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How sound is Reggie financially?

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Old 06-18-2008, 07:06 PM
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donald trump should buy it,he has the hair for it
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Old 06-18-2008, 07:15 PM
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Foutain powerboats will be around as long as Reggie is.Even if he takes a loss for a few years he ain't going nowhere.Does anybody thing that he needs the money even if the company was broke Reggie is not and he will keep it running
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Old 06-18-2008, 07:26 PM
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Foutain powerboats will be around as long as Reggie is.Even if he takes a loss for a few years he ain't going nowhere.Does anybody thing that he needs the money even if the company was broke Reggie is not and he will keep it running

Very true. How do you make a million dollars in the boating business? Start with two!
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Old 06-18-2008, 07:35 PM
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donald trump should but it,he has the hair for it
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Old 06-18-2008, 07:54 PM
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The way this site has been running, it will be gone before Reggie.
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Old 06-18-2008, 08:19 PM
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Reggie would be just fine if the price of gold would double!!!!!
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Old 06-18-2008, 08:43 PM
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donald trump should buy it,he has the hair for it
I don't think so .......

TAMPA - The developers of Trump Tower Tampa filed for Chapter 11 bankruptcy Tuesday - a sign the tower may never go up.

It has been more than three years since Tampa-based SimDag/Robel LLC announced plans to build the 52-story luxury tower downtown along Ashley Drive. Vertical construction on the tower never started because SimDag couldn't obtain financing.

The project got mired in liens and lawsuits, even one from Donald Trump, for whom the project is named. Trump sold naming rights to SimDag and said in his suit he wanted his name removed because the tower was off schedule and the developers owed more than $1 million in fees.

The bankruptcy filing lists SimDag's debt at $10 million to $50 million. Developers estimate there are more than 200 creditors.

When sales in the proposed tower began, buyers put down 20 percent deposits on the condos, originally priced at $700,000 to $6.5 million. Half of the money was put in escrow so it could be returned to buyers. The rest was turned over to SimDag and used for site preparation.

Several buyers have sued to get their money back.

Part of SimDag's problem was the real estate market. When the market tanked, traditional lenders steered clear.

Developers looked for financing from hedge funds, a risky, expensive method to fund projects.

All the hedge funds also turned them down.
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Old 06-18-2008, 10:40 PM
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Very true. How do you make a million dollars in the boating business? Start with two!
True. Trust me....
Now keep watching
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Old 06-19-2008, 09:56 AM
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Foutain powerboats will be around as long as Reggie is.Even if he takes a loss for a few years he ain't going nowhere.Does anybody thing that he needs the money even if the company was broke Reggie is not and he will keep it running
Never confuse hero worship with cash flow. Someone once said "there is never enough money", and that goes double for trying to carry a public company on a single individual's back. If you miss your financial covenants and you are a public company...you go belly up. The thought that someone--anyone--- would carry a boat company that is losing buckets of cash for very long is a pipedream.

On the other hand he could try a new company.... and call it "Executioner".... and start all over again, but at his age... Why?

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Old 06-19-2008, 10:01 AM
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I'm sure he has options, dowsize, restructure etc... Didn't they just buy Baja or something? In addition to the economy proftits are probably down because of that cost to buy.. I think they'll make it but I guess we'll just have to wait and see!
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