Now we can all own fender

[m4rk0]

well, a little bit of it anyway

http://dealbook.nytimes.com/2012/03/08/fender-looks-to-rock-the-public-markets/

 

[bagman67]

From the article:


"

But their status has not always translated into strong earnings. The company said on Thursday that its net revenue climbed to about $700 million in the 2011 fiscal year, up from $617 million in 2010. Fender swung back to a profit last year, reporting net income attributable to common stockholders of $3.2 million, compared with a $17.3 million loss in 2010."​

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[/size]THe article was not well-researched, since it completely ignores that the up-and-down of Fender's profitability also hinges on the various purchases of other companies over the time period in question.  In any case, meh.