Fender Keeps Getting Bigger
Posted: Mon Oct 29, 2007 12:15 pm
FMIC (Fender) keeps adding to their product line.
http://phx.corporate-ir.net/phoenix.zht ... highlight=
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Fender Keeps Getting Bigger
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Re: Fender Keeps Getting Bigger
Posted: Mon Oct 29, 2007 12:15 pm
Bum link.
Re: Fender Keeps Getting Bigger
Posted: Mon Oct 29, 2007 12:17 pm
I've corrected the link.
Re: Fender Keeps Getting Bigger
Posted: Mon Oct 29, 2007 12:20 pm
WOW, that is huge!
Re: Fender Keeps Getting Bigger
Posted: Mon Oct 29, 2007 2:01 pm
Richard: Thanks I could not have answered a Jeopardy question on KMC.
PeterKMC, which comprises the company's entire Music segment, owns Ovation Guitars, LP and Toca hand percussion products, Gibraltar Hardware, Genz Benz Amplification, Hamer Guitars, and is the exclusive U.S. sales representative for Sabian Cymbals, and exclusive worldwide distributor of Takamine Guitars and Gretsch Drums. Privately held FMIC is the world's leading electric guitar manufacturer. In addition to owning the world-renowned Fender brand name, FMIC also owns Guild guitars, Charvel Guitars, Jackson Guitars, SWR Bass Amplification, Tacoma Guitars, EVH products, and is the exclusive worldwide distributor of Gretsch Guitars.
Re: Fender Keeps Getting Bigger
Posted: Mon Oct 29, 2007 10:46 pm
I guess Fender had to do something with all that money they made on the relic'd instruments......
Re: Fender Keeps Getting Bigger
Posted: Mon Oct 29, 2007 11:02 pm
To quote the Curmudge....... har!
Re: Fender Keeps Getting Bigger
Posted: Tue Oct 30, 2007 9:21 am
What suprised me was that the purchase price was only $117 million. I'm guessing that no real estate is included in the deal.
Re: Fender Keeps Getting Bigger
Posted: Tue Oct 30, 2007 11:36 am
That money for all those companies seems more like an administrative headache than anything else, unless, of course, it makes them look more attractive for an eventual sale.
Re: Fender Keeps Getting Bigger
Posted: Tue Oct 30, 2007 6:51 pm
Or go public.... unless, of course, it makes them look more attractive for an eventual sale.
Re: Fender Keeps Getting Bigger
Posted: Wed Oct 31, 2007 6:54 am
I personally think their trying to take over the world... 
Re: Fender Keeps Getting Bigger
Posted: Wed Oct 31, 2007 8:53 am
I think they have become the monster (CBS) they bought themselves out of in 1985!
Re: Fender Keeps Getting Bigger
Posted: Wed Oct 31, 2007 4:46 pm
Because we all love music, II'd love to be privy to the strategizing in the Fender Boardroom. They do keep getting bigger. I wonder if all their purchases are to hedge against the sales of one company going bust.
However, if in acquiring all these other guitar/instrument makers, I wonder they aren't setting themselves up for a big financial overextension.
It's a very common business mistake.
However, if in acquiring all these other guitar/instrument makers, I wonder they aren't setting themselves up for a big financial overextension.
It's a very common business mistake.