Thank god you changed that pitcher

You are correct. My bad, I get basic academics crossed with reality sometimes.

Chapter 9 is a great BS fact to throw out. Don't see that all that much. Don't really see much 12. Most of them skip it and go to 7.

Does anyone think that if the banks took a huge loss to keep the company together not as big of a loss as liquidating it. That there really is room in this market for a production boat builder that builds this many boats. In my opinion the only way they could be profitable is to cut production down to order only basis and build their business plan around that.

The "cram down" is entirely possible, but if that happens the company surely won't be kept as a whole, it will be split up and each brand will try to be sold to another builder. I'm sure there are/were some intense boardroom discussions for some time now. This is not an all of a sudden kind of thing though, management MUST have known for some time now that this was coming...They already filed Ch 11, so any discussions about a sale of any kind have to go thru the appointed Trustee. Most likely, they are trying to sell each brand off for enough to repay what they owe.

My whole original point here was that its entirely possible that there will be Fountain hulls available at liquidation pricing at some point in the future (just like Magic Powerboats www.lbys.com has been for the last 3 months)...maybe. I know there are posters on here who are currently Fountain dealers and i wish the best for them and hope something great comes out of all this.

WOW....... Well ok I quess I am an idiot then, and proud of it, but I would rather have bush again then the "O". Dont get me wrong I was not happy with all that Bush did, but Obama is a train wreck. :lolhit:
Maybe if the government can just buy Fountain and Baja it will be like G.M. and Dodge. And then if I am lucky we will get "cash for sinkers" and since boats cost more then cars I can get $45,000.00 for my 1987 Bayliner on trade for my 2010 42 Poker run edition with 700's in it. But I hope they at least put a stipulation that we have to buy from an american company. At least this way we will help support all them since its our (U.S. tax payers) money that we are spending.

i hope they pull thru it. start selln cheap now make up for lost sells.

Okay captain, I will make a note and inform Big Red with your instructions. Do you still have any left over shopping carts. I will be passing by your way thursday and really could use one.

Interesting but missing the big picture
 

Very interesting to read all the comments and speculation. There is alot being said by alot whom do not know what they are talking about. The brand is not going away and the brand will not be moving. I would bet you will hear very positive news within 10 days. It's not going in to this that will make as much of a difference as how they come out of it. The numbers and speculation on here are so far fetched. Whether you like Fountain/Reggie or not you need to respect him for what he has done including stimulating a tough industry at the right time. Reggie has owned and operated this company for 30 years without other owners or a BK which cannot be said for any other true high performance boat company that I am aware of. Cigarette has never died and many have run it into the ground. Now Cigarette is stronger than ever because Skip Braver is a helluva a business person. Competition is good and we need it today and in the future.

Lets just say if you do your due diligence, make contact with the bank, you will really see what is there and what you can buy and how much it will cost.

Brunswick does not own Baja and to be honest with you, Baja sales are slower than that of the bigger boats due to the way our economy has affected that demographic first and it has yet to recover but it will.

The changes Reggie has made to Baja are for the better of the brand and more value to the consumer. He took something good and made it better but picked about the worst possible time to do it.

Our industry will never see what it has seen in the past in terms of sales because of bank financing changes and only one major floor plan company left that could up root and leave at any time.

From a dealer standpoint business is not as difficult as the people making it difficult and it will be interesting to see how many players are in the game in 18 months, my guess, less than 5. We are told everyday by board members and other that they are finding it harder and harder to find a dealer that can take a trade. I really believe that the days of stocking alot of boats is near and getting banks to borrow money to dealers and consumers is getting smaller.

Lets be positive and not beat this to death but rather hope that Reggie and or the new owners make it not only to sell more Fountains & Baja's but other brands as well.

Stay tuned.

www.teamshogren.com

Couldn't agree w/ you more BH & Brian Forehand is certainly one of them. First Class!

Very Well Said From A Reliable Source Second Only to Reggie Fountain Himself!

Continued Success Team Shogren!!