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Originally Posted by PURPLE HORNET
(Post 2939740)
Okay captain, I will make a note and inform Big Red with your instructions. Do you still have any left over shopping carts. I will be passing by your way thursday and really could use one.
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Originally Posted by PWRQWST
(Post 2939702)
WOW....... Well ok I quess I am an idiot then, and proud of it, but I would rather have bush again then the "O". Dont get me wrong I was not happy with all that Bush did, but Obama is a train wreck. :lolhit:
Maybe if the government can just buy Fountain and Baja it will be like G.M. and Dodge. And then if I am lucky we will get "cash for sinkers" and since boats cost more then cars I can get $45,000.00 for my 1987 Bayliner on trade for my 2010 42 Poker run edition with 700's in it. But I hope they at least put a stipulation that we have to buy from an american company. At least this way we will help support all them since its our (U.S. tax payers) money that we are spending. |
Originally Posted by db71
(Post 2939854)
I havent read every post but I do not think numbers are being just thrown around they are from the filings themselves. I would think there would be a lot better oppurtunities for someone to spend 10 to 30 million on than a boat company.
No matter what happens people still have to buy new boats and usually that means someone has to finance them. If nobody is financing few people are buying. I would also assume that if there is a factory direct store and they are in br than they will be selling new boats at firesale prices even assuming a dealer or group of dealers pick them up still have to have customers |
too bad, i wish all involved the best. i guess this means we wont see Reggie this weekend at the shootout? i would agree he has done tons for the sport-not just his brand, every time i have spoke with him he has been just as passionate as ever about his product.
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Here's some good Info with a video of Reggie discussing the situation at hand.
http://www.boattest.com/Resources/vi...px?NewsID=3691
Hopefully, they can, in fact, find investors to recapitalize the company, pay vendors and get back to making Great boats! There is still lots of Private Equity Money out there........and I'm sure Reggie and Wyatt are burning up the phones looking for new partners! |
Originally Posted by Filtrman
(Post 2940381)
http://www.boattest.com/Resources/vi...px?NewsID=3691
Hopefully, they can, in fact, find investors to recapitalize the company, pay vendors and get back to making Great boats! There is still lots of Private Equity Money out there........and I'm sure Reggie and Wyatt are burning up the phones looking for new partners! Mr Fountain won't own Fountain anymore, but I hear he has a really lavish house still, if they do find a partner to bail them out. He will more than likely be an employee of Fountain or the new entity. Most banks and private equity firms are sweating bullets these days because any more bad deals and they might go under, so I would be surprised to see them reduce the debt load or "cram it down". I'm certain that the brand name will survive, but obviously things have to change dramatically for someone to just come in and "save" the company. If anything, maybe an LBO firm comes in tries to do something with it. |
Good info. I hope it works out. Love him or hate him, hte powerboat industry would not be the same without him.
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Originally Posted by Filtrman
(Post 2940381)
http://www.boattest.com/Resources/vi...px?NewsID=3691
Hopefully, they can, in fact, find investors to recapitalize the company, pay vendors and get back to making Great boats! There is still lots of Private Equity Money out there........and I'm sure Reggie and Wyatt are burning up the phones looking for new partners! Mike, Good find! If I get invited down to N.C. for a look see and dinner you can come along. Peter |
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