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This is your second post about Brunswick in 8 days. As I asked in the first post, what is your purpose here? Are you a worried stock holder? A lot of businessses that are oil dependant are hurting. What's new? I really think you're just a sh1t stirrer myself since your a new user and your first posts here are about Brunswick's financial positions.
nothing wrong with this post, or his other one--it's not a knock on brunswick (or mercury), it's interesting news...not surprising, given the fuel costs, etc, but still interesting...brunswick is probably the major player in the marine world and when things are good or bad for them, it certainly is a reflection of the rest of the industry...if yamaha marine has lower earnings, I want to know it, if bombardier (or whoever owns e-tec, it's really not clear exactly who owns them anymore, but it's not bombardier per se) is struggling, I want to know that...it's not necessarily a comment on the quality of the engines or boats that a company makes, but it's interesting information that conceivably could be applied to buying decisions by the consumer...
Very interesting information on Mercury Marine's owners the Brunswick Corp. Also I find it a very relevant topic for this boating forum. Not only does it show a significant downtrun in the boating industry overall but shows how the shockwave of greatly higher fuel prices affect a fuel intensive hobby such as boating. Certainly this will have the ripple effect in areas where many boats are manufactured and ownership is high per capita such as Florida.
Already we have seen Brunswick quickly respond to the fuel price situation by changes improving the fuel economy of their entire Verado line of engines. Those that can quickly change and adapt will be the survivors.
This is a sign of a changing economy that will be more fuel cost conscious and could considerably alter our buying habits and recreational activities.
I MAY POST ANOTHER TOMORROW SO GET READY MOLE AND JUST FOR GRINS IF'N YOU DON'T LIKE READING ABOUT CURRENT NEWS THEN GO BURY YOUR HEAD IN THE SAND SOMEPLACE. I DID NOT GO TO YOUR HOUSE AND MAKE YOU READ MY POST, YOU DID IT ALL ON YOUR OWN. THE FACTS ARE THE FACTS AND I DID NOTHING TO CREATE THE CURRENT SITUATION, BRUNSWICK DID IT ALL TO THEMSELVES WITH THEIR AROGANT INCOMPETENT MANAGEMENT AND MASSIVE WASTE.
I understand that fuel costs have impacted the boat industry, and so have other economic factors. That being said, I think the biggest thing affecting boat sales today is increased prices. New boats and outboard motors are way overpriced and people are choosing to keep their current boats or buy used. I think the companies have been yanking consumers' chains for a few years now, and it has started to catch up to them. Everything goes in cycles though, and the market is dictated by supply and demand. Once sales have been slow for a while, you will see prices of new boats begin to drop. It is not just the boat companies as outboard companies are in the game as well. You can buy brand new complete automobiles for the price of some comparable horsepower outboards. I know the technology and materials are different, but come on.
I actually enjoyed the exchange on the other thread, and the current earnings release does add to the discussion. While it may have been better to simply add this post to the other thread, it is certainly a topic of interest to the average boater. This is the kind of news that is tailor made for The Hull TRUTH
I can see how those that are on the selling end of this industry would want to keep these kinds of posts off of the forum, since it gives buyers a better understanding of how soft the market is right now. As I said on the other thread, the boat manufacturers and the used boat sellers are really going to have to come back down to earth with their pricing. The days of annual 7% increases, and 12% discounts off of MSRP are long gone.
Actually, I think Brunswick is doing a decent job if they actually made a profit in a boat market like this. It was probably smart to buy Cabo, Hatteras and Albemarle, people with that kind of money aren't affected by gas prices. ( Of course once their management gets their arms around it, they'll probably screw 'em up)
I think the family runabouts, smaller fish boats ect will take a nose dive as normal people will definitely stay away from a purchase like that. The crazy fish guys, (like myself) will always find a way to get a boat so they can fish, but they'll be savvy and buy used or if they're well off, a high end boat. (yellowfin,seavee, whatever)
I know two guys, one bought a new cabo and the other a new 50' Hatteras, they could care less what happens to gas prices.
I MAY POST ANOTHER TOMORROW SO GET READY MOLE AND JUST FOR GRINS IF'N YOU DON'T LIKE READING ABOUT CURRENT NEWS THEN GO BURY YOUR HEAD IN THE SAND SOMEPLACE. I DID NOT GO TO YOUR HOUSE AND MAKE YOU READ MY POST, YOU DID IT ALL ON YOUR OWN. THE FACTS ARE THE FACTS AND I DID NOTHING TO CREATE THE CURRENT SITUATION, BRUNSWICK DID IT ALL TO THEMSELVES WITH THEIR AROGANT INCOMPETENT MANAGEMENT AND MASSIVE WASTE.
I recently heard Brunswick had to can a bunch of folks that were downloading a ton of porn through their network connections.........do you have any right hand knowledge of this rumor?
You are right up to a point on the premium brands. There will always be a segment of the market that has money to burn, but there are also guys on the fringe for whom the stretch to the price point where Cabo is will be doable in a moderate - good market, but not so in a soft market. It is more than just the gas prices. Total cost of ownership has increased, especially purchase prices.
If guys can't trade or sell their boats at a certain price point, it makes it hard to justify the additional money for a new boat when the price just keeps ratcheting up 5-7% every year, especially with Cabo's stingy discount structure.
I MAY POST ANOTHER TOMORROW SO GET READY MOLE AND JUST FOR GRINS IF'N YOU DON'T LIKE READING ABOUT CURRENT NEWS THEN GO BURY YOUR HEAD IN THE SAND SOMEPLACE. I DID NOT GO TO YOUR HOUSE AND MAKE YOU READ MY POST, YOU DID IT ALL ON YOUR OWN. THE FACTS ARE THE FACTS AND I DID NOTHING TO CREATE THE CURRENT SITUATION, BRUNSWICK DID IT ALL TO THEMSELVES WITH THEIR AROGANT INCOMPETENT MANAGEMENT AND MASSIVE WASTE.
I recently heard Brunswick had to can a bunch of folks that were downloading a ton of porn through their network connections.........do you have any right hand knowledge of this rumor?
I MAY POST ANOTHER TOMORROW SO GET READY MOLE AND JUST FOR GRINS IF'N YOU DON'T LIKE READING ABOUT CURRENT NEWS THEN GO BURY YOUR HEAD IN THE SAND SOMEPLACE. I DID NOT GO TO YOUR HOUSE AND MAKE YOU READ MY POST, YOU DID IT ALL ON YOUR OWN. THE FACTS ARE THE FACTS AND I DID NOTHING TO CREATE THE CURRENT SITUATION, BRUNSWICK DID IT ALL TO THEMSELVES WITH THEIR AROGANT INCOMPETENT MANAGEMENT AND MASSIVE WASTE.
Then put it where it belongs...in the Dockside Chat. And turn the caps off. Got it Deadwood?
I was told by a very reputable source, that they were struggling mightly with Cabo. In fact, they were entertaining the idea about selling Cabo. I was also told that their Hatteras sales is very weak. Actually, the same person told me that whoever doesn't sell Sea Ray for Brunswick, that sales person does not do very good (in general, of course).
Fat B@#@#@#@ is a merc hater..... i have seen his post before on other forums..... most people just ignore him.......
He's a Merc hater, Brunswick hater, Cuban hater, and on and on and on... He's just a sh1t stirrer and there's a bunch of newbies on here that are sticking up for him. They don't know the history.
If he wants to discuss economics then go to the Dockside chat. But he feels he'll get more exposure here for confrontation. It's up to the mods to do something about it...or at least redirect it to where it belongs. If up to me, the Bilge. lol
BC is not going away. They have the resources to be the last one stanting. I think the other engine manufacturers have learned that buying boat companies is not the answer. I am sure we will see fewer boat companies, brands, and sales below MSRP before the cycle turns. I think BC will consolidate production and kill a or two.
When the dust clears they should be around.
No one wants to own an "orphan" boat. Look to the financial stability of the manufacturer before you buy. The same goes for electronics.
You tell him Moley mole! Get him Austin that fat Basquard!!!
Its the freakin Housing Market, the weak dollar, increase in all raw materials, bla bla bla and fuel prices. By the Way Merc sales are propping up the company. Sea Ray actualy sold more boats in the first quarter07 than 06. Bayliner is down and most entry level builders are way off. Brunswick may have their weak spots but if you had any idea how messed up some of the builders are that we hold in high regard you wouldn't be spouting your big fat basquard mouth!
This goes back to what I wrote a few weeks ago. Boat Manufacturers know that boats are a luxury item, and they have priced their boats without regard for actual cost and a reasonable profit margin.
Instead 2 or 3 price increases a year amounting to 7-10% price increase per year, and charging exhorbitant amounts for extras that should already be on the boat to begin with and at the same time reducing the discounts.
The same applies for the sellers of any boating related items. OUTRAGEOUS.
This goes back to what I wrote a few weeks ago. Boat Manufacturers know that boats are a luxury item, and they have priced their boats without regard for actual cost and a reasonable profit margin.
Instead 2 or 3 price increases a year amounting to 7-10% price increase per year, and charging exhorbitant amounts for extras that should already be on the boat to begin with and at the same time reducing the discounts.
The same applies for the sellers of any boating related items. OUTRAGEOUS.
Why is it outrageous to charge what people are willing to pay?
Do you work for less than people are willing to pay you?