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"And now for something completely different."

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Old 05-12-2006, 02:44 PM
  #21
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Default Re: "And now for something completely different."

Quote:
Originally Posted by Pantera1
They just need to add some beak and platform and market the boats as a foot or two longer than they are ..problem solved
oK, so sometimes people dont agree with your humor,, but that one was pretty dayum funny
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Old 05-12-2006, 02:52 PM
  #22
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Default Re: "And now for something completely different."

My buddy Bill and I were in Don Aronow's office about a month before Don died. Don asked Bill how car business sales were, to which Bill responded, "Great, how are sales in the boat building business, Don?" Don said, "In this business, you don't make money building and selling boats, you make money selling boat building COMPANIES."

Sounds even more profound now doesn't it?
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Old 05-12-2006, 05:11 PM
  #23
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Default Re: "And now for something completely different."

It is very interesting that Brunswick Corporation has been buying boat companies at a rate of at least 4 per year. In the case of Fountain where they have had some form of vested interest for 4 years or so, they have decided to stay with this relationship and not buy up Fountain. Assuming they have some form of right to purchase they have chosen not to exercise it, probably based on the relatively low profitability of the company.
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Old 05-12-2006, 05:20 PM
  #24
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Default Re: "And now for something completely different."

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Originally Posted by rsess
Assuming they have some form of right to purchase they have chosen not to exercise it, probably based on the relatively low profitability of the company.
Yes, I would assume they did their due diligence and decided against the purchase. Now they're waiting for the company to be diluted so they can exercise their option to buy at a bargain.
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