Fountain Update

[Bullhead]

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.

I was at the Fountain factory last night and they had several boats being built that were presold and alot of service work....they were definitely working with a skeleton crew...they had some other "interesting" stuff going on....Reggie is not sitting still waiting for the sportboat market to come back

 

[baywatch]

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

+1

We aren't out of the woods by any means. Inflation is on deck and as soon as interest rates rise as a result we are going to see an asset/commodity crash that will make the staggered housing bubble look like a walk in the park.

I hate to be a glass is half empty guy but we have major problems on the horizon that NBC/Obama Media isn't going to tell you about. When the boys running fanny and freddie opt not to take any of their bonuses in company stock you might want to take notice.

 

[Lofty]

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

Ya, Obamanomics has got their foot matted on the gas pedal and hell bent for leather to take us to the bottom. Freight movement is but one indicator and a good one. Check out how many miles of engine the UP has parked on sidings in Fontana, it aint pretty.

Cement manufacturing, the second largest consumed material by man, is off by over 90% from 2007. Cement kilns that make Portland cement are closing all over the nation. Wake up folks, these are HUGE plants and they won't/can't just start up over night. When CEMEX/Lehigh/Ashgrove/CPC/Holcim and the like make the corporate decision to shut down $500mil++ plants they don't do it for the short term, they're looking 10 years down the road if not longer.

Needless to say, I have resigned to stop trying to sell my Donzi since their are NO buyers and instead turn it into a flower pot. And a cool one at that!

 

[TCEd]

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

Never have read Powerboat and stayed away from WSJ and did lose my butt in the market Sept. 08 and have recovered significantly since. Yes, I do think the retail boat market will be better this spring compared to spring 09.
ed

 

[AIR TIME]

not by much, its still very slow out there. my wifes company is STAPLES Headquarters and they are bringing back raises and bonuses this year after non for two years and lots of lay offs. there stock is doing better to. but others are still laying off. its going to be tough.

 

[Lofty]

...Yes, I do think the retail boat market will be better this spring compared to spring 09.
ed

God loves you

 

[Our Compromise]

:iagree: this market is far from recovering and if the yucks leading our great country continue to push towards Socialism boating will become a past tense expression.

 

[detail toyz]

Upkick??? LOL:cheers2:

 

[Ratickle]

Upkick??? LOL:cheers2:

There is a small uptick. It just won't last long in my opinion. But, with all the billions being handed out, (of funny money that doesn't really exist), there has to be some kind of short-term boost.

I mean, $4500 free money on cars, $8,000 off of houses for first-timers, $6500 off on houses now for existing homeowners, $8,000 off of all Pontiacs and Saturns, etc. etc.

Has to boost something? Doesn't it????

The commercial real-estate crash is still playing out, then the bank credit crash may still happen.

Opinions?

 

[phragle]

Has to boost something? Doesn't it????



Opinions?

The more you stimulate it, the sooner the erection is over.

 

[Ratickle]

The more you stimulate it, the sooner the erection is over.

:sifone::sifone:

 

[Slandrew]

Doom&Gloom is not good give back tax credit on new car purchase it's a start??Banks have to start lending again also!!My opinion we'll have to get people to spend wild again

 

[Steve 1]

Never have read Powerboat and stayed away from WSJ and did lose my butt in the market Sept. 08 and have recovered significantly since. Yes, I do think the retail boat market will be better this spring compared to spring 09.
ed

Yeah right!! The sky is going to open up a Beam will come down and these Marxist nincompoops in DC are going be filled with Basic Thinking Skills, Business Experience and Patriotism!! Forget it, invest in Repo Companies, Pawn shops and Board up services also people like to drink when things are bad Bars will make money.

 

[Heavyhauler]

Yeah right!! The sky is going to open up a Beam will come down and these Marxist nincompoops in DC are going be filled with Basic Thinking Skills, Business Experience and Patriotism!! Forget it, invest in Repo Companies, Pawn shops and Board up services also people like to drink when things are bad Bars will make money.

I have to agree with your analogy on this, and I'm getting off the topic of the thread but, I think about February when the people who traded in their clunker that was paid for, for the new car they can't pay for, default on their new loan, the repo business will flourish, and we (the ones who pay taxes) will get to pay for all those defaults like we propped up the banks, and the auto industry and AIG, etc. Does anyone find it ironic that a lot of the banking industry who was in so much trouble and took the billions we lent them, was able to recoup all their losses and make such huge profits that many were able to repay those loans just in time to kick the taxpayers aside and become private companies once again so they could pay themselves huge end of year bonuses. I think that's great, but those that were able to do that should be excluded from getting any more taxpayer bailouts, because, if they did make that kind of money that fast, it wasn't because they made it available to the consumers.

 

[Steve 1]

I have to agree with your analogy on this, and I'm getting off the topic of the thread but, I think about February when the people who traded in their clunker that was paid for, for the new car they can't pay for, default on their new loan, the repo business will flourish, and we (the ones who pay taxes) will get to pay for all those defaults like we propped up the banks, and the auto industry and AIG, etc. Does anyone find it ironic that a lot of the banking industry who was in so much trouble and took the billions we lent them, was able to recoup all their losses and make such huge profits that many were able to repay those loans just in time to kick the taxpayers aside and become private companies once again so they could pay themselves huge end of year bonuses. I think that's great, but those that were able to do that should be excluded from getting any more taxpayer bailouts, because, if they did make that kind of money that fast, it wasn't because they made it available to the consumers.

Scary isn't it and we have more coming, the system works well clearing deadwood when left alone but with the printing Presses running full speed and Government meddling there can only be disaster. The Second problem is energy we have a Huge amount of energy in various forms more than anyone but the Enviro Whacks are rooted in the government I site Pelosi as an example, The Health of our country depends on OIL and they are strangling that off.

The third Problem is we have 3% of the earths population and 66% of the lawyers LOL IN need serious Tort Reform here. And Good ole #4 Corporate Taxes we have the highest in the world which chases corporations offshore due to the unfriendly business climate in this place along with number three here.

 

[PatriYacht]

The more you stimulate it, the sooner the erection is over.

Outstanding economic analysis. :iagree: