This just in.............
11-08-2006, 12:09 PM
#1
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This just in.............
Fountain Powerboat Swings To 1Q Loss On Higher Costs >FPB
DOW JONES NEWSWIRES
November 8, 2006 12:41 p.m.
DOW JONES NEWSWIRES
Fountain Powerboat Industries Inc. (FPB) swung to a first-quarter loss of $155,970, or 3 cents a share, from a year-earlier profit of $679,058, or 14 cents a share, as the cost of sales and other expenses rose.
The Washington, N.C., maker of offshore sport powerboats and military support craft said sales rose 1.3% to $19.4 million from $19.2 million.
Fountain shares were recently down 24 cents, or 4.8%, at $4.75.
-Sara Leitch; 201-938-5400; [email protected]
DOW JONES NEWSWIRES
November 8, 2006 12:41 p.m.
DOW JONES NEWSWIRES
Fountain Powerboat Industries Inc. (FPB) swung to a first-quarter loss of $155,970, or 3 cents a share, from a year-earlier profit of $679,058, or 14 cents a share, as the cost of sales and other expenses rose.
The Washington, N.C., maker of offshore sport powerboats and military support craft said sales rose 1.3% to $19.4 million from $19.2 million.
Fountain shares were recently down 24 cents, or 4.8%, at $4.75.
-Sara Leitch; 201-938-5400; [email protected]
11-08-2006, 01:39 PM
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Re: This just in.............
DOH!!!
Key West's race #1 in SuperVEE isn't going to help either.
1st Place: Lucas Oil Skater
2nd Place: Joe Boxer Skater
3rd Place: Shogren Marine Fountain
4th Place: Yachts Fountain
Key West's race #1 in SuperVEE isn't going to help either.
1st Place: Lucas Oil Skater
2nd Place: Joe Boxer Skater
3rd Place: Shogren Marine Fountain
4th Place: Yachts Fountain
11-08-2006, 01:47 PM
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Re: This just in.............
Originally Posted by T2x
as the cost of sales and other expenses rose.
I was wondering when they will have to do this. Don't be so nice to the boating public Reggie.....learn from the comp and hit 'em hard at the dealer.
11-08-2006, 01:50 PM
#5
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11-08-2006, 05:19 PM
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Re: This just in.............
Look before you leap Sean. Reading the reasoning for the poor perf I would question why implementing Lean Mfg. would be a mentionable drain. If implemented well there is no loss in producitivty. No mention of commodity pressures at all which must be a large negative driver of editda. It has been for most other domestic manufacturers. And ending expenses related to racing cannot be a good move. They need to advertise more, not less.
Reggie ought to put me in there, I'd get that ship righted
BT
Reggie ought to put me in there, I'd get that ship righted
BT
11-08-2006, 06:27 PM
#8
Geronimo36
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Re: This just in.............
wicked financing deals are the first sign of a problem....
I'm sure the cost of FRP went up with the oil prices and this summer.
I'm sure the cost of FRP went up with the oil prices and this summer.
Last edited by Panther; 11-08-2006 at 06:30 PM.
11-08-2006, 08:20 PM
#9
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Re: This just in.............
this time of year is the usual low for their stock which picks up steam usually during boat show season and slowly falls back as the season wears on..all the positive press from big order numbers during late winter and early spring usually helps things, then people come back to reality
11-08-2006, 09:00 PM
#10
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Re: This just in.............
I'm trying to figure out why anybody wanting to put money in the market would do it on boats! 
