dgltrader
Member
- Joined
- Jan 27, 2009
- Messages
- 25
- Status
- OWNER - I own a Hatteras Yacht
- Hatteras Model
- 43' DOUBLE CABIN (1970 - 1984)
Hi there,
Just saw this on msnbc.com and thought it might impact HOF's and those looking to own a classic Hatt (I am still looking)...don't they make the portlights and gaskets for classic Hatts?
A couple of items jumped out...(Bold mine)
"...The move comes just two months after the company said it had overhauled its operations, declaring itself to be “rebooted” with a new website and a “whole new line of products specifically designed for today’s consumers.”
...."the company aims to maximize its revenue streams from its most popular products, while eliminating the production of other, less profitable items."
...."Fuller Brush’s assets and debts each amount to between $10 million and $50 million."
"Private equity firm Buckingham Capital Partners bought the company from CPAC in 1997. CPAC, which manages companies in the cleaning, personal care and imaging industries, is also filing for bankruptcy protection, according to The Associated Press.
Just in case I did not "link" properly (or was blocked).
Yep, the link blocked being a newbie and lurker I do not have the privilege yet.
So try to let you cut and paste it...
Well that doesn't work either so...
either Google or add the prefix to address (http etc.)
the address-bottomline.msnbc.msn.com/_news/2012/02/23/10486264-fuller-brush-files-for-bankruptcy-weeks-after-reboot
I suspect that "our parts" might well be shed in this process... I wonder (hope?) that someone (SAMs ?) might try to grab the inventory, and perhaps the molds/tools/etc. important to "our" boats. Perhaps a HOF member could take it on, or under the wing of an existing business?
If they decide to "fire sale price it" it might be more profitably, even with "a small market" for a new owner to continue to sell the products...at the least they would have the last inventory.
First I heard of this...happened Tuesday in U.S. Bankruptcy Court for the Southern District of New York.. and I immediately thought of the classic Hatts.
dgltrader
Just saw this on msnbc.com and thought it might impact HOF's and those looking to own a classic Hatt (I am still looking)...don't they make the portlights and gaskets for classic Hatts?
A couple of items jumped out...(Bold mine)
"...The move comes just two months after the company said it had overhauled its operations, declaring itself to be “rebooted” with a new website and a “whole new line of products specifically designed for today’s consumers.”
...."the company aims to maximize its revenue streams from its most popular products, while eliminating the production of other, less profitable items."
...."Fuller Brush’s assets and debts each amount to between $10 million and $50 million."
"Private equity firm Buckingham Capital Partners bought the company from CPAC in 1997. CPAC, which manages companies in the cleaning, personal care and imaging industries, is also filing for bankruptcy protection, according to The Associated Press.
Just in case I did not "link" properly (or was blocked).
Yep, the link blocked being a newbie and lurker I do not have the privilege yet.
So try to let you cut and paste it...
Well that doesn't work either so...
either Google or add the prefix to address (http etc.)
the address-bottomline.msnbc.msn.com/_news/2012/02/23/10486264-fuller-brush-files-for-bankruptcy-weeks-after-reboot
I suspect that "our parts" might well be shed in this process... I wonder (hope?) that someone (SAMs ?) might try to grab the inventory, and perhaps the molds/tools/etc. important to "our" boats. Perhaps a HOF member could take it on, or under the wing of an existing business?
If they decide to "fire sale price it" it might be more profitably, even with "a small market" for a new owner to continue to sell the products...at the least they would have the last inventory.
First I heard of this...happened Tuesday in U.S. Bankruptcy Court for the Southern District of New York.. and I immediately thought of the classic Hatts.
dgltrader