Fountain out of business???
 

I was told yesterday that they closed there doors. i was told this from a baja dealer at the boston boat show. any truth to this?? i hope not. and if it is true, will it effect baja?

IF FOUNTAIN IS GONE THEN SO IS BAJA, I DOUBT THEY ARE CLOSED FOR BUISNESS, IT WAS SUNDAY SO THEY WERE CLOSED YESTERDAY:evilb:

haha, good call. lol

he told me they closed the doors last week.
not sure. they are a baja dealer, so im guessing it might have some truth?

Fountain is a publically traded company. Going out of business is one of those events that the pesky people at the SEC require publically traded co's to announce.

:rolleyes:

I have a good friend that works for Fountain...in fact he worked yesterday (Sunday) and he's working today......if they closed somebody forgot to tell him

Many rumors are being bandied about, even by dealers on the floors of shows these days. Some of the names are pretty huge, and it does nobody any good to throw this type of stuff into the rumor pits. It's far worse out there than many realize, but at least give the brands a chance for survival, or to hold onto their swords until the battle ends.

Yep....I think it must be true.....Reggie called me and asked if I wanted to buy his gold Fountain necklace.:food-smiley-007:

no offence boys, im not spreding rumors or slinging crap, i was simply asking if the rumore i heard was true, and who better to ask then the fountain boys on this site. i heard it from the dealer and still was a little off, it didnt sound right, but i thought i would see. sorry if this came across as me slinging crap or what ever, i was just wondering. trust me, i dont want to see them close down esp since they took over baja, i want to see them grow and make baja follow.

Tony from Fountain sales called me on Saturday about a boat that my buddy was interested in. They are still open, maybe just a little slow like the rest of us.

Dealers have been spreading so much crap nowadays, you'd think they were in sales or something :evilb:


I've heard of at least a dozen major boatmakers that are going under soon. As of now, none have. I'll just wait and see. If Fountain survives with their debt load, most anyone with a pulse can.

Spoken with the fairness of a noble warrior, similar to when Ernest Borgnine in the Viking movie was allowed to keep his sword while being forced to jump to his death into a pit of man-eating dogs. Nearly all boat manufacturers, especially performance, are cutting costs and fighting to survive like any warrior...

I've heard about a couple of biggies that might be gone by this month. Rumors, but apparently very solid ones. It's a sad time for the business, and even sadder for the workers and families involved.

i hear this. i own an hvac company. i had 20 guys in the feild less then a year ago. im down to 13 now, and im laying off 2 more this week. we are fighting to survive. i havent slept threw the night since i figured out i had to lay off more men. its the worst feeling in the world, i hate to do it, but i cant afford to use up all my work. im letting a secritery go as well. cant have more office staff then installers.
its very bad out there right now, and thanks to our new leader things seem to be getting worse and worse but once i get my extra $13 a week, all should be better. NOT!!!

oh well. im glad this was just a rumor as you hate to see one of the good ones go belly up

March 2009 Publication of Soundings Trade Only magazine pages 18 & 19 article " Three companies post quarterly losses" Brunswick -42% 4th qt, MarineMax -53%, Fountain -61% 2nd qt. It goes on to say that Fountain stock will be suspended from trading on NYSE Alternext US, the successor to the American Stock Exchange.
My humble option: Fountain will survive one way or another.
Loans ? Chapter 11 ? or whatever it takes.:party-smiley-004:

I am having a windshield built at the fountain factory. We just recieved it from the shipper and it was damaged. I called Fountain for a number of reasons. One: the damage Two: it took 4 weeks to build and they told me two weeks. During the conversation they said the factory was closed for two weeks and was thinking of closing for another two weeks. I would guess they are like the car industry they have way to much inventory. I requested that I bring the boat to the factory and let them repair the windshield and install it. the Fountain person said he was going to get with bryan and call me back. Give me a couple of days and i will tell you the out come.

Fountain is NOT going out of business!!!!
 

Fountain is NOT going out of business and the factory was not closed for two weeks. Production was shout down for a few days before MIAMI thru MIAMI and a few days after. Production is being turned back on Monday 3/2 and there are 30 approved builds which gets them thru April. Reggie does more than just build Fountain and now Baja's, he CONSTANTLY stimulates the indusrty (good or bad) which his competitors need as well. It's tough out their for all right now, no one is setting the world on fire and most every industry is affected by this economy. Don't forget Fountain is near or more than 50% of Mercury Racing motor sales and means alot to Mercury outboard division so Fountain & Baja will be around along time, no one will let the brand die. There are alot more MFG's that are and should be more concerned. Going private sooner that later for Reggie will be the best thing but it takes time.

Regards,

Team Shogren

www.teamshogren.com

Fountain & Baja By Fountain

Fountain called me back and has agreed to make everything rite. They are going to install the windshield and do some other things. They were very nice about everything. I agree with scott at shogren Fountain is alive and well.
when they finish with everything I will let you know the out come.:rolleyes:

Well said Scott,

Fountain is a great company, BTW need to check out the 42 with Ilmor and arnesons!!!! That is one bad biteh.

As for some other boat companies, ???????????

:ernaehrung004:

WILL

I doubt Reggie would let his work of his life go down the drain... Fountain HAVE TO exist.

Erik

No matter what, Reggie has always been able to pull a rabbit out of his hat. :ernaehrung004:

Hey Matt if you are looking for some one to raft up with this summer let me know. Iam taking my Fountain off of Off Shore classifieds and going to keep it, I just need a nice matching blue trailer to tow it to Moorehead on. Bob

Well I just got back from the Indy boat show and while there I had the pleasure to meet and speak at length with Wyatt Fountain. Wyatt was meeting and greeting at the Baja by Fountain display for our local Baja dealer. Wyatt confirmed that the Fountain factory is very much open for business.

Imagine that, yet another unfounded rumor in the boating industry. :rolleyes:

The Baja that was at the show was not a Fountain Baja!! it was one of the last Ohio built Bajas and Is nothing like the new ones !! And No fountain is not out of Buisness! I could not figure out why they brought the left over to the show nothing like the new ones!

Oh thank GOD !!!

We need the FOUNTAIN/BAJA's to be around !!!

It would be a terrible loss to everyone in the boating industry... :(

I was on the phone Friday with
Fountain customer service. They were as friendly/helpful as ever. Seems like they were open and ready for business.

Bob, were you at the Indy show? Trying to follow your statement, considering your NH location.
I agree there is a difference between the old and new Bajas. The Indy dealer has both a old and new 35 OL on their floor, so very easy to do a side by side comparison. I'd take the new one in a heartbeat.

sounds great. Do you need to borrow my trailer? Summer can't get here fast enough.

im glad to hear this, just strange my local baja dealer would say this. i dont get it. but im glad, as i love fountan and i love baja, so good!!!!!
i just dont get why the dealer would say this, i just dont get it. maybe they are not going to be a dealer anymore, maybe they where trying to make a sale and say, we sir, they are going out, better buy one now, i dont know. strange

I have heard that the banks are making dealers clear out old inventory before the will floorplan any new inventory...may be why they brought the leftover

They still have some 2007's left and don't want to get new ones until they are gone.

At least that is what they told me and I would have to agree, I wouldn't stock up right now.

Flying to Fountain Sunday. Plant tour Monday at 8am!

The tour is really interesting. You will have a good time. Nice people.

Lucky Dog.

I've been through the plant a few times before. I am taking a freind and a customer who have not been. Your right though, very impressive and very freindly people!

we will be there Friday. A buddy of mine is looking at one of their used fish boats.

I was there last saturday and got to checkout the P1 model with the Ilmors.....one badass boat

We just went on the tour last friday with Rodney Rich. Good time Didnt see the P1 boat.

Trading on Pinksheets now.
 

Google Finance

PinkSheets