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Genmar Files Chapter 11
On Jun 2, 12:46*pm, HK wrote:
Wizard of Woodstock wrote: On Mon, 01 Jun 2009 21:08:03 -0400, HK wrote: He said the bankruptcy filing will allow Genmar to put together a business plan that will resolve the loan issue with Wells Fargo. “We believe that once Genmar exits Chapter 11 we will be a better and stronger company than ever before,” he said. Crap - I'm in the market for a Ranger bass boat. That does not bode well for Ranger - being an upscale type bass boat, I can't imagine them closing downt the line, but there have been rumors about that so they can concentrate on Stratos and Champion. Damn - not good news - Jacobs is a moron and it wouldn't surprize me if he shuttered Ranger. Either that or downgrade the quality. Now I gotto go looking at Nitros? *EEEWWWWWW......... *:) Crikey, Tom... the news item didn't say the corporation was shutting down. The problem in the boat business right now, other than softer demand, is the tightness of financing for buyers. As bad as it is in the car biz, it is worse in the boat biz.- Hide quoted text - - Show quoted text - WHOOOOOOOOOOOOOOOOOOOOOOOOOSH! |
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