Word is !!!
 

Heard fastboats is going under !! can anyone confirm anyhearsay so I can avoid getting screwed !! thx:angry-smiley-038:

They opened a new facility a month ago, and there hasn't been much talk about them having any problems recently:

http://www.offshoreonly.com/forums/o...-showroom.html

If you'll do a search in General Discussion, there are already a couple of threads discussing this. I will move this thread to GD as well, where you might get more info.

I like the fact someone can ask a freakin' question with out getting bashed for "spreading rumors". Nice going Brandon.

Fastboats going under? Well, they're not carrying their flagship line "nor-tech" anymore which is what made fastboats what it is. But for as much as I'm not a huge fan of Randy, I will give him this: He re-invented himself and took a leap of faith opening a storage/service/sales facility. Now, was this the best time? No. But I think he was forced to play this hand. We'll see how it works. I don't wish ill on anyone and hope it works out. We'll see.

Yeah right.

That is a nice place!!!

Randy doesn't own that marina/storage facility......he is a tenant out front in the sales building.

The marina is owned by Aquamania, a group led by Andrew Sturmer, the same guy that crashed Hi-fit/ Passport Marina last year. Passport was the world's largest Formula dealer until the repo men got done with it!

Is that same aquamania as the Race boat?

What if somebody confirms they aren't? Then what?

Enough with "who's going out next?" It's boring.

N O P E

I don't understand the facination alot of people have here about people that are leaders in the industry having trouble. I do agree that people who have been burned should use forums like OSO to prevent others from getting burned, but it just seems when reading these threads some just want to pile on. The more big dealers that go out of business the worse the industry will be as a whole, and threads like these don't seem to have much of a point except to maybe make some feel better about their own short comings. I hate to be the bearer of bad news to some of you.... without these dealers many of the high end boats will be factory direct only. Although this may be better for a person with no trade, most have a trade. No offense but the majority of the people out there really have no clue as to what ACV (actual cash value) of their boat is, and as a person in a very similar industry I can tell you that the chances are it is worth no where near what you think. We need dealers that can properly market these trades and keep the industry moving forward. In closing let me remind you that I have no problem with anyone lighting someone up that has burned them or even a close friend, but the joy some get out of kicking people when it appears or there is a rumor that there is a financial problem is getting old. I can pretty much guarantee that these individuals still have more than the people piling on.

100% right on but........ if you read the press release it would seem Fastboats owns that marina rather than being a tenant renting space in an out building (shady wording). Many out of towners rely on a webpage to see how big/nice a business is doing. So if this guy is looking at a boat online that is listed by FB then he just found out that things have changed dramatically since last year then he would be shocked.

Randy has built some awesome machines and sold many boats to happy people. Any business will have unhappy clients especially the boat business.

Who kicked anyone when they were in financial troubles or got any joy out of said potential problems? Jeeez, the guy just asked a question to see if the rumors he heard were true. No one has been able to confirm anything that I've seen...(At least not in public...). But in general, I'd say this thread has actually helped FB's. No one seems to be able to point out any problems except that the owner of the marina is an apparent douche bag....So carry on.

I wasn't specifically talking about or reffering to this particular thread. I should have started a seperate thread, but why does the fact that he heard a rumor belong in a forum where it has the ability to negatively impact someones business by reaching thousands of potential customers. There are plenty of resources out there to watch who is having bankrupcy problems. When facts are established about someone or their business then maybe it has some validity. Again I'm talking about the numerous threads here on OSO the last couple of months not this thread or business in particular. Just my .02.

Is Nor-Tech having financial troubles ?

No, considering all the new boats they have delivered in 2009 (more than anyone other builder). They just discontinued using FB.com as a dealer.

Building new boats and hanging in there.
Thanks for asking.

Terry good to hear you are "hanging in there" If you were "Hanging out there" you might get arested :lolhit:

Hope all is well my friend

Simple as this. The economy sucks, boat loan are almot impossible to get no matter what your credit score or deposit. I would guess that there are very few boat companies that are NOT hurting in this economy.

I dont look at these threads as rumors - I look at these threads as somebody heard a rumor and they are coming here to find out if it was true or not. Most of the boat manufacturers are on here, companies involved in boating, their employees or others close to the source. Its their chance to kill a rumor or set the record straight ... which ever the case may be. Not everybody chooses to do that and so then more rumors get going but ... that would happen with or without the internet

Audiofn is right on... who isnt feeling some issues ... directly or indirectly

Seems rumors carry more weight around here than the facts.
All it takes is "I heard" and you're off and running.
BTW, do a search on "I heard".

Tank, I believe Chuck is alluding to the fact that many, no names mentioned here, "feed" on others misfortune. In our society, it has become a feeding frenzy when entities that have garnered fame or fortune, fail. It is in reality very sad that this has become such a mainstay in many peoples way of life. Gossip!!!

I agree this thread does not have that "tone", just someone wanting information. And true, there are times when information is warranted due to ones financial interest or holdings.

The sad fact is there are many businesses struggling now due to the economic downturn, and it seems many adhere to the old saying "misery loves company". Also sad some people can not stand others accomplishments.

Anyway, that is my interpretation of Chucks post, FWIW.

Good day
Sam

No. You cant get the facts unless you ask for them and somebody gives them to you. Problem is that you also get a lot of opinion mixed in with it. That happens when you have a bunch of people conversing. :kiss:

agree, way too much BS.

The best way to find something out is to ask a person a direct question, not other people. In case this needs clarification, I mean ask the person who you have a question about.

Exactly..Ya'll... call Randy up and ask the question. No one will, cause thats how it's not done in this or any society. It's easier to speak about somebody or bring up facts of somebody else when Ya'll with the comments of speculation (BS) should be doing is ... worring about yourselves, and how can I do better, as a person. It's a Frickin soap opera around here..

In a perfect world maybe.....but not many people have the integrety to give you a straight answer. Let alone think it's anyones business but their own.

You think Reggie would have told you the week before filing bankrupcy??:bsflag:

EXACTLY........

and then just believe whatever you're told..... that'll work every time....

Well let me ask you a question. If the point of these threads is to prevent getting burned on a deal and for no other reason,then wouldn't it make much more sense to simply pay for the boat when you receive a free and clear title. If I'm personally going bankrupt and I have my boat for sale with a free and clear title, then my financial status is irrelevent to the deal. You can't tell me your dumb enough to pay for a boat without having done your homework on the status of the title right????

Why would you be so inclined to believe what someone may have heard vs. checking out the situation first hand?? Again I'm not even talking about this thread in particular. Buy with your game in place and the persons or persons business financial status is irrelevent. If you disagree I have some great deals on automobiles with the paperwork to follow at a later date. Let me know if your interested. " I've heard" and "others have heard" that they are great buys!!!!!!

Easiest way to make more money is to quit worrying about what your peers are making and concentrate on improving your own business.

I would agree that everyone should do thier homework, especially when dealing with a used car/boat salemen. But I have personally never been "dumb enough" to believe everything they say. If you are, good for you. All rumors have a source. Consider the source.

GORT, sorry for the sarcasm, I would never call anyone dumb that I've never met. I was just trying to make my point and should have chose my words better. Again, sorry if I offended you.

Thanks Chuck I've been called worse! I do agree with most of what you said here.... asking the person being accused can not hurt, but I would decide for myself the legitimacy of thier response. Again I believe all rumors have a source. I look at the source for reliability. It may not even be neccesary to ask the accused, some sources are just not reliable.

Easiest way to make more money is to quit worrying about what your peers are making and concentrate on improving your own business.



AGREE 100%...