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Heard RayMarine is Out of Business???

Old 07-03-2009, 03:52 PM
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Default Heard RayMarine is Out of Business???

Guy called me this morning. He went on to tell me how RayMarine misjudged the market, overpriced their products and could not compete with Garmin.

I have RayMarine stuff on my boat. Curious.

Was he talking smack?
Old 07-03-2009, 04:02 PM
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yes.....
Old 07-03-2009, 04:07 PM
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Thanks,

Just found the other link way down the list. Quite a surprise.
Old 07-03-2009, 05:50 PM
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Originally Posted by Glen E View Post
yes.....
to you Glen
Old 07-03-2009, 07:25 PM
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I do not have two sources on this, but a good one I trust says they have financing thru 2010....
Old 07-03-2009, 08:37 PM
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They are having issues like every business. Except maybe the Repo man. They are close to the end of their credit line. It to be expected when your products are add ons to boats whose sales have crashed. If we get cap and trade and a ban on bottom fishing. It will be a wonder if any of the suppliers without other product lines survive.

Also, I noticed there stock levels have been very low at the wholesalers. But it may be the wholesales only want to stock items that turn quick.

On the bright side, I sent them 2 E120s and an S3G last Monday they turned the E120s around and back to me in 9 days. Got my fingers crossed the S3G finds it way home.

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