Fender drops IPO
Posted: Fri Jul 20, 2012 12:22 pm
Breaking news:
http://www.latimes.com/business/money/l ... 0528.story
http://www.usatoday.com/money/markets/s ... 56356626/1
http://www.marketwatch.com/story/fender ... atest_news
After looking at their numbers I knew I sure wasn't going to buy their stock out of the gate! I suspect a number of institutional buyers, which would have been necessary for this to work well, probably felt the same. May also be another victim of the Facebook IPO debacle.
As I recall this is their fourth IPO attempt. Maybe Gibson will beat them to the wire after all!
http://www.latimes.com/business/money/l ... 0528.story
http://www.usatoday.com/money/markets/s ... 56356626/1
http://www.marketwatch.com/story/fender ... atest_news
After looking at their numbers I knew I sure wasn't going to buy their stock out of the gate! I suspect a number of institutional buyers, which would have been necessary for this to work well, probably felt the same. May also be another victim of the Facebook IPO debacle.
As I recall this is their fourth IPO attempt. Maybe Gibson will beat them to the wire after all!
