This quarters loss for Brunswick. This compares to only a $22 Million in losses for the same quarter last year. YTD sales of boats are down 28%.
Brunswick owns Albemarle, Attwood, Bayliner, Boston Whaler, CABO, Crestliner, Cypress Cay, Flipper, Harris, Hatteras, Kellog Marine, Land Sea, Lowe, Lund, Maxum, Mercury, Meridan, Quicksilver, Savage, Sea Ray, Sea Line, Suncruiser, Smartcraft, Triton, Trophy and Valiant among others.
I don't see all these brands going away, but a serious round of divestment by Brunswick is just about a given. Some bargains to be had perhaps?
Who wants to buy a boat company with me?
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Thread: $591 Million
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10-23-2008 08:11 PM #1
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$591 Million
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Re: $591 Million
It's pretty bad when "only" a $22mil loss in one quarter sounds good. I'll sell you a couple of used Hatts if you want to go into the used boat business.
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10-23-2008 09:46 PM #3
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Re: $591 Million
They have already shut down a few lines.
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10-24-2008 09:55 AM #4
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- Apr 2005
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Re: $591 Million
One of the guys I play golf with works for Hatteras. They are down to 32 hours along with all the layoffs.
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