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-   -   Equity just bought out Bankrupt Genmar (https://www.boatbanter.com/general/113685-equity-just-bought-out-bankrupt-genmar.html)

Tim February 3rd 10 11:08 PM

Equity just bought out Bankrupt Genmar
 
Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."

Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.

The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."

Harry[_2_] February 3rd 10 11:25 PM

Equity just bought out Bankrupt Genmar
 
On 2/3/10 6:08 PM, Tim wrote:
Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."

Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.

The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."


Maybe. Platinum Equity specializes in LBO's. More likely, the new owners
will sell off the assets of a number of brand names it bought, and
borrow to the degree possible off the rest of the brand
names/factories/tangible assets, and saddle them with more debt than
they have now. Think..."junk bonds."

nom=de=plume February 3rd 10 11:28 PM

Equity just bought out Bankrupt Genmar
 
"Tim" wrote in message
...
Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."

Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.

The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."



We should take good news when we find it.

--
Nom=de=Plume



Jim February 4th 10 12:01 AM

Equity just bought out Bankrupt Genmar
 
Tim wrote:
Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."

Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.

The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."


I see Harry and a non-boater are trashing your boating thread, Tim.
Let me apologize for them, and add some content.
If 'Bama had bailed out Genmar, their assets wouldn't have ended up with
the Wall Street ponzi guys.
Why didn't he bail out Genmar?
1. Genmar workers are non-union, so losing their jobs isn't a tragedy.
2. Geithner and Bernacke wanted Wall Street to get the pieces cheap.

'Bama - pro-union and pro Wall Street. Ying and Yang, Sweet and Sour.
We've come to a hell of place since Ike.
Thanks for the opportunity to talk about boats.



Canuck57[_9_] February 4th 10 03:01 AM

Equity just bought out Bankrupt Genmar
 
On 03/02/2010 5:01 PM, Jim wrote:
Tim wrote:
Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."

Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.

The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."


I see Harry and a non-boater are trashing your boating thread, Tim.
Let me apologize for them, and add some content.
If 'Bama had bailed out Genmar, their assets wouldn't have ended up with
the Wall Street ponzi guys.
Why didn't he bail out Genmar?
1. Genmar workers are non-union, so losing their jobs isn't a tragedy.
2. Geithner and Bernacke wanted Wall Street to get the pieces cheap.

'Bama - pro-union and pro Wall Street. Ying and Yang, Sweet and Sour.
We've come to a hell of place since Ike.
Thanks for the opportunity to talk about boats.


Too bad Obama does nto care about main street middle class America.

nom=de=plume February 4th 10 03:51 AM

Equity just bought out Bankrupt Genmar
 
"Canuck57" wrote in message
...
On 03/02/2010 5:01 PM, Jim wrote:
Tim wrote:
Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."

Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.

The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."


I see Harry and a non-boater are trashing your boating thread, Tim.
Let me apologize for them, and add some content.
If 'Bama had bailed out Genmar, their assets wouldn't have ended up with
the Wall Street ponzi guys.
Why didn't he bail out Genmar?
1. Genmar workers are non-union, so losing their jobs isn't a tragedy.
2. Geithner and Bernacke wanted Wall Street to get the pieces cheap.

'Bama - pro-union and pro Wall Street. Ying and Yang, Sweet and Sour.
We've come to a hell of place since Ike.
Thanks for the opportunity to talk about boats.


Too bad Obama does nto care about main street middle class America.



Too bad you're ignorant.

--
Nom=de=Plume



Tim February 4th 10 04:00 AM

Equity just bought out Bankrupt Genmar
 
On Feb 3, 5:28*pm, "nom=de=plume" wrote:
"Tim" wrote in message

...



Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."


Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.


The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."


We should take good news when we find it.

--
Nom=de=Plume


I'm optimistic about it.

Canuck57[_9_] February 4th 10 04:22 AM

Equity just bought out Bankrupt Genmar
 
On 03/02/2010 8:51 PM, nom=de=plume wrote:
wrote in message
...
On 03/02/2010 5:01 PM, Jim wrote:
Tim wrote:
Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."

Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.

The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."

I see Harry and a non-boater are trashing your boating thread, Tim.
Let me apologize for them, and add some content.
If 'Bama had bailed out Genmar, their assets wouldn't have ended up with
the Wall Street ponzi guys.
Why didn't he bail out Genmar?
1. Genmar workers are non-union, so losing their jobs isn't a tragedy.
2. Geithner and Bernacke wanted Wall Street to get the pieces cheap.

'Bama - pro-union and pro Wall Street. Ying and Yang, Sweet and Sour.
We've come to a hell of place since Ike.
Thanks for the opportunity to talk about boats.


Too bad Obama does nto care about main street middle class America.



Too bad you're ignorant.


Too bad you are anti-American. I used to admire the US as a great
nation where hard work, integrity, honor and liberty meant something.
Today the crooks and debtors run the country into the ground and liberal
people follow the Pied Piper. When in fact, just selfish leachs looking
for a free lunch, willing to sell their liberty for a talk a lot promise.

nom=de=plume February 4th 10 05:39 AM

Equity just bought out Bankrupt Genmar
 
"Tim" wrote in message
...
On Feb 3, 5:28 pm, "nom=de=plume" wrote:
"Tim" wrote in message

...



Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."


Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.


The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."


We should take good news when we find it.

--
Nom=de=Plume


I'm optimistic about it.



I'm also. We've a history of turning things around, even when things look
bleak, more so than now.
--
Nom=de=Plume



nom=de=plume February 4th 10 05:40 AM

Equity just bought out Bankrupt Genmar
 
"Canuck57" wrote in message
...
On 03/02/2010 8:51 PM, nom=de=plume wrote:
wrote in message
...
On 03/02/2010 5:01 PM, Jim wrote:
Tim wrote:
Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."

Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.

The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."

I see Harry and a non-boater are trashing your boating thread, Tim.
Let me apologize for them, and add some content.
If 'Bama had bailed out Genmar, their assets wouldn't have ended up
with
the Wall Street ponzi guys.
Why didn't he bail out Genmar?
1. Genmar workers are non-union, so losing their jobs isn't a tragedy.
2. Geithner and Bernacke wanted Wall Street to get the pieces cheap.

'Bama - pro-union and pro Wall Street. Ying and Yang, Sweet and Sour.
We've come to a hell of place since Ike.
Thanks for the opportunity to talk about boats.

Too bad Obama does nto care about main street middle class America.



Too bad you're ignorant.


Too bad you are anti-American. I used to admire the US as a great nation
where hard work, integrity, honor and liberty meant something. Today the
crooks and debtors run the country into the ground and liberal people
follow the Pied Piper. When in fact, just selfish leachs looking for a
free lunch, willing to sell their liberty for a talk a lot promise.



Sure. I'm anti-American because I live here, pay my taxes, and want us to
succeed, including helping those less fortunately... while you're unable to
even enter the US. Sure.

--
Nom=de=Plume




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