Sanderxpander
Thanks pwalpwal.
Craig, anyone can only report on what happened in the past, nobody can look into the future. Obviously Moody's can be wrong too. But they don't give out projections for laughs, I think it's a little too easy to proclaim them conjecture and dismiss them out of hand. I also don't see how GC's troubles make the situation any better for Gibson.
I'm not too worried about Sonar either, but the report is still troubling.
If only I had a dollar for every time someone predicted Gibson's demise, I could retire.
The landscape for retail is devastating at the moment. Look at JC Penny's, Sears, Staples, etc. etc. etc. Companies in the forecasting business have never faced a bigger challenge in trying to anticipate what's next. The reality is no one knows - not me, not you, not Moody's.
The main point I'm making is that past performance is less of an indicator of future performance than ever. The best indicator of future performance is what's happening internally within companies to cope with the changing landscape. I don't know what Sears or Guitar Center are planning; I do know what Gibson is planning, and I'm betting on it. That doesn't mean I'll be right, but it's
way too early to say I'll be wrong.
As one example...Moody's doesn't know about the two patents I've filed on behalf of Gibson, one of which is universally applicable to telecommunications.