Like Tree0Likes

Fountain Powerboat Industries reported a loss of profits

Reply
Old 02-12-2007, 05:31 PM
  #11
Platinum Member
Platinum Member
 
crb76's Avatar
 
Join Date: Jul 2005
Location: Houston, TX
My Boats: Boatless in Htown
Posts: 1,140
Default

Not many have made money in the performance boat building business...It’s a credit to him that he has a real business that we can talk about Profit and Loss. He is also a great promoter for the sport/ industry.

With that said, I am not a big fan of the product but a lot of people do.
crb76 is offline  
Reply With Quote
Old 02-12-2007, 06:09 PM
  #12
Xtreme Cooler Test Dumby
Platinum Member
 
Need-the-Speed's Avatar
 
Join Date: Sep 2001
Location: Watkins Glen, New York
My Boats: 1997 Fountain 24 CS, 2002 31 Fiesta Vee, 2005 Xtreme Cooler ATC
Posts: 1,442
Default

perhaps the pr could be a result of Fountains relationship with Mercury. I guess, over the past years, it has been easy for somebody that doesn't pay the bills to post PR about "another banner Year" or "record sales" "Profits, Profits" etc. etc., Wasn't Reggie into Mercury for Millions thus the new relationship? I could be way off on this one as I've only picked up bits and pieces in passing. I assume they had to tapper into this type of PR so they wouldn't scare anybody.





All in All Reggie makes a great Boat! At least I like em'!
Need-the-Speed is offline  
Reply With Quote
Old 02-12-2007, 06:58 PM
  #13
Registered User
 
Join Date: Jan 2007
Location: Mansfield, TX
My Boats: 1990 28 Apache SOLD!, 1990 16 Wahoo DC, 1973 40 Kingscraft
Posts: 5,701
Default

Fountain is the only SEC boat manufacturing companies (that I know of) - which is a huge accomplishment in itself.

I was sold on the 29 until I found out about the rough water capability and beak factor.
TexomaPowerboater is offline  
Reply With Quote
Old 02-12-2007, 07:20 PM
  #14
AKA NoMoBoatin
Platinum Member
 
Join Date: Jan 2003
Location: Can't remember.
Posts: 3,684
Default

Quote:
Originally Posted by Donzi38ZXXX View Post
Maybe the ZR's sre taking some of the market share!
And the A/Ts too.
docmanrich37 is offline  
Reply With Quote
Old 02-12-2007, 07:42 PM
  #15
Registered
 
cosmic12's Avatar
 
Join Date: Jan 2006
Location: Syracuse N.Y.
My Boats: Dreaming of a 32 AT
Posts: 4,951
Default

Quote:
Originally Posted by docmanrich37 View Post
And the A/Ts too.
there has been a couple Beak converts lately
cosmic12 is offline  
Reply With Quote
Old 02-12-2007, 11:37 PM
  #16
Registered User
 
Join Date: Feb 2006
Posts: 714
Default

Quote:
Originally Posted by Dock Holiday View Post
I do understand from an outside source that Brunswick still holds an option to buy the company.
Not according to their SEC filings. They may have a private deal with Reggie who owns control, but the loan guarentees have been released.
the duke is offline  
Reply With Quote
Old 02-12-2007, 11:40 PM
  #17
Registered User
 
Join Date: Feb 2006
Posts: 714
Default

Quote:
Originally Posted by DaveP View Post
How can a company post a loss and lay off 150 people last week when it has a $50 million dollar backlog of orders?.
They could have a Billion dollar backlog of orders and still show a loss for the quarter. It depends on when they are built/shipped/paid for etc.
the duke is offline  
Reply With Quote
Old 02-13-2007, 10:01 AM
  #18
Registered
Thread Starter
 
DaveP's Avatar
 
Join Date: Oct 2000
Location: Toms River, NJ
My Boats: 2004 36 Concept
Posts: 2,740
Default

Quote:
Originally Posted by the duke View Post
They could have a Billion dollar backlog of orders and still show a loss for the quarter. It depends on when they are built/shipped/paid for etc.
There is NO backlog
DaveP is offline  
Reply With Quote
Old 02-13-2007, 10:18 AM
  #19
Registered
 
Downtown42's Avatar
 
Join Date: Nov 2003
Location: 1 Flu Ovr KuKos Nest-WI
My Boats: 2005 42' Fountain SOLD
Posts: 9,950
Default

Love him or hate him....

"Reggie, will you be my Valentine?"

Downtown42 is offline  
Reply With Quote
Old 02-13-2007, 10:42 AM
  #20
Registered
 
Join Date: Jul 2006
Posts: 227
Default

NickOTeen,

Not going bankrupt ain't exactly hero work, I agree, but what the PB article said, if you read it, is that not going bankrupt is "great source of price" for Fountain. The guy who wrote the article quoted Reggie on subject, but made no comment one way or another on his "business acumen."
100-Plus is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
racerx314
Swap Shop
4
09-20-2008 02:08 PM
JCPERF
Fountain
187
09-20-2007 07:13 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 04:02 PM.


Copyright 2011 OffShoreOnly. All rights reserved.