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  Latest Guitar Center Q3 Results show that the debt Bain Capital piled on when they took this company over is on the verge of causing it to FOLD UP LIKE A LAWNCHAIR!!!
   You will see cash on hand drop down terribly from 106Mil a year ago to only 9.9Mil the only place you see any revenue increase is from new stores. All same store sales growth dropped. The total loss YTD has increased from 64Mil last year to now 70Mil this year. That basically means they are incurring net losses of about 8Mil per month.
   Moody's and S&P have them now rated as JUNK. And the CEO Greg Trojan just resigned. He originally worked at Bain Capital.
   With little cash on hand and with debt of 1.42Bil Moody's claims this debt is unsustainable. They also have a DEBT PAYMENT of 135Mil due in first Quarter of 2013. Nobody can see how this can be paid. But with Big Money at the helm they will rigg the system some how just like the hedge fund did with Hostess.
   This rigging the system by large private equity and hedge funds is what Elizabeth Warren is talking about when she says she wants to eliminate rigging of the system.
   The Results Below The Squiggle:  

                                     GUITAR CENTER FINANCIALS
                                                 Three months ended 9/30 Nine months ended 9/30
                                                 2012           2011           2012         2011
Net sales                                   $496,231    $488,129    $1,510,980   $1,469,982
Cost of goods sold,                       348,869     343,876       1,053,581    1,024,064
Gross profit                                 147,362     144,253          457,399      445,918
Selling, Gnrl & Admin expenses        131,378     143,683          402,998      422,922
Operating income                           15,984           570           54,401        22,996
Interest expense                          (41,211)    (40,907)        (123,756)    (120,200)
Interest income                                    3            37                  30            202
Loss before income taxes               (25,224)    (40,300)         (69,325)      (97,002)
Income tax expense (benefit)               434     (12,917)            1,306       (32,216)
Net loss                                       (25,658)   (27,383)         (70,631)      (64,786  

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