It looks like you're new here. If you want to get involved, click one of these buttons!
Dream 'Inn III -- 2008 400 Express
2002 FV 342 on Lake St. Clair - Past Commodore SHC - Vessel Examiner USCGAUX
So when's the fire sale?
Boat Name: King Kong
"Boat + Water = Fun"
Many financial analysts (discussions for the past year on CNBC and @Jim Cramer, for example) have stated that Amazon and the like have seared price point into the sub-conscience of buyers. If that is correct, the Sea Ray news could be a big boost for Rinker. Sea Ray has dropped from 30,000 units sold per year to less than 3,000. Few companies - particularly with high production costs and sales points - can survive that. Look at what has happened to many companies considered too big to fail. As the former C.E.O. of Home Depot said innovate or evaporate....and price is Ace, King and Queen. I wouldn't be surprised to see Regal next - another imo - expensive boat.
BTW if Sea Ray was purchased in 1986 for 350 million selling 30,000 boats per year what do you think some one will offer for it now at 3000 boats per year.......35 million? Less than that? Heck of a loss imo!
I'm with you Glass- when these companies have no one to sell there stuff to because consumers have no money, maybe they will figure it out. Florida is a horrible to place to earn a living wage- we have so many 10.00 per hour jobs at theme parks and such- Disney is trying to squash a .50 per hour raise for employees now- I understand everyone can't make 25 bucks per hour. But, at the theme parks, there is little to no transit system for them to get to work, places to live for a shoe box are just stupid- no one wants to provide any assistance for health care or rental help so that businesses can enjoy the cheap labor. This tax plan is joke for the middle class and depending on the final bill, even worse for the poor. We have the largest economy in the world and it is just not fair that any business, whether it is a foreign business or a US business can make their fortunes in this country and pay little to no taxes. We have seen that trickle down economics just does not work. On the news this am, senate is looking at cutting Social Security and Medicaid to try to pay for this over 1 trillion dollar tax cut. Can't wait to see how that goes with the folks that put this administration and congress in place. This idea of no big deal of increasing the national debt to spur the economy sounds like the tax plan of the last administration- just a difference of who has to pay for it- The real tax rate paid for by businesses has been less than 20% in recent years. The argument that we have to lower business taxes so they can compete in the world market is just crap. They have been paying comparable or less taxes than in other modern countries. 60 years ago, businesses contributed 30% of profit and I understand any business wanting to improve the bottom line for their stock holders and their owners but when they pay less than the average middle class earner, something is wrong with the system. And it is now only going to get worse.
Getting off my soap box, sorry but I'm very concerned about my future.
Ok guys back on topic. Sea Ray boats in these pics.