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Fountain Update
- Thread starter Magicfloat
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Magicfloat
Charter Member
Yeah,that's easy for Reggie to pay based on the stakes involved.The other guys have already announced their guy to replace Reggie,a respected industry veteran with a background in big cruisers,not high performance. But a more important question is even if Reggie prevails,what it the future for Fountain/Baja? He has to do big volume,he can't survive as a low volume niche builder.Good luck,Reggie.
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T2x
Icon/Charter Member
Uptick?
Has something happened that I missed? Are banks doing boat loans again? Have unemployed people found jobs? Are the upcoming Health Reform tax increases going to stimulate spending?
How many boats can you sell to Wall Street executives, media darlings and Democratic Congressmen?
This avalanche hasn't hit second gear yet.
T2x
MarylandMark
Charter Member
DollaBill
New member
I'll agree with you Craig b/c I'm not agreeing with anything Rich says:sifone:
T2x
Icon/Charter Member
:iagree:
LaughingCat
New member
No
My wife just got layed off from her job in the secondary market, they haven't even sniffed loans for a long time and the forecast is NIL.
Yes...cleaning houses and cutting lawns for 1/2 the Mexican pay.
No
Plenty...they're having great bonuses again. Remember...gotta take care of your own.
But don't fret, we have a President with a great voice.
http://seriousoffshore.com/forums/showthread.php?t=13258
You guys better go to the thread above and tell Cigarette things are bad and getting worse and maybe they shouldn't ramp up.
ed
You guys better go to the thread above and tell Cigarette things are bad and getting worse and maybe they shouldn't ramp up.
ed
nthdegree
New member
This is taken from an email from a lender:
There are some models on restriction right now, like Fountains -- they will not finance the newer ones (2008 and up) but will offer financing on the older models. I think it's because there's no factory warranty any more, since there's no factory! So watch out for any boats that are no longer manufactured, they will be losing value and hard to finance.
There are some models on restriction right now, like Fountains -- they will not finance the newer ones (2008 and up) but will offer financing on the older models. I think it's because there's no factory warranty any more, since there's no factory! So watch out for any boats that are no longer manufactured, they will be losing value and hard to finance.
T2x
Icon/Charter Member
Maybe you should read the Wall Street Journal instead of Powerboat. I think he may be selling a few boats overseas due to the low American dollar and the traditional, Euro-trash Cigarette customers over there who clip trust fund coupons for a living.
Or maybe he is simply a salesman following rule #1
(Never let them see you sweat.)
If you seriously think that the retail, mass market boat business is coming back this spring....... God bless you. I hope you are correct.....but I wouldn't bet a penny on it. I get to watch the movement of goods around the US in trucking each day....and, believe me, nothing significant is happening....other than the largest LTL freight carrier (20,000 trucks) in the country is on death's door and a 1200 truck operation in Oklahoma closed up shop last weekend. Add a little more Obamanomics and we will all be in Europe washing Cigarette's for Braver's customer base.
T2x
