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Reading etween the lines, it seems he is about to pull a classic D.A. manuvure. Will his new boats have beaks???
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Originally Posted by Jupiter Sunsation
(Post 3272016)
Demand isn't 5% of what it was 5 years ago for new performance boats. Reggie is a legend and has a barn full of trophies. He is easy to pick fun at until he looks you square in the eye and asks "how many trophies do you have?"
At his age, he should just retire, enjoy life and look back on a successful career! The guy is 69 years old and really has nothing to prove to anyone. I agree with you, now is a good time to sit back and enjoy retirement. But if boat building is what he wants to do, He has my support! BTW, Is he still involved in realstate? |
Originally Posted by X-Driver
(Post 3272100)
I think a big sign to Reggie's future will be if his son resigns from Fountian in the next couple of months. If he does, I would speculate that Reggie has something up his black nylon sleeve.
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I totally agree!
Originally Posted by Fast Shafts
(Post 3272240)
I feel sorry for all of the investors who took a hit. Anyone who has owned stock in a company to watch it squanderd away will understand. Even as the stock became a "penny stock" Fountain boats inc. were pissing away money on racing. Remember the old saying: How do you make a million dolars boat racing? Start with 2 million. Just like many other high profile boat companies, the owner pissed away the shareholders money. Yes Reggie was/is a successful builder, but at whose expense?-the shareholders. The sad part is that when Reggie starts a new company, there will be many who will purchase stock ignoring his business history.
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Originally Posted by Reggie Fountain
(Post 3272311)
AS FOR MY BROTHER WYATT ONLY HE CAN MAKE HIS DECISIONS! MYSELF(REGGIE III) I AM WITH MY DAD AND LOOK FORWARD TO THE FUTURE!
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Originally Posted by Reggie Fountain
(Post 3272311)
AS FOR MY BROTHER WYATT ONLY HE CAN MAKE HIS DECISIONS! MYSELF(REGGIE III) I AM WITH MY DAD AND LOOK FORWARD TO THE FUTURE!
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Best wishes on your new endeavor Reggie
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Originally Posted by Reggie Fountain
(Post 3272311)
AS FOR MY BROTHER WYATT ONLY HE CAN MAKE HIS DECISIONS! MYSELF(REGGIE III) I AM WITH MY DAD AND LOOK FORWARD TO THE FUTURE!
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Originally Posted by Cavanti53
(Post 3272314)
I agree with you and the others that are pointing out the fact that lot's of people lost their jobs over this not too mention all of the vendors / partners that backed him and trusted him. Blame it on the economy or whatever other excuse but Outerlimits (Mr. Fiore) was man enough to say he had to scale back to stay profitable and he showed true remorse for his employees doing it. There is no room in this economy for another boat mfg. and is anyone going to just hand Reggie money to start one up? As far as Reggie building a Cat line to compete against Nortech, Skater, or MTI...good luck! These companies not only survived the downturn but like another member pointed out they have a huge waiting list! Congrats to the smart businessmen who made it through and are growing. Like I said in another discussion, at least Liberty saved the company. Reggie should have swallowed his pride / ego and stayed part of what he built and signed the no-compete. It's time for him to retire and I hope he did save some money to retire on after this mess. I do give him credit for what he did for the sport. The backers ususally get very little out of a bankruptcy and now that will hurt their businesses.
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video..
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