|
Originally Posted by Jupiter Sunsation
(Post 2394936)
Partnership is a poor ship to sail on.....................
It is Velocity in Sanford, FL outside Orlando and the highway they speak of is I-4. 5 million sitting in a munibond account earning even 6% is 300K a year tax free. I wouldn't even think of the boat business even if on paper it showed I could make 600K a year. Rising insurance/ fuel prices have pushed Velocity into the center console business for a reason, they can't easily sell their go fast boats. It also notes 3 million in the asset/furniture category but no where it mentions the land/building. Would love to see the 3MM desK! Now imagine what Skip thinks Cigarette is worth! 25MM/ 50MM or more? |
Thats' why Egg Harbor bought the Avanti and hulls, EG is building CC's now.
I bet we will se some European off shores soon. I think even the PR's are getting to old for to manny. |
Originally Posted by Jupiter Sunsation
(Post 2394936)
Partnership is a poor ship to sail on.....................
I dunno - my brother in law's partnership hasn't exactly left him hurting. He and his partners are better friends now than ever. I guess selling beer and wings makes it easier........ Velocity's being offered at 5 mil. That doesn't mean it will sell for that price. |
A name for 5
|
The economy, fuel costs and their combined effect on the performance boating marketplace probably make this one of the worst times in history to be ececuting an exit strategy.
As far as $5 mil... Compare that to this financial data from a well-known publicly traded performance boat manufacrurer-- Last Sale: 1.24 Change: +0.09 (+7.83%) Volume: 7,200 Prev. Close: 1.15 Open: 1.05 High: 1.25 Low: 1.05 52 Week Range: 1.01 - 4.45 Market Cap: 6.01M Shares Outstanding: 4.84M EPS: -0.96 P/E Ratio: - Dividend: N/A Yield: - |
Originally Posted by LapseofReason
(Post 2394901)
If it is then I think he's getting out before he has to revamp his line. They have been pretty much the same boat for a long time now. Even Sonic is moving ahead.
Hey what's wrong with Velocity and Sonic sticking with what works.........................."If it ain't broke don't fix it"........ :drink: |
Originally Posted by Here's Johnny
(Post 2395107)
Hey what's wrong with Velocity and Sonic sticking with what works.........................."If it ain't broke don't fix it"........ :drink:
|
Originally Posted by fabricator
(Post 2394987)
Velocity's being offered at 5 mil. That doesn't mean it will sell for that price. |
Originally Posted by LapseofReason
(Post 2395111)
I know and lets bring back Beta max & 8 track tapes, they were both around when Steve & Jay started making their molds.:D
|
True but it's more than 1-2 mph now with step bottoms, if Sonic's new step hull is a good one I bet it picks up more like 10 mph over the old 42, and that will mean a lot more MPG too.
|
| All times are GMT -5. The time now is 05:20 PM. |
Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.