Thanks, Dave! I should have done more research before shooting my mouth off.
I guess 30% is possible, Fender claimed a 32.8% CAGR from 2009-2011 in SEC filings.
Interesting Report:
http://www.mainstreammanagement.com/pdf/musical-instruments.pdf
The industry is expected to grow at a compounded annual rate (CAGR) of 3% through 2013. Industry
revenue for 2009 decreased marginally due to the impact of recessionary conditions domestically,
a slight decline that industry experts considered a strong indicator of the relative position of musical
instruments in the consumer purchasing world. In addition, industry revenue is projected to again
decline slightly in 2010. The reasons for these slight declines relate to the demographics of the purchasing
community and the continued recessionary conditions.
However, significant growth from 2011 through 2013
is forecasted, with experts predicting annual increases at the rate of 6% for 2011, 8% for 2012 and 6% for
2013, respectively.