A lot of business are using acronyms and I was able to score a 3 character .IT domain with our acronym. It's pretty slick looking. But alas, the .IT domain is country specific to Italy. And I read on Moz that country specific domains could pose an SEO hit to anywhere other than the country it's from.
Please tell me it ain't so. That if I did a 301 redirect that it would be fine. And that I wouldn't get killed in local SEO(?)