Safe Harbor Buyout

[Eddieclemons]

https://www.superyachtnews.com/busi...n7K8UHGwuEKhrhXyvA_aem_Ta141nfh_kNcVUsqR_DDEA

 

[firbanks]

Reinforces the recent trend of dock rent price increases outpacing general inflation. Definite signal that this will only continue to accelerate as others consolidate smaller properties also (mainly along the Atlantic coast).

 

[Timeless72]

That value is about 40 million per marina. Maybe someone smarter can explain the logic but seems incredibly overpriced.

 

[SKYCHENEY]

That value is about 40 million per marina. Maybe someone smarter can explain the logic but seems incredibly overpriced.

Must be they're gonna turn them all into condos. Sell the residences and the condo slips.

 

[Captain Ralph]

That value is about 40 million per marina. Maybe someone smarter can explain the logic but seems incredibly overpriced.

Logic? Logic??
There is no logic in what we do.
There is no logic in what supports us in what we do.

We moan, groan and bend over dealing with the cost of everything but continue in our quest for AquaSpace.
There is no stinking logic in this.
Passion and insanity,, YES..

 

[SeaEric]

I have never understood the Safe Harbor business model. I really don't understand this move - At All.

 

[jim rosenthal]

Their model appears to be a variation on "pump and dump", I think it's called. Run up the valuation of the company, then sell, then get out of Dodge. They have bought quite a few of the local marinas in our area.