PremierPOWER

Revenue has grown 3 times over in 3 months? I highly doubt that. I cant imagine Cigarette only builds 20 boats per year? And if they do, and they plan to build 80 next year, I sure hope they plan to keep the same quality.

Interceptor

but he still has time to get aboard his own 42-foot Auroris. “There’s nothing better than going 100 mph on a boat, with the wind in your face,” said Alex. “It’s a really thrilling experience.” !00 mph in an Auroris ?

Jupiter Sunsation

Maybe the guy talked his friends into ordering new boats from Cigarette now that he owns it?

Do you know what multi level marketing companies love hiring kids? Because their friends/family usually are the kid's first orders! They want to support the kid so they buy the product. Granted these aren't Cutco knives but in billionaire circles a 500-600-700K boat isn't a budget breaker.

Building the boats won't be the struggle(unless Mercury can't deliver the powerplants), selling an extra 60 boats a year will be.......knock out a few demo/theme boats, then sell to your friends, get a few current owners to upgrade...........ok that blew out 25 boats now how do you sell 55 more through a handful of dealers......maybe be like Harley and force dealers to stock up on inventory?

Jupiter Sunsation

Sure if it is powered by 1550s like the one 42 Huntress that was powered by 1100s.

Drake22.250

iTrader: (2)

The way I read the article he was doing a 100 in his dads old top gun, but I am just a dumb meat guy....Redoing my 15 GTS and found plenty stuff not correct from factory it made me happy I pulled apart for winter fun.

jtr2kwl

The whole situation sounds fishy to me. Though I was initially optimistic about the new ownership, I can't help but feel like Cigarette is dead. Doesn't seem like the new owners are interested in focusing on the brand's heritage and sweet spot. And the comment about revenue tripling in 3 months doesn't really make sense to me...

Seems the focus is entering new categories where Cigarette doesn't exist:
1) Cigarette Yachts. And I believe Cigarette previously had a partnership with a european yacht builder that built a line of "cigarette yachts." Didn't go over well.
2) Cigarette Jet Ski's. lots of questions here...
3) Cigarette Golf Carts. even more questions here....
4) A Cigarette apartment building, like the aston martin building...

I imagine they're just going to license out the cigarette name, but sounds like its going to get over saturated. I love Cig, but I really don't think the brand is strong enough

IGetWet

The yachts should be called.... CIGARS.

thisistank

Skepticism is easily thrown out there when there is change and that change brings on such grandiose optimism and deviation in standard vision from new ownership. However, I'd remind you of all the negativity and comments posted on here and other places when Skip bought Cigarette. Nothing but negativity and look what he did. Grew Cigarette more than anyone since Aronow.

I'll sit back and monitor Cigs progress with raised eyebrow and guarded optimism of positive growth.

tlark

Bold statements from what I read, I don't see how a manufacture can not think about the potential problems taking place economically. I get the demographics of your typical buyers of new cigs, many can afford a cool million+ for a new order boat, but there are plenty that cannot and I assume their projections are inclusive of international sales. Its a fools errand to not consider the state of this economy going forward . When this company was purchased in May it was a different time given what we are now seeing and/or have seen in the last 5 months with the US economy a ship without a captain and no signs of intelligent life to be found.

jtr2kwl

When I first heard of the acquisition I was honestly quite excited by the prospect of new ownership, and what the injection of enthusiasm from a passionate owner would bring. But as I've heard heard more and more from direct sources, it sounds like an exercise in slapping Cigarette's name on everything they can get their hands on. I also find it somewhat worrisome that virtually all of the prior management chose to leave rather than stay on.

With all of that negativity out of the way, I really am cautiously optimistic. Cigarette is a great brand, and the new ownership has what I think is an incredible opportunity at an excellent time.

The projections are pretty vague, even for a small volume boat builder. Has revenue actually tripled? or have orders tripled? and then how do you manage that in an up and down business. Did they have one order in may, and now booked 3 orders in august, and thus orders tripled in 3 months? Not saying that's the case, but its very vague