Go Back  Offshoreonly.com > General Discussion > General Boating Discussion
Fountain Reports Third Quarter Results - Not Pretty >

Fountain Reports Third Quarter Results - Not Pretty

Notices

Fountain Reports Third Quarter Results - Not Pretty

Thread Tools
 
Old 05-18-2007, 10:46 AM
  #21  
Registered
 
Join Date: Jun 2006
Location: Sunland, CA
Posts: 377
Likes: 0
Received 0 Likes on 0 Posts
Default

Not many boat builders are public companies, so they don't have to announuce when sales go down. No duh, everybody has known that sales are depressed due to high gas prices.

I think its a sign of a good product that their sales have just barely fallen. I have talked to other very good builders whose sales of their premier high performance boat products has gone to ZERO. They are staying alive with sales of wimpy boats.
carcrash is offline  
Old 05-18-2007, 10:54 AM
  #22  
T2x
Allergic to Nonsense
Platinum Member
 
T2x's Avatar
 
Join Date: Aug 2001
Location: Granite Quarry, NC
Posts: 5,011
Likes: 0
Received 17 Likes on 17 Posts
Default

Originally Posted by sleeper_dave
Brunswick owns both Baja and Mercury. As well as a bunch of other boatbuilders (sea ray, hatteras, bayliner, etc.)
I know that, but what does that have to do with Baja never going bankrupt?
T2x is offline  
Old 05-19-2007, 08:45 AM
  #23  
Registered
 
FeverMike's Avatar
 
Join Date: Jan 2001
Location: Tampa
Posts: 6,665
Received 9 Likes on 5 Posts
Default

I've never owned a Baja but they seem to have a good looking product at a good price with a strong dealer network. This keeps them in business. Most boaters can't afford a 38 Cig but they can find a way to afford a 38 Baja. Also most boaters are not as educated in product quality and can not tell the difference in build quality up to a point and Baja's look very good to them, especially for the money. Baja also sells a lot of smaller boats and bow riders and this keeps them in business. Other than all this I have to go back to the strong dealer network. Baja seems to keep the same dealers for a long long time so there has to be profit in their product line along with excellent dealer and manufacture relations.
FeverMike is offline  
Old 07-24-2007, 04:35 PM
  #24  
Registered
 
TSPM's Avatar
 
Join Date: Jul 2004
Location: ~ Long Island ~ NY
Posts: 3,374
Likes: 0
Received 0 Likes on 0 Posts
Default

Just got this today TRADE ONLY publication......follow up on Fountain.
Attached Thumbnails Fountain Reports Third Quarter Results - Not Pretty-fountain-sales01.jpg  
TSPM is offline  
Old 07-24-2007, 07:12 PM
  #25  
Charter Member # 545
Gold Member
 
Beak Boater's Avatar
 
Join Date: Dec 2000
Location: Port Tobacco MD/Cape Coral Fl
Posts: 2,152
Received 1 Like on 1 Post
Default

Originally Posted by marylandmark
Concept more than double the size of their plant recently...
Now they have 6 people working instead of 3
Beak Boater is offline  
Old 07-24-2007, 08:16 PM
  #26  
Registered
 
Back4More's Avatar
 
Join Date: Feb 2002
Location: Lake Michigan
Posts: 6,627
Likes: 0
Received 0 Likes on 0 Posts
Default

Good, maybe Fountain will drop prices even more with 0.0% financing with cash back so I could buy a new 42.
Back4More is offline  
Old 07-25-2007, 01:14 AM
  #27  
Registered
 
Join Date: Oct 2004
Location: Newbury Park, CA
Posts: 1,495
Received 47 Likes on 30 Posts
Default

Not only are gas prices hurting boat sales, but financing costs are up. People don't have as much equity in their homes to borrow against. Next year will be even worse with inboard emission standards kicking in. Not only will people not want to be the first on their block with potentially unreliable emissions equipment which really has had very little "in boat" testing (almost none in salt water), but they won't like the $1000 increase in prices per engine either. Some energy pundits are predicting oil will go to $100 per barrel in 2008. Brunswick stock is already down due to lower boat and inboard marine engine profits. It could get ugly next year. Go short on boating stocks.

Michael
Michael1 is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
T2x
General Boating Discussion
19
10-11-2008 08:41 AM
Marginmn
General Boating Discussion
2
02-14-2008 12:05 PM
jryan26
Fountain
14
01-12-2006 04:55 PM
TulsaLarry
General Boating Discussion
0
04-27-2004 08:15 AM
TulsaLarry
General Boating Discussion
0
01-29-2004 09:24 AM

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



Quick Reply: Fountain Reports Third Quarter Results - Not Pretty


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.