Most manufacturers of musical instruments are owned by holding companies these days and their ethos is a far cry from the esthetic/craft ethos of musical instrument building.
By way of example when we're talking about S&S, we are talking about Steinway Musical Instruments Inc., who owns and operates manufacturers of winds, strings, percussion, etc, including many venerable names such as Conn, LeBlanc, Musser, Ludwig, and many more. And SMI Inc. isn't the biggest holding company owned conglomerate in music manufacturing. While S&S may be the crown jewel, it's probably not the most powerful engine economically, Steinway's currency is prestige which is the only reason the corporation bears its name.
https://en.wikipedia.org/wiki/Steinway_Musical_Instruments------------------------------
Steven Rosenthal
Honolulu HI
808-521-7129
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Original Message:
Sent: 04-23-2022 00:29
From: David Love
Subject: Steinway going public
Yes it will. I don't think this is a good thing.
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David Love RPT
www.davidlovepianos.com
davidlovepianos@comcast.net
415 407 8320
Original Message:
Sent: 04-22-2022 02:32
From: Steven Rosenthal
Subject: Steinway going public
Well, in this case a lot of the money will go straight into John Paulson's pockets; always better to use other people's money as they say.
Hard to figure the financials that cover the pandemic years and that a 3rd of their sales came from Spirios, these sales include Boston and Essex they way they describe it. I don't know.
The local dealer here is stocking up on high end used instruments because he thinks it might be a year before he can get any new stock from S&S. And the supply of the Asian imports is pretty thin as well.
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Steven Rosenthal
Honolulu HI
808-521-7129
Original Message:
Sent: 04-22-2022 00:27
From: David Love
Subject: Steinway going public
Uh, that is the point of going public.
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David Love RPT
www.davidlovepianos.com
davidlovepianos@comcast.net
415 407 8320
Original Message:
Sent: 04-21-2022 21:13
From: David Dewey
Subject: Steinway going public
It sounds suspiciously like a way to raise money to keep open. Time will tell.
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David Dewey
Oroville CA
530-589-3676
Original Message:
Sent: 04-20-2022 08:22
From: Bill Ballard
Subject: Steinway going public
We should all pat ourselves on the back for our part in returning Steinway to profitability. It was a big sacrifice, ordering all parts from the factory and saving our Steinway owners from the dreaded "Steinwas" banishment, but we all decided it was worth it and did it.
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William Ballard RPT
WBPS
Saxtons River VT
802-869-9107
"Our lives contain a thousand springs
and dies if one be gone
Strange that a harp of a thousand strings
should keep in tune so long."
...........Dr. Watts, "The Continental Harmony,1774
+++++++++++++++++++++
Original Message:
Sent: 04-14-2022 12:19
From: David Love
Subject: Steinway going public
See attached article from Barrons
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David Love RPT
www.davidlovepianos.com
davidlovepianos@comcast.net
415 407 8320
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