Harvey Manfrenjensenjen: Good. Going public would be a terrible decision for Fender. If they did, within five years we'd see them for sale at Wal-Mart. An IPO is usually an act of desperation only good for raising a bunch of money fast; after that it's nothing but trouble, and it does nothing address the core issues which led to your decision to go public. Your activities are now focused on regulatory compliance and cutting whatever corners you can to get your EPS up half a cent. Workmanship and customer loyalty go out the window, and the sociopaths in finance and marketing take over every aspect of the business.
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