Fender's quality has never been better post-CBS (post 1985), including their MIM (Made in Mexico) guitars as well as their outstanding Squier "Classic Vibes" that are made in China, which by the way have been selling like hot cakes since introduced. You want to see poorly built Fenders, take a look at many of the CBS era Fenders where they really cut corners. Neck pocket gaps wide enough to fit a credit card, warped necks, hack job routing, uneven paint and finish, poorly dressed frets, etc... you name it, it's there.
The shutdowns are basically to streamline their expenses in order to reduce their $250 million debt, half of which was borrowed money to buy KMC (Kaman Music Corp) who in turn owns Ovation. It's business that needs to be taken care of in order for Fender to survive in a bad economy. Nothing disgusting about it. Part of that debt is also money owed to Fender from sources like Guitar Center, which IMO will go bankrupt and be bought out within the next 5 to 10 years. Their long term debt makes Fender's debt seem like chump change.
As a side bar... if anything is disgusting, Guitar Center is disgusting. Last year, I was looking for a Fender Vintage Hot Rod 60's Strat and a Fender Classic Player Baja Tele to try out. As it happens, I was about to visit my parents in Baltimore so I decided to map out every Guitar Center and Sam Ash on the drive from NYC to Baltimore along I-95 for the fun of it. Not ONE store had EITHER guitar in stock but all of them offered to order one for me. If I wanted to order one "blind", I would have done so from Sweetwater where they have detailed photos of each guitar along with individual weights for each guitar.
With all due to respect to brands like Hamer and Ovation, both of which are owned by the KMC subsidiary, the brands have lost their cachet that they once had in the 80's and early 90's and hence have lost market appeal. Hamer especially made extremely well built and great playing guitars in the 80's. With Charvel/Jackson, the brand is still going strong with plenty of endorsers and wide appeal, including their latest endorser Guthrie Govan.
The old Hamer facility is a few minutes from my house in Willington. I did not know Ovation was located so close to me as well. Too bad Fender feels they need to shut down companies like this, I find it disgusting. Since they bought Jackson/Charvel, the quality has started to slip also