Gibson Brand, Inc is reportedly on the brink of bankruptcy. With $375 million of senior secured notes due and $145 million in bank loans due, along with Gibson’s debt-to-income ratio, the company is currently found in the “Non-Investment Grade” territory. Watch the video and leave your comments in the comment section below on what you think Gibson is going to do. I honestly hope Fender Guitars does not buy them out, that would be a disservice to these wonderfully made (albeit overpriced) guitars, in-my-opinion.
Personally, I always had a soft spot for the Les Paul, and the history of Les Paul, himself. I blame kids occupying their time playing video games instead of playing a slab of wood with some strings on it.