Peavey auctioning off lots of stuff...

dreadnut

Gone But Not Forgotten
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Wow, I scrolled through the auction and they are getting rid of some serious inventory!

Being an old manufacturing guy, why do they have so much stinkin' inventory? Much of it being customer returns, it looks like they just took the products back and warehoused them. My old bosses did this for awhile to inflate the value of the company by claiming full value on all the inventory.
 

fronobulax

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I'm sure the article text was written to give exactly this impression but I note that a) they claim much of this is material that was in storage at plants that have since closed and b) they have done this before. So I am not especially worried.

They note a prior closure was because manufacturing operations were moved overseas. Of course they also note the sale includes "several of the company’s AT-200 self-tuning guitars"...
 
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