Fender is mostly held by a Private Equity firm.

Its possible they are now on a buying spree.
A common PE model typically is to Pump up the top and bottom line quickly (often through acquisition rather than organic growth).
Sell a story nice growth/synergy story to Wall Street, get a nice valuation on the IPO and take the larger consolidated company public.
Cashout the PE shareholders with a tidy gain at the IPO or shortly thereafter.

I think many of the PE people wouldn't know a telecaster from a telephone.

This may not be the case with Fender, but it would not surprise me.

I am neither a financial analyst nor a predictor of the future.

I do like a telecaster.


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