toy exec I mentioned in the above post was named Marty Abrams. Hmmm. Marty Albertson. Marty Abrams.

Call Scully and Mulder.

UNTIL the stock fails to perform. Then the bubble often bursts. Marty predicts further inflation, but he calls it something like "greater value". Jill Barad, CEO of Mattel until '99, did that for Barbie for a decade. When the ride came to an end, she abruptly got her walking papers--and a $40 million golden 'chute, just to soften her landing.

2. Allowing one's personal prejudices to affect financial matters can cause regrets. But it shouldn't. It's all in the mind. Stan, console yourself with the mantra: "Would I have known when to get out?"

After all, Martha Stewart we're not. And baseball cards were a surer bet. But who could have known back in '65?

GC is like a virus growing in the music industry, it's become the Walmart of music. They destroyed a fine long standing chain of three music stores here in Ma. called Wurlitzers, they had been here for ages and were great stores, offered good knowledgable service, the kind of a music store where you enjoyed going in. I bought my first 4001 from them in 1977. the bigger they are the harder they fall, and I hope it's soon. GC is responsible for more junk out there than anything else.

...ROFl, Bob! I agree!!

The highest priced I paid for shares was about $12, so I can't get hurt too bad. Anyway, I have sell instructions in for $65, just in case they actually deliver!

Actually, in all honesty, I think management at Wurlitzers did a pretty good job of doing themselves in. Guitar Center just happened to be at the right place at the right time on that one.

The words 'Walmart' and 'musical instruments' in the same sentence fill me with an inner terror.

Though, to be fair, I bought my Ric at a 'big chain' music store, but being in Canada and with them as the only Ric dealer, it's as good as it gets.

John,
You have a reputation to uphold, so those steaks better be superb!

I guess I will consider myself lucky considering that there are five or six dealers here in Michigan, three of which I have been to and frequent. Have never been to the others but it is on the list of things to do. Of the three Elderly, Motor City, and Huber & Breese all have Ricks in stock at any given time, and all have great personlized service. Need I say more?

I don't know if I would really want a Fireglo steak. I think I would want it cooked a little longer, maybe more like a Montezuma Brown.

So we've got:

Fireglow

Medium-FG

Montezuma Brown

Jetglo

Right??? No BBR...

Actually John, I had heard the same thing about Wurlitzers, I was out of state when they went under, I loved those places though, especially the Boston store. That place had atmosphere, music permeated the walls there.