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Post subject: Re: Fender is going public....
Posted: Sun Mar 11, 2012 6:41 am
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Post subject: Re: Fender is going public....
Posted: Sun Mar 11, 2012 1:31 pm
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Aspiring Musician
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I can't help but believe that the Fender faithful will be singing a different song in a couple of years. I know corporate america all too well after being involved in it for 32yrs. Capitalism is all about making $$$, nothing else. If you don't believe me, who can you name that has survived with nothing else in mind?


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Post subject: Re: Fender is going public....
Posted: Sun Mar 11, 2012 1:55 pm
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Are you people under the impression the Fender is currently a public agency, GSE or non-Profit?

You are kidding yourself, dilusional, if you think the Company is currently motivated by anything else.

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Post subject: Re: Fender is going public....
Posted: Sun Mar 11, 2012 6:32 pm
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Very interested in this... Seems like a good move, as they probably need money.

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Post subject: Re: Fender is going public....
Posted: Mon Mar 12, 2012 1:55 am
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iwmce@msn.com wrote:
Very interested in this... Seems like a good move, as they probably need money.


If they make 200'000'000 USD with this, and spend 100'000'000 USD on paying back some private investors, there will still be 100'000'000 USD for investmens.

EBITDA was around $53 million in 2011.

Does anybody know what Fender said they're going to do with the money?

On a side mark: If I hear that you have to wait *years* for a masterbuilt guitar, I sure know where I'd put my money. I'd hire ten more of these masterbuilders and make sure they get the guitars delivered. Any guitar not sold by Fender is a guitar sold by the competitors.

Cheers

David

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Post subject: Re: Fender is going public....
Posted: Mon Mar 12, 2012 6:41 am
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BigJay wrote:
Does anybody know a Wall Street securities analyst or economist? :wink:

Oh, you artists and lovers....dont be so melodramatic. Going public doesn't automatically mean the company's ruin. Its just a source of working capital, just as the Company's current debt, lines of credit, and current private equity holders. If you don't believe the debt holders, banks and private equity holders are pushing for consistently higher profits, your fooling yourself. Moreover, if you believe FMIC is somehow "above" the shallow pursuit of shameless profit, you are also kidding yourself. If FMIC was not in the profit business, it would be a small artisan shop building vastly superior products to its current lineup. The Custom Shop might be the only line in FMIC if the "art" was all it was interested in. Remember, the Telecaster and Stratocaster were developed as a less expensive alternative to handcrafted guitars. They were designed for mass production, folks. Sure, many Tele's and Strats are topnotch, but they are really the "Model-T" of electric guitars.

Management teams are not accountable to shareholders. Management teams are accountable to the Board of Directors, who have a fiduciary obligation to protect the shareholders interests in the Company, whatever that means. Shareholders cannot make management teams become more profit oriented, or less quality oriented, etc. Compensating management teams on stock valuation can cause them to utilize accounting tricks and sales gimmicks that could have negative ramifications later. But the Board is supposed to prevent that from happening, unless its a strategic decision to raise the value, potentially for a sale or financing transaction.

And, why does "publicly traded" equal "lower quality" in your minds? Do you know any products that are very high quality, but that are produced by publicly traded companies? How about Apple Computer? How about IBM? GE? What about Macy's? How about Ruths Chris Steaks? There are many many publicly traded companies that provide very high quality products and services. You shouldn't assume FMIC will become garbage just because they finance their operations in the public markets.


Finally, another voice of reason.......


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Post subject: Re: Fender is going public....
Posted: Mon Mar 12, 2012 8:52 am
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bcarr2323 wrote:
BigJay wrote:
Does anybody know a Wall Street securities analyst or economist? :wink:

Oh, you artists and lovers....dont be so melodramatic. Going public doesn't automatically mean the company's ruin. Its just a source of working capital, just as the Company's current debt, lines of credit, and current private equity holders. If you don't believe the debt holders, banks and private equity holders are pushing for consistently higher profits, your fooling yourself. Moreover, if you believe FMIC is somehow "above" the shallow pursuit of shameless profit, you are also kidding yourself. If FMIC was not in the profit business, it would be a small artisan shop building vastly superior products to its current lineup. The Custom Shop might be the only line in FMIC if the "art" was all it was interested in. Remember, the Telecaster and Stratocaster were developed as a less expensive alternative to handcrafted guitars. They were designed for mass production, folks. Sure, many Tele's and Strats are topnotch, but they are really the "Model-T" of electric guitars.

Management teams are not accountable to shareholders. Management teams are accountable to the Board of Directors, who have a fiduciary obligation to protect the shareholders interests in the Company, whatever that means. Shareholders cannot make management teams become more profit oriented, or less quality oriented, etc. Compensating management teams on stock valuation can cause them to utilize accounting tricks and sales gimmicks that could have negative ramifications later. But the Board is supposed to prevent that from happening, unless its a strategic decision to raise the value, potentially for a sale or financing transaction.

And, why does "publicly traded" equal "lower quality" in your minds? Do you know any products that are very high quality, but that are produced by publicly traded companies? How about Apple Computer? How about IBM? GE? What about Macy's? How about Ruths Chris Steaks? There are many many publicly traded companies that provide very high quality products and services. You shouldn't assume FMIC will become garbage just because they finance their operations in the public markets.


Finally, another voice of reason.......


bcarr....If it makes sense to you, you've clear misunderstood my comments! :wink:

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BigJay's Custom '69 Kickassocaster
'90 Les Paul Standard "Vintage"
'00 MIJ '62 Tele RI
'76 Fender BandMaster Reverb
'71 Acoustic Control 2x12 w/Celestion V30s
'71 Martin D18
Mesa Mark IV
'65 Deluxe Reverb RI


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Post subject: Re: Fender is going public....
Posted: Mon Mar 12, 2012 9:20 am
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BigJay wrote:
bcarr2323 wrote:
BigJay wrote:
Does anybody know a Wall Street securities analyst or economist? :wink:

Oh, you artists and lovers....dont be so melodramatic. Going public doesn't automatically mean the company's ruin. Its just a source of working capital, just as the Company's current debt, lines of credit, and current private equity holders. If you don't believe the debt holders, banks and private equity holders are pushing for consistently higher profits, your fooling yourself. Moreover, if you believe FMIC is somehow "above" the shallow pursuit of shameless profit, you are also kidding yourself. If FMIC was not in the profit business, it would be a small artisan shop building vastly superior products to its current lineup. The Custom Shop might be the only line in FMIC if the "art" was all it was interested in. Remember, the Telecaster and Stratocaster were developed as a less expensive alternative to handcrafted guitars. They were designed for mass production, folks. Sure, many Tele's and Strats are topnotch, but they are really the "Model-T" of electric guitars.

Management teams are not accountable to shareholders. Management teams are accountable to the Board of Directors, who have a fiduciary obligation to protect the shareholders interests in the Company, whatever that means. Shareholders cannot make management teams become more profit oriented, or less quality oriented, etc. Compensating management teams on stock valuation can cause them to utilize accounting tricks and sales gimmicks that could have negative ramifications later. But the Board is supposed to prevent that from happening, unless its a strategic decision to raise the value, potentially for a sale or financing transaction.

And, why does "publicly traded" equal "lower quality" in your minds? Do you know any products that are very high quality, but that are produced by publicly traded companies? How about Apple Computer? How about IBM? GE? What about Macy's? How about Ruths Chris Steaks? There are many many publicly traded companies that provide very high quality products and services. You shouldn't assume FMIC will become garbage just because they finance their operations in the public markets.


Finally, another voice of reason.......


bcarr....If it makes sense to you, you've clear misunderstood my comments! :wink:


I agree that just because they are going public does not mean that Fender is destined to make inferior products or any of the other draconian things that others are speculating.


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Post subject: Re: Fender is going public....
Posted: Mon Mar 12, 2012 9:54 am
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I agree that just because they are going public does not mean that Fender is destined to make inferior products or any of the other draconian things that others are speculating.[/quote]

+1

let's wait and see.

cheers :D

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Post subject: Re: Fender is going public....
Posted: Tue Mar 13, 2012 4:54 am
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FF1 wrote:
This employment contract


What are you referring to? Please quote or give a direct reference.

Cheers

David

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Post subject: Re: Fender is going public....
Posted: Tue Mar 13, 2012 6:05 am
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Amerigo I believe FF1 was refering to a link that Twang99 posted to the employment contract on file with the SEC concerning Larry Thomas the current CEO of Fender.


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