Reggie Fountain Can't be Put Down
07-24-2008 | 02:32 PM
#51
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Joined: Jun 2005
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I used to think the exact same way. The market dictates who survives, not the government and survival of the fittest and all that. But, the older I get, I think that things can move so quickly that it's hard for the employee to switch from job to job and maintain a living. I think the government providing some stability and stimulus here and there is a positive. I just don't want a habit of it...
07-24-2008 | 02:58 PM
#53
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Joined: Jul 2007
Posts: 988
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From: San Diego
I see it this way, would you rather have 12 million given to companies that keep people employed, and acting as contributing members of society, or...... waste it on a bunch of 3rd generation welfare trash, that sit on their ass all day complaining that they have not recieved enough__________(insert just about anything) from the government lately? I know where I stand.
Darrell.
Darrell.
07-24-2008 | 03:04 PM
#54
Charter Member #34
Joined: Oct 2000
Posts: 7,151
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From: Beautiful North Carolina
I used to think the exact same way. The market dictates who survives, not the government and survival of the fittest and all that. But, the older I get, I think that things can move so quickly that it's hard for the employee to switch from job to job and maintain a living. I think the government providing some stability and stimulus here and there is a positive. I just don't want a habit of it...
If Fountain was growing it may be a good investment. But if I understand correctly the employees have taken a pay cut, Reggie is not taking a pay check right now and there is a lot of money owed to banks. The stock is in the toilet and I see this as a matter of survival instead of actually growing a company and creating jobs. I could be all wrong but just what I am hearing.
Hopefully he makes it and we the tax payers see a return?
07-24-2008 | 03:23 PM
#55
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Joined: Oct 2003
Posts: 9,495
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), is how do you keep the two seperate for income/tax purposes if they are in the same facility?Reggie cleaned out the cookie jar long ago. If he doesn't need the paycheck and he gets to still be The Creator (of the "World's Fastest, Safest, Most Dependable, Removes All Stains, Won't Clog Your Arteries, Stops Erectle Dysfunction Powerboats") then this just keeps the party going on.
07-24-2008 | 03:49 PM
#56
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Joined: Apr 2004
Posts: 979
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From: Bartlesville, OK
Anyone who owns a business is ultimately is looking to turn a profit otherwise you won't be able to survive...the lenders are tightening their requirements all the time....people no longer have the luxury of turning a profit in a few years,...unless you are established and have good credit it will be a short run which is why most businesses fail in the first three years of start-up...
people that start businesses and hire people are there to make money plain and simple and if that includes bringing stable employment along the way that's a great benefit...
I can't speak for other business owners but we are not in business just to provide jobs, if we aren't making money and moving forward no one needs the aggravation to just tread water or loose money..
Unprofitable Divisions will be eliminated and/or restructured which ultimately leads to a loss of some jobs...
Some people want to make the case that a company needs to show them loyalty and be there for as long as they want, but it never seems to happen when the shoe is on the other foot...
Funny thing is no one criticizes anyone for moving on to a new job to further themselves even if their present employer payed them more than the going rate for their services...
While I don't claim to know any of the circumstances surrounding Fountain's purchase of Baja someone thinks it's a good deal or at the very least a way to further their company...
It happens all the time, one company buys another and they are absorbed never to be heard from again...At least on the surface it appears that Fountain is still going to keep the Baja brand alive, for how long is anyones guess and that's all it is a guess.
Like him or not he's putting his company on the line doing this deal and I wish him the best for the marine industry as a whole needs some positive outcomes out of the doldrums that they are presently in...
people that start businesses and hire people are there to make money plain and simple and if that includes bringing stable employment along the way that's a great benefit...
I can't speak for other business owners but we are not in business just to provide jobs, if we aren't making money and moving forward no one needs the aggravation to just tread water or loose money..
Unprofitable Divisions will be eliminated and/or restructured which ultimately leads to a loss of some jobs...
Some people want to make the case that a company needs to show them loyalty and be there for as long as they want, but it never seems to happen when the shoe is on the other foot...
Funny thing is no one criticizes anyone for moving on to a new job to further themselves even if their present employer payed them more than the going rate for their services...
While I don't claim to know any of the circumstances surrounding Fountain's purchase of Baja someone thinks it's a good deal or at the very least a way to further their company...
It happens all the time, one company buys another and they are absorbed never to be heard from again...At least on the surface it appears that Fountain is still going to keep the Baja brand alive, for how long is anyones guess and that's all it is a guess.
Like him or not he's putting his company on the line doing this deal and I wish him the best for the marine industry as a whole needs some positive outcomes out of the doldrums that they are presently in...
07-24-2008 | 07:21 PM
#59
Banned
Joined: Dec 2006
Posts: 368
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From: Atlanta
I will start off saying I cannot stand Reggie, his boats, his clothes, his hair, his jewelry and etc. But personal opinions aside...
It seems like these statements have been around since he built his first boat. Year after year after year, people have disrespected this man's ambitions and drive. I do believe failure is not an option to Reggie. Too bad more business leaders can't offer this outlook.
Godspeed to fountain and his team!
From the outside it seems as if brunswick is financing this whole deal I would be willing to bet a normal bank would not touch this. I just do not see where he plans to get customers for all these boats especially when the price of used ones are dropping like rocks.
Godspeed to fountain and his team!
07-24-2008 | 07:39 PM
#60
Registered User
Joined: Apr 2007
Posts: 1,474
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From: prince george,va
watching you
I will start off saying I cannot stand Reggie, his boats, his clothes, his hair, his jewelry and etc. But personal opinions aside...
It seems like these statements have been around since he built his first boat. Year after year after year, people have disrespected this man's ambitions and drive. I do believe failure is not an option to Reggie. Too bad more business leaders can't offer this outlook.
Godspeed to fountain and his team!
It seems like these statements have been around since he built his first boat. Year after year after year, people have disrespected this man's ambitions and drive. I do believe failure is not an option to Reggie. Too bad more business leaders can't offer this outlook.
Godspeed to fountain and his team!
