Below you'll find a list of all posts that have been tagged as “junk bonds”
Ever since I did a little bit of research on Guitar Center (at the behest of their CEO on my Facebook page, weirdly) I’ve been told that every time corporate finance gets mixed into the musical instrument business, things get weird. There was that time Fender tried an IPO, but yanked it last minute. That was kinda weird. But their new media strategy, which …
Because of math. And junk bonds.
This is an obituary for Guitar Center, a chain of big box musical instrument stores that was captured and infected by private equity during a national trend of greed and reckless expansionism in the late-1990s and early-2000s. The company started as a Los Angeles organ store, became a successful purveyor of guitars after the Beatles arrived in the United States, …
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