Not 100% like that.

Think of the boats they might be putting out, new extra large CC's, the new 52, and other really high dollar boats. You can still sell 20 but move your profit margin.

+1, He must think were all idiots and if he put his 22 year old son as CEO then he must think everyone that works at Cigarette is an idiot too. At a time when every builder is having labor and supply issues somehow he is magically going to quadruple or 10 X his supplies and his skilled labor...... I don't think so man, he's no Reggie Fountain and it didn't work out well for him either. That's almost a worse idea then using a custom boat builder to build jetski's. He will be lucky if those ski's are built for only 3 times the cost of his competition and nobody is going to pay for that crap.

I am not saying he fails or not but he certainty know business and many here talk like the man has no clue how to run anything. He didn't come from money and certainly has made plenty doing something right.

I don't know the man at all but he has succeeded far more than many ever will in thr business world.

Many have succeeded at elaborate scams

Nate you may want to reread the last part of my post.

You are correct with that udeq. Bigger boats, cost increase, high price tags all can add to that figure of 4x maybe. I think we all know it isn't 4x the boats as it just doesn't seem feasible

..

I still call bull****. It is fuzzy math. 4 times revenue means just that, 4 times more than before. Yes, maybe there are some bigger, more expensive boats, but those take additional resources in time, material, and shop space. For instance, I am guessing that a $2M boat has to take at least twice the time and resources of a $750k boat. Unless they have added substantial shop space and employees, I dont see it.

Now, in their fuzzy math they may be counting future profits based on orders in the hopper, but we all know that revenue means just that, revenue. It is cash through the bank account, not money on the come based on future orders.

My bet is that they demolish a good name. Do a bit of Google'ing on how private equity firms have ruined great brands. Here is a start:
https://slate.com/business/2020/01/p...irway-why.html

Not fuzzy in my mind Jeff - simply unachievable.

I’m making this up obviously but…..

50 boats a year at 1M per - 50,000,000
4x Revenue claim - 200,000,000

How do we get there….

100 boats at 2M per - doubled price and production?? Quite an accomplishment on the mfg side and truly a product with an inelastic price/demand curve. Skip should have priced his boats better!!
125 boats at 1.6M per - incredible ramp up in production and an incredible sales staff to be able to pass along 60% price increase. Kudos to everyone!!
150 boats at 1.3M per - WOW, that factory was really underutilized in the past, and the staff must have had long smoke breaks. Glad it’s operating at capacity now!!

There is always an exit in sight for PE as we all know….. hope the quality remains…..

Yikes! I hope that doesn't happen!