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Turandot, agree with you regarding the relevance of Larry Fine's rating in this case.

Your interpretation is correct regarding the profit. I'm actually not surprised with it. First of all, we're all aware of the rise of wealth in China. In fact, most of them save too much Secondly, there are not many Chinese family I know who does not send their kids to learn piano or violin, if they can afford it. These two factors would easily explain the rise of piano sales and/or profit for piano companies that have a strong foothold in China, including Pearl River.

If Pearl River indeed acquires Schimmel (or whoever else), it should help the company gain their market share in China, which IMHO would help tremendously for their survival in times to come. I think it's also wise for Yamaha to acquire Bosie, as Bosie has very high prestige in China (in line with Steinway). You probably know that Estonia is trying to get into China, due to the economic situation in the US.

It's an interesting times for everything, including the piano industry

I'm afraid to say this is incorrect.

Estonia was invited to last week's piano fair in Shanghei, world's most important these days - but declined.

Current dealers for the piano still have to wait for stock, even at this time and there isn't enough pianos to go around.

You may believe this or not, but these are the facts.

Norbert

Norbert, I got that impression from the attached article.

Quote: "While the piano maker has not escaped the negative effects of global economic crisis, Laul has used it as an opportunity to expand his market beyond the United States. We have made a deal selling pianos to Japan, will close talks soon in China and have been negotiating with the dealers to bring Estonia pianos also to the Arab piano market," Laul said explaining his anti-recession strategy."

Estonian pianos hit the right note

I do want to say that I got the last one from my local Estonian dealer in September, and he hasn't received any new one when I chatted with him a week ago.

There are apparently indeed multiple candidates for the take over of the Schimmel company.

However the solution might come from a rather unexpected corner and not form a piano company like Pearl River, namely the Swiss capital investor Xarpo Capital Partners.

Please read following recent link:

Xarpo Capital Partners

schwammerl.