More bad news for Brunswick
10-21-2008, 12:05 PM
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10-21-2008, 05:28 PM
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KiloKat
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And it's only going to get worse guys! I'm concerned that we haven't even begun to see the real "main street" trickle down effect from the current financial crisis. This country has been living on far too much easy credit for far too many years and although that can't be stopped, I'll assure you it's going to be drastically slowed. Very sad state of affairs ...
10-21-2008, 05:42 PM
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Dave, I agree 100% with you. was looking at boats today at LOTO, too many unbelievable deals to count, looked at a 2007 440 Searay repo today for 225k cash, boat was perfect, boat should be in the 325-350k range. Looked at a couple performance boats and they were even worse, , A couple of boat salesman said this winter boat prices are going to go down beyond belief. Heard a few of the bigger dealers are on the verge of Bankruptsy. I hope it does'nt get this bad, this summer took a big toll on the lakes businesses.
10-21-2008, 06:04 PM
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Very sad for all. i don't understand how all these company's didn't see some of this coming. lets face it you had to be pretty dumb if you thought the ecomomy was going to continue to grow as rapid as it was. Let all hope this is an eye opener to all these company's that spent butt loads of stockholder money on bullcrap trips and perks for there CEO's. The real victims here are all the poor people who stuck there hard earned money into these huge company's that did nothing but abuse the stock holders money. Lets all remember the saying...a penny saved is a penny earned. Also goes to show you how messed up are tax system is also. Were these company's get taxed...or punished for big profits. If you look at it from that angle why not give perks and big dividends. Take a trip......its a write off......Show as profit......pay uncle sam.
10-21-2008, 08:42 PM
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Both General Motors and Ford are "junk" rated and have been for awhile. Everything seem to indicate that there are severe economic storm clouds on the horizon which doesn't bode well for anyone, let alone companies with to much debt.
10-21-2008, 09:00 PM
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The storm clouds have been here for some time...
Problem is, the current administration has been pissing on our heads...
But telling us it's raining...
Can you spell D-E-P-R-E-S-S-I-O-N????
Divenstar
10-21-2008, 10:59 PM
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The financial climate isn't so great here in Ontario, Canada either, the Automotive Industry is in a tail spin. Everyone is talking about, if GM and Chrysler join forces and become one there could be many more job loses and plant closures.
