I purchased 3 new Stetsons over the last year. First is a fedora, their Dexter model in navy, labeled as an Imperial Stetson, ultimate finish. It seems to be a nice mid weight soft felt. Second hat was a 4x Open Road, nice looking and very stiff, compared to a vintage hat in the same model that I found. Last was a 20X Open Road I picked up a couple of months ago. Nice and soft, holds shape very well. My take is that they still make some quality hats, just not as many and the price is up there on the really good ones.