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Posts: 972
Location: PDX | GC to be sold. Here
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gh1 |
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January 2006
Posts: 5881
Location: Colorado Rocky Mountains | This confirms the speculation that has been floating around the past month. |
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August 2002
Posts: 8307
Location: Tennessee | And to think I bought the stock at $15 back in 2000. :) |
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January 2002
Posts: 14127
Location: 6 String Ranch | more coroprate bs.
Out with the old boss, in with the new, but will we get fooled again? |
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May 2003
Posts: 4389
Location: Capital District, NY, USA Minor Outlying Islands | Bain Capital Partners LLC seems to like buying large retail stores. Most of the stores still exist, so it looks like GC will survive, but it looks to me like they aren't remotely insterested in musical instruments, as far as I could tell from their history they could be selling flower pots.
So GC joins another faceless corporate conglomerate. That's depressing. |
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August 2002
Posts: 8307
Location: Tennessee | There is definitely a move among corporates to go private. Too many headaches associated with complying with Sarbanes-Oxley and the restrictions the Act brings about. There are quite a number of private equity firms snarfing up attractive companies. GC has actually had very good financial result the past number of years, and are cleary the 800 lb gorilla. This method of corporate ownership is just another investment vehicle ... primarily for high net worth individuals and institutional investors. This has happened before ... it's just the swinging of the pendulum. Wait a few years and GC will do an IPO so the investors can realize a return. |
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December 2004
Posts: 4394
Location: East Tennessee | Will this mean that the new company will hire knowledgeable musicians who actually respect that Ovations are a viable choice for a quality guitar and stock an Adamas or two? |
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December 2004
Posts: 4394
Location: East Tennessee | Will this mean that the new company will hire knowledgeable musicians who actually respect the fact that Ovations are a viable choice for a quality guitar and stock an Adamas or two? |
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November 2004
Posts: 308
| I certainly hope so...
Speaking of GC, compared to cherry hill, the plymouth meeting is a god send. there arent too many good music stores in PA, DE, South Jersey, so I took the trip to Plymouth Meeting. It has a much better selection of Ovation guitars and more variety compared to Sam ash and GC in Cherry Hill. |
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August 2003
Posts: 430
Location: Lebanon, TN | Yeah , its not bad, and more interesting layout than Sam Ash at King of Prussia. The many rooms of the core corridor confused me at first. The electric rom with the stuff in the center makes it hard to see guitars well, but they do pile up the stock. My only excuse for going up there recnetly was going to David's Bridal with my daughter for Prom Dress. She and her mother spent 2 hours looking at dresses. Thank god GC was just next door. 2 hours of noodling was fun. When I was there in March they had one of the new Folklores, was very nice. |
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Joined:
October 2006
Posts: 51
Location: Arizona | Originally posted by stonebobbo:
There is definitely a move among corporates to go private. Too many headaches associated with complying with Sarbanes-Oxley and the restrictions the Act brings about. There are quite a number of private equity firms snarfing up attractive companies. GC has actually had very good financial result the past number of years, and are cleary the 800 lb gorilla. This method of corporate ownership is just another investment vehicle ... primarily for high net worth individuals and institutional investors. This has happened before ... it's just the swinging of the pendulum. Wait a few years and GC will do an IPO so the investors can realize a return. Yeah, that's exactly it...Sarbanes-Oxley is driving Private Equity firms/funds to take all kinds of growth companies private. This has some social implications, but the bottom line is that GC will be able to be managed privately without having to file public disclosure of books or other requirements for public companies.
There's no telling what it'll mean for the consumer. IMHO it's not any different than a public company: if management understands the business and can do what they need to do it'll be great...if not, it might suck. Same'll be true if it's private, we just won't be able to be shareholders.
I've owned GTRC stock for several years and the $10 bump the other day was nice. We'll see how the buy shakes out. |
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November 2004
Posts: 308
| When I was there in March they had one of the new Folklores, was very nice. I remember playing one of the new folklores too. i liked it a lot! Nice action, great sound. I wish the strings were not dead. |
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March 2002
Posts: 14842
Location: NJ | ". . if not, it might suck. . ."
If that were the case, it would take the term "suck" to a Whole New Level . . . . |
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Yeah, but will they change the strings?