Fountain Files Chapter 11 Bankruptcy
08-25-2009 | 12:24 PM
#101
Banned
Joined: Aug 2009
Posts: 41
Likes: 0
For those on OSO and the industry and sport who want to cry and whine and complain and blast about the problems with companies like Fountain in our industry I would say there is nothing really useful, helpful or insightful that comes from this "kicking a hurt manufacturer" when they are down! Fountains contributions, past successes and importance to our industry are without question.
I am quite sure that no manufacturer or vendor in our sport and industry were responsible for this horrific downturn in the US economy and its subsequent fallout, but I am also sure that some could have been more careful in their long term planning and positioning in the market place, but thats the way it is in any free democracy capitalist form of economy! 10-5 years ago, most everyone ,even some of you, including these businesses where "FAT, Dumb and Happy", Mercury included!
It is important that we don't loose sight of the future of this industry and sport. We should all be concentrating on staying dilgent to our own economic situation, staying correctly informed,refocusing our efforts to all work hard and contribute to the earned only success of our sport and industry!
Standing around saying I told you so! and being contrite about an important manufacturer's situation and future is counterproductive and hurtfull to the whole future of this industry and sport!
The new Performance Boating Sport and Industry will never be the same as it was 5-10 years ago and rightly so! It has to morph into a newer more efficent and affordable industry and sport!
Just also remember, that where there is a need and companies and individuals fullfill those needs there are rewards and success to be had. I hope that our industry will ride out and survive these difficult times, because your recreation and enjoyment DEPEND ON IT!!
Lets all get better at everything we do and say and our futures will benefit greatly!
Best REgards,
Ray @ Raylar
I am quite sure that no manufacturer or vendor in our sport and industry were responsible for this horrific downturn in the US economy and its subsequent fallout, but I am also sure that some could have been more careful in their long term planning and positioning in the market place, but thats the way it is in any free democracy capitalist form of economy! 10-5 years ago, most everyone ,even some of you, including these businesses where "FAT, Dumb and Happy", Mercury included!
It is important that we don't loose sight of the future of this industry and sport. We should all be concentrating on staying dilgent to our own economic situation, staying correctly informed,refocusing our efforts to all work hard and contribute to the earned only success of our sport and industry!
Standing around saying I told you so! and being contrite about an important manufacturer's situation and future is counterproductive and hurtfull to the whole future of this industry and sport!
The new Performance Boating Sport and Industry will never be the same as it was 5-10 years ago and rightly so! It has to morph into a newer more efficent and affordable industry and sport!
Just also remember, that where there is a need and companies and individuals fullfill those needs there are rewards and success to be had. I hope that our industry will ride out and survive these difficult times, because your recreation and enjoyment DEPEND ON IT!!
Lets all get better at everything we do and say and our futures will benefit greatly!
Best REgards,
Ray @ Raylar
great statement . Kiekaufer was great as well .doggin' reggie cuz he didnt give some of you the attn you felt you needed wont help ya'll get it now . Its nice to see positive comments from the youth who are still involved . Good for you ,keep youre sport alive with positive input here on oso
08-25-2009 | 01:09 PM
#102
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Joined: Aug 2009
Posts: 36
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From: Orange County, CA
I am in discussions with a few billionaires (members of my yacht club, and my best man) about if Fountain could be a good investment. The very rich were not hurt in this downturn: they knew the "tax less, spend more, send trillions to the middle east" Bush concept was a short term play, and they played it so: they pulled out 12 months or less before Bush was done. Its all the poor suckers (the common rich) like you and be who kept their money in 401Ks, commercial real estate, and/or private corporate holdings "for the long term" that took it in the net worth. We'll see who ends up with Fountain, I expect it will be one of my buddies.
08-25-2009 | 01:17 PM
#103
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Joined: Aug 2009
Posts: 36
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From: Orange County, CA
I'm sure they are being lied to or promised things that will make them seam at ease, so they will not be another problem to deal with. For their sake, i hope help does come.
08-25-2009 | 03:33 PM
#110
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Joined: Dec 2002
Posts: 6,636
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From: Bucyrus, Ohio
They will combine Foutain, Baja, & Checkmate.
The new company will be Beckmountain or Beakmate.
(Note to Purple Hornet aka Big Red or whatever name you go by: This was posted for fun purposes only. No need to post it on the other board as a fact)
The new company will be Beckmountain or Beakmate.
(Note to Purple Hornet aka Big Red or whatever name you go by: This was posted for fun purposes only. No need to post it on the other board as a fact)
