over-rated vs. under-rated

Overrated - Far Bank Enterprises

Underrated - ORVIS

Orvis was founded in 1856 in Manchester Vermont by Charles F. Orvis. It is the oldest mail-order retailer in the United States and has been in business for 168 years. Orvis has only changed hands twice and has only had five CEO's in it's entire 168 year history.

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Overrated - Far Bank Enterprises

Underrated - ORVIS

Orvis was founded in 1856 in Manchester Vermont by Charles F. Orvis. It is the oldest mail-order retailer in the United States and has been in business for 168 years. Orvis has only changed hands twice and has only had five CEO's in it's entire 168 year history.

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The kiss of death for the majority of privately held companies is their purchase by conglomerates (even worse if the conglomerates are held by private equity groups) who demand a much increased ROI and are quite willing to sacritice decades of hardwon customer loyalty and reputation in the interest of short-term profit. Those demands are facilitated by successions of 'plug & play' CEOs with no affinity for the originally successful business model or its products.
 
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Lots of good answers and each makes sense in it's own way.

Most underrated steelhead on single handed rods.
Rationale for my choice; people have given up the serious pursuit of steelhead and those that still do mostly use spey rods to make the casting easier but are the equivalent of 10-12 weight rods which dull the fight of even the most fantastic steelhead. I think that's along with their increasing rarity especially in small summer run streams is breeding lots of apathy.
Anyone who has hooked a wild summer in may on the Washougal on a 7wt single hander would not call them underrated, they'd be too busy chasing them downstream before their backing ran out.

Most over rated. Carp. I guess they'd be OK if you never had to touch them.
Even better is catching a steelhead while skating dries for sea-run cutthroat with a 8.5’ 5 weight.
 
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