|
Home | Forums | Gallery | Webcams | Blogs | YouTube Channel | Classifieds | Calendar | Register | FAQ | Donate | Members List | Today's Posts | Search |
|
Thread Tools | Display Modes |
06-09-2009, 05:21 AM | #1 |
Senior Member
Join Date: Jan 2005
Location: Florida (Sebring & Keys), Wolfeboro
Posts: 5,788
Thanks: 2,085
Thanked 742 Times in 532 Posts
|
Genmar Files for Bankruptcy...
This bankruptcy doesn't affect me, but owners of these yachts and boats below should be advised:
Carver, Marquis, Windsor Craft, Four Winns, Glastron, Larson, Hydra Sports, Sea-Swirl, Wellcraft, Champion, Ranger, Stratos, Triumph, and FinCraft brands. Laid off: One thousand employees.
__________________
Every MP who enters Winter Harbor will pass by my porch of 67 years... |
06-09-2009, 02:54 PM | #2 |
Senior Member
Join Date: Apr 2004
Location: Pitman , NJ
Posts: 627
Thanks: 40
Thanked 21 Times in 12 Posts
|
The economy has taken its toll , for sure. Worst part is , it probably not over yet. As a Formula owner , I know they have laid off quite a few too
Hope the good ones survive
__________________
Paddle faster , I think I here banjos |
06-09-2009, 09:29 PM | #3 |
Senior Member
Join Date: Apr 2004
Posts: 268
Thanks: 0
Thanked 14 Times in 8 Posts
|
I wonder if Genmar will shed some of it's less profitable brands like GM. Maybe after the restructure it will emerge as a leaner, meaner Govmar
__________________
Education is hanging around 'til you've caught on - Frost |
06-10-2009, 08:58 AM | #4 |
Senior Member
Join Date: May 2006
Posts: 283
Thanks: 1
Thanked 66 Times in 38 Posts
|
What a lousy article written by someone who has NO clue about boating.
"Draw a bath on my Carver Yacht". Give me a break. I read a better article that said they are restructuring and it's "business as usual" at Genmar" Winnisquam marine is very optimistic about the situation. All warranty work is being paid. |
06-10-2009, 09:41 AM | #5 |
Senior Member
Join Date: May 2006
Location: Long Island, not that one, the one on Winnipesaukee
Posts: 2,834
Thanks: 1,018
Thanked 882 Times in 516 Posts
|
The key here is to understand what type of backruptcy they filed for. Chapter 11 is a restructuring bankruptcy. It indicates that the company has taken a bad term, the need to restructer themselves and have some pertection for creditors while they do that.
Warranty work should continue to be piad, and honored..... as indicated in a earlier post, from a comment made by Winnisquam Marine. Many companies file Chapter 11, it doesn't mean they are ready to go belly up..... A notable company still around after Chapter 11........ Sears.......
__________________
Life is about how much time you can spend relaxing... I do it on an island that isn't really an island..... |
Sponsored Links |
|
06-16-2009, 10:47 PM | #6 | |
Member
Join Date: Jun 2009
Location: Lakes Region
Posts: 27
Thanks: 4
Thanked 3 Times in 2 Posts
|
Chapter 7 v. 11
Quote:
|
|
07-10-2009, 05:52 PM | #7 |
Senior Member
|
"We are giving them away"
Newly changed sign message on the Lakeport Landing marquee along Union Ave in Laconia.. Lakeport Landing is a Formula Dealer. Do not know if Genmar makes Formula boats but it seems like an unusual sign. Got to get right down there, first thing tomorrow morning. Hopefully, Formula makes an all aluminum go-fast with some quiet exhaust like a stealthy super bass boat for sneak'n up on a small mouth! "We are giving them away" ......shazzamm!
__________________
... down and out, liv'n that Walmart side of the lake! |
07-10-2009, 08:47 PM | #8 | |
Senior Member
Join Date: Nov 2002
Location: The Lakes, Central NH. and Dallas/Fort Worth TX.
Posts: 3,694
Blog Entries: 3
Thanks: 3,069
Thanked 472 Times in 236 Posts
|
Hey, Just Tell Them....
Quote:
fatlazyless sent you. They'll give you the whole place!
__________________
trfour Always Remember, The Best Safety Device In The Boat, or on a PWC Snowmobile etc., Is YOU! Safe sledding tips and much more; http://www.snowmobile.org/snowmobiling-safety.html |
|
Bookmarks |
|
|