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-   -   Fountain out of business??? (https://www.offshoreonly.com/forums/fountain/203708-fountain-out-business.html)

IN10SE 03-18-2009 07:03 AM

one of the best boats in the business, i cant see them going out

Hacker 03-18-2009 08:11 AM

Smart money would not bet against the possibility of them going down. It is a tough market and many builders are struggling. Fountain has one of the highest debt loads in the boating industry. The banks are having a tough time justifying lots of loans these days.

organizedchaos 03-20-2009 09:39 PM


Originally Posted by nebraskabaja (Post 2818419)
Just got back from Fountain, things are alive and well, lots of boats being built!

Great news. Any news on building up the stock price?

fountainracing65 03-21-2009 01:21 PM

why is everyone so concerened about Fountain stock? Lets face a few fact. People who bought Fountain stock were mostly people who owned a Fountain. It was and still is a right to brag and B.S. about when standing in the bar with a fountain t-shirt on and our gold necklaces. Any person who bought stock in a boat company and thought it was going to be the next microsoft was and is an idiot. Can anyone show me a boat company that has been a big gainer for any period of time in history?

RaggedEdge 03-21-2009 06:29 PM


Originally Posted by fountainracing65 (Post 2826075)
why is everyone so concerened about Fountain stock? Lets face a few fact. People who bought Fountain stock were mostly people who owned a Fountain.



I agree! My stock was actually a Christmas gift from the GF a couple years ago. She got my broker, a very good friend, to do the buy for her and he even got a stock certificate issued so she could have it framed for me. I thought this was a way cool gift. I really don't care what the stock is at, I have a piece of Fountain! And the proof is on the wall in a frame. :cool:

I would note that it has recently more than doubled in value, moving from $.05 to $.12 per share. Now find another stock that has done that in about 10 days.

Velocity Vector 03-21-2009 07:55 PM


Originally Posted by RaggedEdge (Post 2826218)
Now find another stock that has done that in about 10 days.

Derebery

organizedchaos 03-22-2009 05:42 PM


Originally Posted by fountainracing65 (Post 2826075)
why is everyone so concerened about Fountain stock? Lets face a few fact. People who bought Fountain stock were mostly people who owned a Fountain. It was and still is a right to brag and B.S. about when standing in the bar with a fountain t-shirt on and our gold necklaces. Any person who bought stock in a boat company and thought it was going to be the next microsoft was and is an idiot. Can anyone show me a boat company that has been a big gainer for any period of time in history?

Beacuse getting fired from the Dow, is like crashing an Indy car on a test drive. Not a good sign!!!

TEAMBAJA 03-22-2009 06:52 PM


Originally Posted by fountainracing65 (Post 2826075)
why is everyone so concerened about Fountain stock? Lets face a few fact. People who bought Fountain stock were mostly people who owned a Fountain. It was and still is a right to brag and B.S. about when standing in the bar with a fountain t-shirt on and our gold necklaces. Any person who bought stock in a boat company and thought it was going to be the next microsoft was and is an idiot. Can anyone show me a boat company that has been a big gainer for any period of time in history?


Good idea. Take a hundred dollar bill and buy 800+ shares of Fountain stock. If someone told me that and I didnt know any better I would think it would sound impressive owning 800 shares of a powerboat company.:drink:

Roger 03-22-2009 07:35 PM

Send me the 100. I will pay you back 75% of it later. If you buy the Fountain you MAY get 2% back. Maybe

Roger 03-22-2009 07:37 PM

Beak42, how much for the 525s and how many hours?


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