Reply
 
Thread Tools Search this Thread Display Modes
 
Old 10-25-2008, 07:05 PM   #1
Lt. Commander

 
Join Date: Jun 2007
Location: S.Wales
Posts: 218
Default Brunswick in trouble

http://www.boatingbusiness.com/archive1 ... 50_jobs_go
__________________

Argonaut is offline   Reply With Quote
Old 10-26-2008, 03:28 AM   #2
Admiral

 
seapuppy's Avatar
 
Join Date: Nov 2005
Location: Everett Wa
Posts: 4,681
Default

yep...and the navasau plant is the one they let us tour last may......this is really a sad day to see so many lives disrupted and so many plants closing...not good....not good at all..


SP
__________________

__________________
Don't compare your life to others. You have no idea what their journey is all about.
------------------------
SSN683 Association member
Par Excellence
------------------------------
2008 Bayliner 340 - "Wild Whim"
--------------------------------------
I live in my own little world....but it's okay-they know me here!!!

Avid practitioner of the martial art: KLIK-PAO.
Tap-Rack-Bang

Anyone that sez "Size doesn't matter" has never owned a boat!
seapuppy is offline   Reply With Quote
Old 10-26-2008, 02:54 PM   #3
Lt. Commander
 
Join Date: Jun 2006
Posts: 235
Send a message via MSN to Brit Rider
Default

They'll be fine - Brunswick isn't in bad shape they're just doing the sensible thing. Never good to see jobs go though... I guess its just economics.

This is interesting and where most boating news outlets get their news from:
http://www.ibinews.com/ibinews/newsd...26ibinews.html
__________________
Brit Rider
Brit Rider is offline   Reply With Quote
Old 10-26-2008, 05:03 PM   #4
Lt. Commander

 
Join Date: Jun 2007
Location: S.Wales
Posts: 218
Default

>Brunswick isn't in bad shape

Share owners might not agree :-) 84% share loss in value in 12 months, down to $3.29
Argonaut is offline   Reply With Quote
Old 10-28-2008, 12:10 AM   #5
Lt. Commander
 
Join Date: Jun 2006
Posts: 235
Send a message via MSN to Brit Rider
Default

I agree, they'll be pissed. But Brunswick aren't in trouble - They're just having a crap patch. They've had it good for a long time through their competitive advantages and sheer economies of scale. Seems like now the markets got more competitive (due to shrinking demand) - They are simply following correctly by downsizing and re-evaluating their position.

They aren't in trouble, they're just executing a smart plan to stay on top.

Malibu boats are doing it another way - they are about to bring budget wakeboard boats to market (under the brand 'Axis wake research') to meet the glut of demand for cheaper boats as people find them selves less able to purchase high spec wakeboard boats.
__________________
Brit Rider
Brit Rider is offline   Reply With Quote
Old 10-26-2009, 06:35 PM   #6
Lt. Commander

 
Join Date: Jun 2007
Location: S.Wales
Posts: 218
Default Re:

Quote:
Originally Posted by Brit Rider
I agree, they'll be pissed. But Brunswick aren't in trouble - They're just having a crap patch. .....

snip

OOOPs ... time to rethink that view.

Brunswick are more than a little in trouble by the sound of things ... and having announced discontinuation of the Maxum line, hope they don't fold altogether.
So no nice new Maxum for me next year - that is a pity.
have to find another brand, and I have been so happy with my 1800SR3. ... maybe SeaRay or Bryant need a look.

http://www.tradeonlytoday.com/home/4992 ... axum-boats
Argonaut is offline   Reply With Quote
Old 10-27-2009, 09:44 AM   #7
Lt. Commander
 
Join Date: Jun 2006
Posts: 235
Send a message via MSN to Brit Rider
Default Re: Brunswick in trouble

I still stand by it... They are following what they need to do in order to stay on top. Drastically reduced output and profits for sure, but they'll bounce back. They've been through many recessions before and have massive assets at their hands. I wouldn't think Maxum will be the last brand to go, but there's no way Brunswick will go anywhere near bump (They are better now than they were 11 months ago!) Their shares got all the way down to sub $2 at one point! Back up at around $11-12 now... Just imagine where those shares could hit once confidence is restored....

Remember, Brunswick isn't just Maxum, Bayliner and Searay...
It's Mercruiser, Mercury (This biggest selling power plant brands - which many boat companies will be locked into purchasing), Quicksilver parts (All those engines out there, especially those in warranty, need oil and impellers etc) and almost 40 boat brands. Additionally they have their billiands, bowling and fitness businesses.
__________________
Brit Rider
Brit Rider is offline   Reply With Quote
Old 10-27-2009, 11:41 AM   #8
Lt. Commander

 
Join Date: Jun 2007
Location: S.Wales
Posts: 218
Default Re: Brunswick in trouble

Quote:
Originally Posted by Brit Rider
I still stand by it... They are following what they need to do in order to stay on top. Drastically reduced output and profits for sure, but they'll bounce back. They've been through many recessions before and have massive assets at their hands. I wouldn't think Maxum will be the last brand to go, but there's no way Brunswick will go anywhere near bump (They are better now than they were 11 months ago!) Their shares got all the way down to sub $2 at one point! Back up at around $11-12 now... Just imagine where those shares could hit once confidence is restored....

Remember, Brunswick isn't just Maxum, Bayliner and Searay...
It's Mercruiser, Mercury (This biggest selling power plant brands - which many boat companies will be locked into purchasing), Quicksilver parts (All those engines out there, especially those in warranty, need oil and impellers etc) and almost 40 boat brands. Additionally they have their billiands, bowling and fitness businesses.

agree on that .... I went to web site and there are 35 different lines of boats manufactured.

Interesting that one Maxum plant in Miami just been sold to Tracker Marine Group - they own Tahoe, Mako, Saeacraft etc.
__________________

Argonaut is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
2000 2800 scr geoalpha Maxum Owners General Discussions 4 11-02-2008 01:39 PM
Marine tribute seapuppy The Dock Walk 0 02-04-2007 08:15 PM

Powered by vBadvanced CMPS v3.2.3

All times are GMT. The time now is 01:37 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2020, vBulletin Solutions, Inc.