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Not again- Fountain propaganda has crossed international lines.

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Old 11-26-2007, 12:12 AM
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Originally Posted by CatuLater View Post
If you want to know who is the best just ask fountain. They are humble but Im sure they will tell you.
Apparently we are neighbors......I am in LHP.

Not that you would consider that a good thing.
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Old 11-27-2007, 02:46 PM
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ohhh snap

FOUNTAIN PWRB IND (AMEX:FPB)

Last Trade: 1.38
Trade Time: 12:43PM ET
Change: 0.07 (4.83%)
Prev Close: 1.45
Open: 1.45
Bid: N/A
Ask: N/A
1y Target Est: N/A

Day's Range: 1.38 - 1.45
52wk Range: 1.35 - 4.45
Volume: 2,300
Avg Vol (3m): 3,826.56
Market Cap: 6.66M
P/E (ttm): N/A
EPS (ttm): -0.95
Div & Yield: N/A (N/A)
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Old 11-27-2007, 04:08 PM
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Originally Posted by ApacheCarl View Post
ohhh snap

FOUNTAIN PWRB IND (AMEX:FPB)

Last Trade: 1.38
Trade Time: 12:43PM ET
Change: 0.07 (4.83%)
Prev Close: 1.45
Open: 1.45
Bid: N/A
Ask: N/A
1y Target Est: N/A

Day's Range: 1.38 - 1.45
52wk Range: 1.35 - 4.45
Volume: 2,300
Avg Vol (3m): 3,826.56
Market Cap: 6.66M
P/E (ttm): N/A
EPS (ttm): -0.95
Div & Yield: N/A (N/A)
I was just looking at this earlier today, and thinking, how cool would it be to get a group together and by up the stock. Even with only 100 investors, thats $66,640 a person. If you can not beat them, then buy them.

Now before anyone get too excited, I realize that the majority of the stock is institution and insider owned, and most likely, not presently available.

This is from the latest quarterly report:

WASHINGTON, NC - November 13, 2007 - Fountain Powerboat Industries, Inc. (AMEX:FPB), a leading manufacturer of high performance sport boats, fish boats and express cruisers, today announced the results of its fiscal 2008 first quarter ended September 30.

Net Sales
Net sales for the first quarter were $18 million, a 7 percent decrease when compared to sales of $19.4 for the first quarter of fiscal 2007.

“We expect revenues for Fiscal 2008 to be flat, at approximately $68 million, which is an aggressive goal given the weak market for fiberglass recreational boats,” stated Fountain’s founder and CEO Reginald M. Fountain, Jr. “Our revenue for the first quarter is in line with our goals for the year. While attendance at boat shows has been down this year our participation has been intense and our sales at retail at the shows have been encouraging. We are confident that the introduction of new and enhanced boat models during Fiscal 2008 will give a boost to our sales,” added Fountain.

Operating Profit/(loss)
Operating profit for the first quarter of Fiscal 2008 was $638,470, versus an operating loss of ($38,505) for the first quarter of Fiscal 2007.

“The improvement in operating profit is the result of improvements in the productivity of the manufacturing operation and the aggressive cost and expense reduction program that the Company’s management has effected over the past few months,” commented Fountain’s Chief Financial Officer, Irving Smith.

Net Profit/(Loss)
Net profit for the first quarter of Fiscal 2008 was $273,340, or net earnings per share of $0.06 on a basic and diluted basis, versus a net loss of ($196,670), or net loss per share of ($0.04) on a basic and diluted basis, for the first quarter of Fiscal 2007.
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Old 11-27-2007, 05:14 PM
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If you could start a proxy bid you could probably force Merc to play their hand and BUY the company.

After they made that loan they had the right, at future dates, to purchase the company. I am sure that includes a hostile takeover.
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Old 11-27-2007, 05:37 PM
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If you look at the last annual report and the latest 10Q, Fountain is carrying a substantial debt, mostly in the form of cash borrowed to finance operations. Fountain is the world's most successful boating tax shelter- for Reggie.
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Old 11-28-2007, 03:51 PM
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I guess all the brokers on Wall Street buy OuterLimits.....Go figure..... The overall market is up close to 3 percent today.

FOUNTAIN PWRB IND (AMEX:FPB)

Last Trade: 1.30
Trade Time: 3:03PM ET
Change: 0.08 (5.80%)
Prev Close: 1.38
Open: 1.42
Bid: N/A
Ask: N/A
1y Target Est: N/A

Day's Range: 1.30 - 1.43
52wk Range: 1.35 - 4.45
Volume: 13,700
Avg Vol (3m): 3,803.08
Market Cap: 6.28M
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
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