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OT - Gibson Guitars Facing Bankruptcy

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Comments

  • SmokingPiney
    SmokingPiney Posts: 2,319
    stompbox said:
    Gibson:
    - Current and last owner are dinosaur @ssholes.  Norton era guitars were embarrassing at times, boat anchor lifeless slugs.
    - they screwed mom and pop stores
    - even the highest selling stores online were greatly hindered by Gibson not allowing them to post photos of the individual guitars for a spell.
    - rediculous minimum purchase amounts for stores
    - prices are absurd, keep going up but quality has never been great.  Final setups suck.
    - when they attempt innovation, it is embarrassingly horrible.  See robotuners.
    - rock and roll is increasingly dying, they are still living off Jimmy Page and Duane Allman.... Current guitarists like Warren Haynes hasn’t made a splash for buyers.
    - Quite frankly, there a lot better options these days and for less money.  LOTS of quality luthiers out there.
    - cheap guitars really aren’t that bad anymore.  With CNC and other processes, cheap guitars can be great with some basic hardware changes for example.


    All that said, I just picked up a 335 for a tune because they are closing the Memphis factory and shipped all those guitars off dirt cheap to be sold about 50% off.
    Truth be told, @stompbox.

    Well said! 
    Living the good life smoking and joking
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  • SmokingPiney
    SmokingPiney Posts: 2,319
    pasoegg said:

    would be a real shame to see them fold up the tents...a lot of talented folks working there that would be hard to replace later on.....

    It would indeed be a shame. However, Gibson is no longer focused on quality instruments. It's a money grab based on lore that Gibson no longer offers. The market for high end, high quality guitars is tight and VERY discerning - and Gibson just isn't delivering the goods for that anymore. The name cachet alone has crashed..and that was what the entire company has been based on for quite a while now.

    Gibson is now reaping what it has sown in the past decade or two. 
    Living the good life smoking and joking
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  • bgebrent
    bgebrent Posts: 19,636
    SmokingPiney said:
    pasoegg said:

    would be a real shame to see them fold up the tents...a lot of talented folks working there that would be hard to replace later on.....

    It would indeed be a shame. However, Gibson is no longer focused on quality instruments. It's a money grab based on lore that Gibson no longer offers. The market for high end, high quality guitars is tight and VERY discerning - and Gibson just isn't delivering the goods for that anymore. The name cachet alone has crashed..and that was what the entire company has been based on for quite a while now.

    Gibson is now reaping what it has sown in the past decade or two. 
    Yup.  1980 and earlier are nice.
    Sandy Springs & Dawsonville Ga
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  • SmokingPiney
    SmokingPiney Posts: 2,319
    bgebrent said:
    SmokingPiney said:
    pasoegg said:

    would be a real shame to see them fold up the tents...a lot of talented folks working there that would be hard to replace later on.....

    It would indeed be a shame. However, Gibson is no longer focused on quality instruments. It's a money grab based on lore that Gibson no longer offers. The market for high end, high quality guitars is tight and VERY discerning - and Gibson just isn't delivering the goods for that anymore. The name cachet alone has crashed..and that was what the entire company has been based on for quite a while now.

    Gibson is now reaping what it has sown in the past decade or two. 
    Yup.  1980 and earlier are nice.
    There have been sporadic intervals of really good guitars even up to now. It's just not consistent - some of the models have been WTF?  
    Living the good life smoking and joking
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  • SmokingPiney
    SmokingPiney Posts: 2,319
    edited February 2018
    Good video and food for thought on Gibson:

    https://youtu.be/apQ9SO7uF60
    Living the good life smoking and joking
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  • nolaegghead
    nolaegghead Posts: 42,109
    JFC - spend an extra dollar per guitar and put real mother of pearl in as the fret markers instead of plastic.
    ______________________________________________
    I love lamp..
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  • bgebrent
    bgebrent Posts: 19,636
    SmokingPiney said:
    bgebrent said:
    SmokingPiney said:
    pasoegg said:

    would be a real shame to see them fold up the tents...a lot of talented folks working there that would be hard to replace later on.....

    It would indeed be a shame. However, Gibson is no longer focused on quality instruments. It's a money grab based on lore that Gibson no longer offers. The market for high end, high quality guitars is tight and VERY discerning - and Gibson just isn't delivering the goods for that anymore. The name cachet alone has crashed..and that was what the entire company has been based on for quite a while now.

    Gibson is now reaping what it has sown in the past decade or two. 
    Yup.  1980 and earlier are nice.
    There have been sporadic intervals of really good guitars even up to now. It's just not consistent - some of the models have been WTF?  
    Saddening.  My first axe was a 1976 SG custom.  That guitar taught me.  Next one was a Les Paul Custom Silverburst that I rocked. You know what I mean.
    Sandy Springs & Dawsonville Ga
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  • g8golfer
    g8golfer Posts: 1,025
    ksmyrl said:
    I’m not a guitar guy but had 2 Harley’s in my 20s and 30s. When my buddy went down (right in front of me) avoiding a driver talking on his cell phone I decided life was too short to take the risk. Loved riding though. Sold the bike and bought a boat.

    Is it just me or is just about everything completely out of hand price-wise? $60-$80k pickup trucks, $30k motorcycles, bass boats now can top $100k. Banks will finance toys for 15 or 20 years with virtually no money down. Have we learned nothing? Sorry...rant complete.
    Nope. Customer just purchased a new Peterbilt today at the dealership I run and it was 185k. 
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  • Eoin
    Eoin Posts: 4,304
    g8golfer said:
    ksmyrl said:
    I’m not a guitar guy but had 2 Harley’s in my 20s and 30s. When my buddy went down (right in front of me) avoiding a driver talking on his cell phone I decided life was too short to take the risk. Loved riding though. Sold the bike and bought a boat.

    Is it just me or is just about everything completely out of hand price-wise? $60-$80k pickup trucks, $30k motorcycles, bass boats now can top $100k. Banks will finance toys for 15 or 20 years with virtually no money down. Have we learned nothing? Sorry...rant complete.
    Nope. Customer just purchased a new Peterbilt today at the dealership I run and it was 185k. 
    @g8golfer is that a purely economic purchase, or is there an element of extravagance there?
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  • nolaegghead
    nolaegghead Posts: 42,109
    @Eoin - hey, sorry it's off-topic, but do you like KFC?  Also, do you have Popeye's chicken there?
    ______________________________________________
    I love lamp..
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  • HeavyG
    HeavyG Posts: 10,380
    edited February 2018
    Reading about the Great KFC Panic of 2018 has been rather amusing.

    Of course not so funny for those impacted. No... still pretty funny.
    “Reality is that which, when you stop believing in it, doesn't go away.” ― Philip K. Diçk




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  • nolaegghead
    nolaegghead Posts: 42,109
    this was pretty funny

    https://www.thesun.co.uk/news/5632641/kfc-chicken-shortage-workers-bulk-buy-asda-prank-twitter/

    ______________________________________________
    I love lamp..
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  • Eoin
    Eoin Posts: 4,304
    nolaegghead said:
    @Eoin - hey, sorry it's off-topic, but do you like KFC?  Also, do you have Popeye's chicken there?
    I've been in a KFC and it smelled rank. Never eaten anything in KFC.  It's popular, no idea why. No Popeye's here, not in the sticks anyway.
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  • nolaegghead
    nolaegghead Posts: 42,109
    Eoin said:
    nolaegghead said:
    @Eoin - hey, sorry it's off-topic, but do you like KFC?  Also, do you have Popeye's chicken there?
    I've been in a KFC and it smelled rank. Never eaten anything in KFC.  It's popular, no idea why. No Popeye's here, not in the sticks anyway.
    Yeah, it's been in the news, I had no idea.  Personally I avoid KFC to the extent it would have to be the last food on earth and I was on the edge of death by starvation, but I do love Popeyes.
    ______________________________________________
    I love lamp..
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  • saluki2007
    saluki2007 Posts: 6,354
    They love the Colonel in Japan too.


    Large and Small BGE
    Central, IL

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  • bgebrent
    bgebrent Posts: 19,636
    Of course they do.  He's a Kentucky Colonel.
    Sandy Springs & Dawsonville Ga
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  • SemolinaPilchard
    SemolinaPilchard Posts: 1,282
    The Colonel is ok, but he is no Colonel Angus.
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  • g8golfer
    g8golfer Posts: 1,025
    Eoin said:
    g8golfer said:
    ksmyrl said:
    I’m not a guitar guy but had 2 Harley’s in my 20s and 30s. When my buddy went down (right in front of me) avoiding a driver talking on his cell phone I decided life was too short to take the risk. Loved riding though. Sold the bike and bought a boat.

    Is it just me or is just about everything completely out of hand price-wise? $60-$80k pickup trucks, $30k motorcycles, bass boats now can top $100k. Banks will finance toys for 15 or 20 years with virtually no money down. Have we learned nothing? Sorry...rant complete.
    Nope. Customer just purchased a new Peterbilt today at the dealership I run and it was 185k. 
    @g8golfer is that a purely economic purchase, or is there an element of extravagance there?
    Economic. He purchased truck and trailer and it’s was 280k. Kinda nuts. 
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  • Markarm4119
    Markarm4119 Posts: 526
    The cool guys are smoking hogs on a BGE , not riding one, and drinking small batch bourbon on the patio, not bar hopping, i.e. were getting older and wiser !
    LBGE, and just enough knowledge and gadgets to be dangerous .
    Buford,Ga.
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  • alaskanassasin
    alaskanassasin Posts: 8,899
    edited February 2018
    g8golfer said:
    Eoin said:
    g8golfer said:
    ksmyrl said:
    I’m not a guitar guy but had 2 Harley’s in my 20s and 30s. When my buddy went down (right in front of me) avoiding a driver talking on his cell phone I decided life was too short to take the risk. Loved riding though. Sold the bike and bought a boat.

    Is it just me or is just about everything completely out of hand price-wise? $60-$80k pickup trucks, $30k motorcycles, bass boats now can top $100k. Banks will finance toys for 15 or 20 years with virtually no money down. Have we learned nothing? Sorry...rant complete.
    Nope. Customer just purchased a new Peterbilt today at the dealership I run and it was 185k. 
    @g8golfer is that a purely economic purchase, or is there an element of extravagance there?
    Economic. He purchased truck and trailer and it’s was 280k. Kinda nuts. 
    That could be said about people who spend 1k on grills  =). I would love to have a new tractor but they are  $1000 per  Hp.
    South of Columbus, Ohio.


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  • Eggcelsior
    Eggcelsior Posts: 14,414
    bgebrent said:
    caliking said:
    JohnInCarolina said:
    Legume said:
    JohnInCarolina said:
    YukonRon said:
    Harley Davidson is next. They are closing another mfg site and shifting that work to their other facility in PA.
     Revenue was down 81% in 2017, and that followed a dismal 2016.
    Would be a shame if that happens, but wow what a rapid decline for them.  Not that long ago I remember them being a stock that was recommended.  
    Not their first near death experience though, weren’t they nearly dead in th 80s?
     Very possible.  I haven’t really paid much attention to them (I understand statistics too well to be a motorcycle guy), but I remember the stock recommendation from maybe 5-10 years ago.
    When my niece was a toddler, her aunt (my other sister) taught her to identify helmetless riders as organ donors. 
    In my line, they all are.  In the ER bikes are called donorcycles.
    Heh. At Trauma, spring and summer are known as motorcycle season. Fall/winter is Grandpa slipped and fell season. I have seen well more than my share of maiming and death from those things to ever dream of getting on one. I don't know if pulling gravel or brain material out of road rash is worse. Or packing a vaginal laceration all the way to the SI joint after the poor lady straddled a guard rail at 40 mph.
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