Like Tree0Likes

Eliminator Boats Restructuring

Reply
Old 09-10-2010, 07:07 AM
  #11
Registered
 
Join Date: Mar 2006
Location: LEO, IN
My Boats: 2002 DONZI 28ZX
Posts: 216
Default

Very sad indeed, I hate reading this. I met Bob this spring, TOTAL Class Act, just like his boats and facility. I wish Eliminator Boats and Bob the best during these difficult times.

tom
FISHIN SUCKS is offline  
Reply With Quote
Old 09-10-2010, 07:32 AM
  #12
Registered
 
Join Date: Jun 2005
Posts: 9,590
Default

Quote:
Originally Posted by capt2130 View Post
Hate to a great boat builder go waste side.
"I hate to see a great builder go by the wayside" would be a better response.
Jupiter Sunsation is offline  
Reply With Quote
Old 09-10-2010, 08:20 AM
  #13
Registered
VIP Member
 
Join Date: May 2009
Location: St Louis, MO / Table Rock
My Boats: 02 Advantage 30 Victory
Posts: 369
Default

Quote:
Originally Posted by Jupiter Sunsation View Post
"I hate to see a great builder go by the wayside" would be a better response.
sorry i never knew.
capt2130 is offline  
Reply With Quote
Old 09-10-2010, 08:24 AM
  #14
Registered
 
Join Date: Jun 2005
Posts: 9,590
Default

Quote:
Originally Posted by capt2130 View Post
sorry i never knew.
No sweat, some things just sound different than written.

My wife had a list of good ones:
Jupebox- Jukebox
Doverman-Doberman
Rockweiler- Rottweiler
Hit the nail on the pin- Hit the nail on the head

I am famous for asking......What did you just say? Then she knows that she is killing a word again!
She had a grandmother that slaughtered the English language and the "trait" got passed down. She still laughs about her "goofs" and has gotten much better over the years.
Jupiter Sunsation is offline  
Reply With Quote
Old 09-10-2010, 08:35 AM
  #15
Registered
VIP Member
 
Join Date: May 2009
Location: St Louis, MO / Table Rock
My Boats: 02 Advantage 30 Victory
Posts: 369
Default

Quote:
Originally Posted by Jupiter Sunsation View Post
No sweat, some things just sound different than written.

My wife had a list of good ones:
Jupebox- Jukebox
Doverman-Doberman
Rockweiler- Rottweiler
Hit the nail on the pin- Hit the nail on the head

I am famous for asking......What did you just say? Then she knows that she is killing a word again!
She had a grandmother that slaughtered the English language and the "trait" got passed down. She still laughs about her "goofs" and has gotten much better over the years.
My wife is great to correct me.
capt2130 is offline  
Reply With Quote
Old 09-10-2010, 10:24 AM
  #16
Registered
 
Join Date: Sep 2001
Location: Lakeway, TX (Austin/Lake Travis) / LOTO Gravois Arm
My Boats: 2002 Nordic 28 Heat / 2013 Bass Cat Puma FTD
Posts: 669
Default

Quote:
My wife had a list of good ones:
Jupebox- Jukebox
Doverman-Doberman
Rockweiler- Rottweiler
Hit the nail on the pin- Hit the nail on the head
A couple more I've encountered.....

For all INTENSIVE purposes = For all INTENTS and purposes
Making money hand over FOOT = making money hand over FIST
In2Deep is offline  
Reply With Quote
Old 09-10-2010, 10:57 AM
  #17
Correspondent
Correspondent
Thread Starter
 
Join Date: Jun 2007
Posts: 5,351
Default

Quote:
Originally Posted by boatme View Post
Matt

What shape is DCB in ?
As I understand it, DCB is in good shape for several reasons. There is still demand for the company's products. That likely has to do with a combination of high quality and limited supply. In a great year, DCB might build 30 boats.

But, and here's the important part, DCB doesn't have to build 30 boats to stay in business. The company can build less, probably a lot less, and remain healthy. As I understand it (once again because I don't work there and I'm not privy to the financials of a private company), Dave Hemmingson resisted the urge to expand facilities and his workforce in the "boom years." Very wise.

Of course, like every business, DCB has a threshold. There's a certain number of boats they have to build a year to stay in business. I don't know what that is, but I also don't think that, at this point in time, it's anything close to an issue for the company.
Matt Trulio is offline  
Reply With Quote
Old 09-10-2010, 11:32 AM
  #18
Registered
 
Anarchy Powerboats's Avatar
 
Join Date: Jun 2004
Location: Phoenix, Havasu, Newport
My Boats: www.anarchypowerboats.com
Posts: 3,060
Default

Another point of note is Bob had what I thought was a really good model for his new facility, for those that dont know what Im talking about Eliminator has built some top notch production facilities and also a service and storage addition to subsidize overhead (brilliant really). I believe this is a classic case of bad luck and timing. If Bob had pulled the trigger on this in 02 or 03 to catch the wave he would be swimming in it.
Anarchy Powerboats is offline  
Reply With Quote
Old 09-10-2010, 12:07 PM
  #19
T2x
Allergic to Nonsense
Platinum Member
 
T2x's Avatar
 
Join Date: Aug 2001
Location: Granite Quarry, NC
My Boats: 1966 !8' Switzer Wing "Miss Diablo" 1968 Switzer Wing "Dust'n the Wind 2",, 1960 Powercat 15C , 1977 17' Molinari w/Evinrude CCC
Posts: 5,004
Default

With all that said..........and without the emotional desire to cheer familiar boat businesses on regardless of the circumstances, does anyone see a concrete reason why the performance boat market will ever return?

If Bob Leach did, in fact, invest all of his personal assets in Eliminator to prop it up, a reasonable business man might ask why?
T2x is offline  
Reply With Quote
Old 09-10-2010, 12:37 PM
  #20
Gold Member
Gold Member
 
Join Date: Jul 2007
Posts: 2,913
Default

The performance boat business is a small one, relative to the size of the entire industry. The way Matt explained DCB is indicative of what probably lies ahead.

The key to success in any smaller industry segment is that you want to be high end, and have people Perceive your brand and product to be hi end. People that buy HP boats, for the most part, probably enjoy the fact that a small minority of boaters have one. It's a statement, a lifestyle, a "feeling" if you will.

There were obviously many, many more people buying expensive HP boats than could afford them. That cannot continue under these conditions, and I think it's likely to become a smaller market than it is. It's hard to be exclusive when there are so many boat builders out there.

Given that, the performance boat market will become a very lucrative one for those that show restraint, pride in work, and use sound business practices. I'd rather make a large margin on 30 custom boats than break even, or even lose money, producing 4000 boats. So for the performance brands out there now, prices increase as build numbers stabilize. The high entry price will keep the market exclusive, and builders will have no problem filling paid orders for a small production.

Boats have always been a discretionary, luxury item, until the financial world enabled practically anyone to buy everything. I qualified quite easily back in 2007 for a $350,000 Formula that I couldn't afford, and with no money down, and no need to go find those useless income papers. The boat I ended up buying was a bit more conservative, at less than 10% of that number including taxes

It's an expensive sport for those with the discretionary funds to participate.
VtSteve is offline  
Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 04:24 AM.


Copyright 2011 OffShoreOnly. All rights reserved.