"And now for something completely different."

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05-12-2006 | 01:44 PM

#21

spk1

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Joined: Aug 2004

Posts: 4,227

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From: FORTLAUDERDALE, FLORIDA

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

05-12-2006 | 01:52 PM

#22

O.C.Barry

Charter Member

Joined: Dec 2001

Posts: 1,637

Likes: 54

From: Ocean City, MD

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?

__________________
Thanks, Barry

Driver - High's Fuel Your Journey Cigarette Racing Team #598

05-12-2006 | 04:11 PM

#23

rsess

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Joined: Nov 2002

Posts: 130

Likes: 20

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.

05-12-2006 | 04:20 PM

#24

Panther

Frank's Marine Service

Joined: Sep 2002

Posts: 11,959

Likes: 142

From: Elkton, MD

Re: "And now for something completely different."

Quote:

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.