it would make sense to file a chapter 11 if thats the case......15 boats is crazy!!!! to buy back

I've never heard of a program like that. When I was a Cig dealer it was pay up front for anything you have in inventory. Then it was keep what ya got and good luck.

i may be wrong but i think having that buy back clause was the only way the bank would lend the money and keep the interest within reason......................

OL does make a great product. But there is no need to feed the wolves by giving Co info. Moreover, you may consider yourself to not be volunteering information however some can read between the lines. In time a company that produces boats in the future will be seen as "weathering the storm."

I.E. Dont tell the public your re adjusting to the times - it means your either making a cheaper boat or laying off employees or reducing costs at some other level.

Wishing all boat companies and employees calm seas for 2009 and beyond!

Chris Del Collo
Business & Real Estate Management
856-904-1961

i went by LCM yesterday and everything looked
fine...all bays were full and busy....new fountain displayed out front and all the outerlimits sitting were they always are.....looked just like it did at the same time last year....but that may be part of the problem huh....

Thats correct for most. Havent been involved with Cig for a lng time so I don't know their specific deals. Buyback is usually at 60-70% of original dealer invoice.

With that being said, rumors are no good for anyone and there are ALWAYS rumors floating around (no pun intended LOL) that aren't true. OL is a very well run company and I'm confident they have their act together

I think all floor plans have that same Clause.

toasty,
that's what I was kinda thinking, "readjusting" and the whole reason for the thread in the first place, seems rather reactive. I hope all the builders/dealers make it thru this tough time.........
Dean

Thank you Dean!

I am sure OL will be fine.
Sometimes business owners are unable to reserve comment and must address all outsiders view points or criticism with personal or confidential info. OL and their representatives need to be aware that their customer service at poker runs (although I have not been to one & simply just read about their quality service) which goes above and beyond will speak volumes about their staying power

Chris Del Collo
Business & Real Estate Management
856-904-1961

if I posted up everytime I heard a rumor about Bill oso would have over 3 million posts, but with him 99% turn out to be fact.