Fountain in trouble????
 

Came across this link on another post....anyone know if there is trouble ahead for fountain?

http://www.wdnweb.com/articles/2008/...ews/news01.txt

Link does not open/:rolleyes:

try this
http://www.wdnweb.com/articles/2008/...ews/news01.txt

I would think that they have to be in trouble. Is anything selling?

When banks are struggling to keep their doors open I think it's safe to assume that nearly all of the performance boat companies are also struggling with the financial meltdown. Taking cost cutting measures to bring down payroll is both expected and necessary considering how credit has dried up.

Every boat manufacturer out there is slashing payroll but because Fountain is a publically traded company we get to read about their strategic moves via their filings. Trust me, anyone making performace boats in this mkt is slashing jobs and executive payroll.

isnt everybody in trouble rite now

cutting costs are the only way anyone in the boating industry will stay afloat...

I just read on another post that LCM may also be failing. They were talking about OL having to take back a bunch of boats causing them headaches. I wonder if fountain will be in the same shape having to buy back a bunch of inventory?

Fountain is still profitable, barely. That is remarkable considering what is going on. Remember, this downturn did not start in September, it started years ago. Fountain is doing far better than most, but clearly, still struggling like all the rest.

If Fountain recieved a penny for every thread started on OSO asking if they were in trouble........ ;)

The stock would be @ $10.00 per share. Like Marginmn said, Fountain is a traded company, so it's all out there for the world to see. Even Sea Ray has done plant closures and lay offs, but you don't see that cause it's buried in the Brunswick family of companies and you don't really know if it's the boat or the bowling ball biz that sucks right now.

Every business is in trouble these days, or at least a down turn. Well, except funeral directors, they seem to do well regardless of the times.