Fountain in trouble????
11-18-2008 | 05:24 PM
#1
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From: Cleveland, OH
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
http://www.wdnweb.com/articles/2008/...ews/news01.txt
11-18-2008 | 06:59 PM
#3
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From: Cleveland, OH
11-18-2008 | 08:19 PM
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From: Indianapolis, Lake Cumberland
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.
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.
Last edited by Marginmn; 11-18-2008 at 08:21 PM.
11-19-2008 | 06:37 AM
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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?
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?
11-19-2008 | 12:12 PM
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From: Sunland, CA
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.
11-19-2008 | 01:58 PM
#9
Ginger or Mary Ann?
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If Fountain recieved a penny for every thread started on OSO asking if they were in trouble........ 
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Last edited by US1 Fountain; 11-19-2008 at 04:22 PM. Reason: forgot winky
11-19-2008 | 06:44 PM
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From: Northern NY
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.
Last edited by RaggedEdge; 11-19-2008 at 06:53 PM.
