Drudge Retort: The Other Side of the News
Tuesday, February 13, 2018

"Gibson Brands, Inc. today announced that the company made a $16.6 million coupon payment to holders of its $375 million, 8.875% senior secured notes due 2018." That simple statement issued a week ago -- at all of 26 words, it's less than a quarter the length of Gibson's boilerplate company description that accompanied it -- suggests a business-as-usual tone of a company taking care of its contractual commitments. But the situation facing the iconic Nashville-based music instrument maker, which has annual revenues of more than $1 billion, is far from normal: CFO Bill Lawrence recently left the company after less than a year on the job and just six months before $375 million of senior secured notes will mature. On top of that, another $145 million in bank loans will come due immediately if those notes, issued in 2013, are not refinanced by July 23.

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The name is too valuable to die, but you have to wonder what's coming.

#1 | Posted by TFDNihilist at 2018-02-13 07:07 AM | Reply

The only reason to own a *real* Gibson today is sheer brand greed. There are too many other companies making quality tonewood products at a reasonable price.

Nash, PRS, Ibanez, G&L, Epiphone, Gretsch, Eastman. Even Fender is back to making quality instruments in Corona, Ca. in the sub-$2G range

And I wouldn't pay for a Taylor or Martin either. Not when Seagull and Breedlove are out there.

#2 | Posted by SheepleSchism at 2018-02-13 10:36 AM | Reply | Newsworthy 1

#2
If I'm looking for that deep, rich acoustic sound, what brand/model do you recommend?

#3 | Posted by Danforth at 2018-02-13 10:44 AM | Reply

For acoustics check out Seagull, Breedlove, Eastman.

For electric semi-hollow thinbodies check out Ibanez and Epiphone.

Hollowbodies, check out Gretsch Electromatic.

Solidbodies - PRS, G&L (Leo Fender), Ibanez, Dean.

Here's a cool site for new/used gear with great prices - Reverb.com

#4 | Posted by SheepleSchism at 2018-02-13 10:50 AM | Reply

My 40 year old Yamaha FG335 II is the envy of every musician who plays it. Amazing tone and Jazz-Guitar easy action is a mystery of musical value.

I dont know how Yamaha is doing today, quality wise, but they knocked it out of the park in '80.

#5 | Posted by oldwhiskeysour at 2018-02-13 12:32 PM | Reply

It's true that the duopoly of Gibson/Fender is long gone. So many happening small and boutique brands these days. Plus it's the golden age of $100 Chinese made guitars. I am a die hard SG fan, but I love my DiPinto for bar gigs.
www.dipintoguitars.com

#6 | Posted by TFDNihilist at 2018-02-13 01:08 PM | Reply

Plus it's the golden age of $100 Chinese made guitars.

I'll bet they sound just GREAT!!!!!!!!!!!!!!!!!!

I'll keep my Epie.

#7 | Posted by Sniper at 2018-02-13 01:17 PM | Reply

-I love my DiPinto

Way cool looking guitars. I've never heard of them before, but they kind of look like 80's Japanese models.

Very retro!!

#8 | Posted by SheepleSchism at 2018-02-13 01:42 PM | Reply

#5 | POSTED BY OLDWHISKEYSOUR

Nice acoustic...Yamaha made some good ones!

I had one years ago.

#9 | Posted by SheepleSchism at 2018-02-13 01:44 PM | Reply

Yes, they love the funky old Japanese designs, but unlike those, DiPintos are very well built. I have the least flashy model, the Belvedere Standard , and it holds up well to my pounding. I even use it as my back up metal guitar.

#10 | Posted by TFDNihilist at 2018-02-13 02:38 PM | Reply

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