You can check the financials below at your leisure...at least until the company was delisted. Perhaps everyone will find a "snapshot" of late 2008 useful and draw your own conclusions. If not I apologize ;). Assume 2009 was more of the same..

SEC filings reveal a company with shrinking sales and heavy SG&A costs of about 11% that absorbed most of the available gross profit margin (even in good years :) ) of about 12-16%. Net profit margin in 2008 was -3%, 2007 -7% and 2006 at 3%.
http://www.sec.gov/Archives/edgar/da...6/fount10q.htm

Selling expense – Selling related expenses were $2,027,578 for the six months ended December 31, 2008, as compared to $2,895,272 for the six months ended December 31, 2007, a reduction of $867,694 or 30%. The decrease was primarily attributable to marketing and sales staff reductions and the reduction of expenses related to the Company’s support of off-shore racing and fishing programs, advertising and promotion expenses and sales force expenses.

Cash consumption accelerated as inventory built.....

The use of cash attributable to Operating activities in the current period, $2,342,338, is primarily attributable to:
Net loss of $3,096,816, generated by the ongoing operations of the Company. Net loss reflects non-cash depreciation expense of $1,323,618 during the period.

Inventories increased $534,995. This use of cash is due, in part, to building a stock of boats at the Company’s retail subsidiary, Fountain Dealers’ Factory Super Store.

Gross profit – Gross profit for the six months ended December 31, 2008 was $1,187,226, 5.1% of net sales, as compared to $4,920,857, 14.8% of net sales, for the six months ended December 31, 2007. The decrease in gross profit is primarily attributable to reduced fixed cost absorption because of lower volume of sales.

General and administrative expenses – General and administrative expenses were $1,670,796 for the six months ended December 31, 2008, as compared to $1,834,192 for the six months ended December 31, 2007. The decrease was primarily attributable to salary and staff reductions.

http://www.hoovers.com/company/Fount...-1-1njea5.html

Fountain Powerboat Industries, Inc. Income Statement
All amounts in millions of US Dollars except per share amounts.
Jun 08 Jun 07 Jun 06
Revenue 68.2 68.8 79.2
Cost of Go 58.8 59.7 66.2
Gross Profit 9.4 9.1 13.1
Gross Margin13.8% 13.2% 16.5%
SG&A Expense 10.5 11.9 10.8
Depreciation 2.4 2.3 2.1
Operating Income (1.1) (2.7) 2.3
Operating Margin -1.6% -4% 2.9%
Nonoperating Income (0.1) (0.0) (0.0)
Nonoperating Expenses -- -- --
Income Before Taxes (2.2) (3.8) 1.1
Income Taxes -- 1.3 (1.3)
Net Income After Taxes (2.2) (5.0) 2.4
Continuing Operations (2.2) (5.0) 2.4
Discontinued Operations -- -- --
Total Operations (2.2) (5.0) 2.4
Total Net Income (2.2) (5.0) 2.4
Net Profit Margin -3.2% -7.3% 3%

salaries http://www.hoovers.com/company/Fount...-1-1njea1.html

of course he is
his personal fortune I'm sure has been well protected from the business losses if not smokescreened where there actually was personal financial liability
while yours as an employee, or buyer of one of too many, a boat of sliding inconsistant quality, or an investor...well we know it didn't turn out so well for you
integritous
Skewed bought-out racing isn't the only reason he's so many's hero. :rolleyes:
respect bottom design/speed accomplishments? sure, I'll give you that.
but to those who put more worship than simply just that in this guy, well...gotta wonder a bit about your own character.

WOW. what a DOUCHE. Who the he!! are you to make a statement like that. Like you know everything about him and his family.

Old saying, "Please engage mind before putting mouth in gear"

You can make your own stats when your running the show just ask Madoff:evilb:If thats how you spell his name:op:

That isn't funny, you should be ashamed of yourself for making that statement and apologize on here to Reggie Fountain and his family. I still can't believe that you would say something like that about someone and his family.

I have no respects for you, Hacker.

Good point. Forgot to add the "investors" to my #64 post. Here is my contribution to the "quote of the year".

"Figures don't lie----only liar's figure"

Agreed. His f*cking family is here. How about showing a little respect or at least expressing your opinion in a civilized manner. While Fountain Powerboats lost a lot of their mystique no one can deny that back in the early days they were THE boat to have. Maybe Reggie stuck it out too long when he should have pulled a Don Aronow sooner but I still respect Mr. Fountain. And I will never forget my first ride in an off-shore boat which was in the early 80s (I think) in an original Fountain Executioner.

He is either 69 or 70, not 72.....and swallowing his pride isn't what the guy is/was about and that is the drive that built Fountain Powerboats to what it was. He probably looks at the 20K a month as an "allowance" and would rather not take it just to prove his critics (guys like Hacker) wrong again!

Go Reggie, stick to your guns and get back on top!

Wow...the guy didn't die! He is moving on. I am all about seeing new products. He does have an ego..."If I build boats again comparing my new boats to my old boats will be like comparing bi-plane to a jet fighter". He must be going to build cats...