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Given our current economic "crisis," talks of bailouts, bankruptcy, foreclosures, and recessions, an interesting thought hit me. What if gospel music acts could be traded publicly like a stock market? What groups would have the highest shares? Which ones would be the most likely to make the most profit? What groups would be the "gospel Googles" (groups you wish you would've invested in early on and watch their profits soar)?
I have my opinions on what the obvious ones would be, but I wanna see what everyone else can come up with first, then I'll share mine....
Friday, December 26, 2008
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4 comments:
BLUE CHIPS: EHSS, currently one of the most profitable, and the Booth Bros. who have that great sound.
GOOGLE-LIKE: Soul'd Out Quartet is on the way to the top. They were on the main stage this year for the first time. I'd say "invest now!" and get in on the ground floor. My other choice is The Browders. They will be on the main stage this year for the first time. Not well-known yet but surprisingly, this group has been on the SN charts nearly every month for the past few years with several different songs. So if we're talking "Google-like", groups ready to take off big time, these are two really good choices.
http://www.thebrowders.com
http://www.souldoutquartet.com
Good post idea!
Blue Chips: Stick with the standbys, Greater Vision, Inspirations, Talley Trio, Hoppers, Kingdom Heirs. I doubt they're going anywhere soon. I'd also put some stock in the traditional groups--Dixie Echoes, Blackwood Brothers, Chuck Wagon Gang in particular. From everything I hear, traditional groups are doing really well right now.
Google-Like: Two or three years ago, I would have bought stock in the Collingsworth Family. I saw the potential then, and it's sure paying off!
As for today, I'd go with the Ball Brothers. I'd also go with Old Paths if they manage to hang on to a bass and band. If they do that, then I think they really stand a chance of going to the top—while doubt they will as a trio.
Amen to Mounts comments on Old Paths. Actually I guess I've already invested in their stock. Had them for a concert last year and rebooked them for next month, January 10th. As for The Ball Brothers I've never heard them in person but from what I hear about them, sounds really good.
As far as upcoming groups, the Collingsworth came to mind before I read any comments. As far as quality and who I think will get even better is Gold City. Now, whether that translates to making money, I don't know. With the band and other expenses, I don't know what the bottom line would be.
The GVB would've normally been a good investment, but there are a few uncertainties. First, how much longer will Bill keep it going? Sec ond, will Guy be back? That doesn't mean they can't find someone else to sing well, but Guy does more than that. Either way, even if they find the next best thing, the group is in a rebuilding phase and although good, they aren't as tight as when the group was Phelps, Penrod, Lowry and Bill or when English was with them. They have done some good stuff and have some good members, but they have lost ground I think. But, to be fair that happens when there is a turnover and they have replaced baritone and tenor not too often long ago and haven't had a consistent lineup for too long although they have remained together for a while until Guy's sabbatical. So, even if the price of their stock would be down, it would still probably be high and with no assurances how long the company would continue, or if it would continue without its founder and CEO and how well business-wise it would be might make it a risky long term investment.
Signature Sound would make money, but they would be priced too high and although the rewards could be great, their long term future as front-runners might make them a risky long-term investment. Will they be replaced by the next new thing, or will they become more safe and long-term, but with less quick growth?
The Booth Brothers might be safe, but with potential for growth. Greater Vision and the Talleys might be safe investments.
I realize that some of the investments I mentioned wouldn't be google-like because they are already popular. So, I guess in a way I talked investments in a broader sense instead of the hidden ones that could skyrocket.
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