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#1
posted to rec.boats
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Equity just bought out Bankrupt Genmar
Maybe slowly, but it looks to me like something is going to turn
around. http://www.businessweek.com/ap/finan.../D9DKN8H01.htm ""It's great to see this partnership promoting so many unique opportunities," Wood said. "Building the best product and encouraging increased participation in a sport for all ages have always been our goals, and we all look forward to a thriving relationship with our new partner." Platinum Equity says Randy Hopper will continue to serve as president of Wood Manufacturing and will oversee production in Flippin of Ranger, Stratos and Champion boats. Hopper has led Wood for more than 20 years. The acquisition also includes the Wellcraft, Four Winns and Glastron boat brands, with factories in Cadillac, Mich., and Murfreesboro, Tenn." |
#2
posted to rec.boats
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Equity just bought out Bankrupt Genmar
On 2/3/10 6:08 PM, Tim wrote:
Maybe slowly, but it looks to me like something is going to turn around. http://www.businessweek.com/ap/finan.../D9DKN8H01.htm ""It's great to see this partnership promoting so many unique opportunities," Wood said. "Building the best product and encouraging increased participation in a sport for all ages have always been our goals, and we all look forward to a thriving relationship with our new partner." Platinum Equity says Randy Hopper will continue to serve as president of Wood Manufacturing and will oversee production in Flippin of Ranger, Stratos and Champion boats. Hopper has led Wood for more than 20 years. The acquisition also includes the Wellcraft, Four Winns and Glastron boat brands, with factories in Cadillac, Mich., and Murfreesboro, Tenn." Maybe. Platinum Equity specializes in LBO's. More likely, the new owners will sell off the assets of a number of brand names it bought, and borrow to the degree possible off the rest of the brand names/factories/tangible assets, and saddle them with more debt than they have now. Think..."junk bonds." |
#3
posted to rec.boats
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Equity just bought out Bankrupt Genmar
"Tim" wrote in message
... Maybe slowly, but it looks to me like something is going to turn around. http://www.businessweek.com/ap/finan.../D9DKN8H01.htm ""It's great to see this partnership promoting so many unique opportunities," Wood said. "Building the best product and encouraging increased participation in a sport for all ages have always been our goals, and we all look forward to a thriving relationship with our new partner." Platinum Equity says Randy Hopper will continue to serve as president of Wood Manufacturing and will oversee production in Flippin of Ranger, Stratos and Champion boats. Hopper has led Wood for more than 20 years. The acquisition also includes the Wellcraft, Four Winns and Glastron boat brands, with factories in Cadillac, Mich., and Murfreesboro, Tenn." We should take good news when we find it. -- Nom=de=Plume |
#4
posted to rec.boats
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Equity just bought out Bankrupt Genmar
Tim wrote:
Maybe slowly, but it looks to me like something is going to turn around. http://www.businessweek.com/ap/finan.../D9DKN8H01.htm ""It's great to see this partnership promoting so many unique opportunities," Wood said. "Building the best product and encouraging increased participation in a sport for all ages have always been our goals, and we all look forward to a thriving relationship with our new partner." Platinum Equity says Randy Hopper will continue to serve as president of Wood Manufacturing and will oversee production in Flippin of Ranger, Stratos and Champion boats. Hopper has led Wood for more than 20 years. The acquisition also includes the Wellcraft, Four Winns and Glastron boat brands, with factories in Cadillac, Mich., and Murfreesboro, Tenn." I see Harry and a non-boater are trashing your boating thread, Tim. Let me apologize for them, and add some content. If 'Bama had bailed out Genmar, their assets wouldn't have ended up with the Wall Street ponzi guys. Why didn't he bail out Genmar? 1. Genmar workers are non-union, so losing their jobs isn't a tragedy. 2. Geithner and Bernacke wanted Wall Street to get the pieces cheap. 'Bama - pro-union and pro Wall Street. Ying and Yang, Sweet and Sour. We've come to a hell of place since Ike. Thanks for the opportunity to talk about boats. |
#5
posted to rec.boats
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Equity just bought out Bankrupt Genmar
On 03/02/2010 5:01 PM, Jim wrote:
Tim wrote: Maybe slowly, but it looks to me like something is going to turn around. http://www.businessweek.com/ap/finan.../D9DKN8H01.htm ""It's great to see this partnership promoting so many unique opportunities," Wood said. "Building the best product and encouraging increased participation in a sport for all ages have always been our goals, and we all look forward to a thriving relationship with our new partner." Platinum Equity says Randy Hopper will continue to serve as president of Wood Manufacturing and will oversee production in Flippin of Ranger, Stratos and Champion boats. Hopper has led Wood for more than 20 years. The acquisition also includes the Wellcraft, Four Winns and Glastron boat brands, with factories in Cadillac, Mich., and Murfreesboro, Tenn." I see Harry and a non-boater are trashing your boating thread, Tim. Let me apologize for them, and add some content. If 'Bama had bailed out Genmar, their assets wouldn't have ended up with the Wall Street ponzi guys. Why didn't he bail out Genmar? 1. Genmar workers are non-union, so losing their jobs isn't a tragedy. 2. Geithner and Bernacke wanted Wall Street to get the pieces cheap. 'Bama - pro-union and pro Wall Street. Ying and Yang, Sweet and Sour. We've come to a hell of place since Ike. Thanks for the opportunity to talk about boats. Too bad Obama does nto care about main street middle class America. |
#6
posted to rec.boats
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Equity just bought out Bankrupt Genmar
"Canuck57" wrote in message
... On 03/02/2010 5:01 PM, Jim wrote: Tim wrote: Maybe slowly, but it looks to me like something is going to turn around. http://www.businessweek.com/ap/finan.../D9DKN8H01.htm ""It's great to see this partnership promoting so many unique opportunities," Wood said. "Building the best product and encouraging increased participation in a sport for all ages have always been our goals, and we all look forward to a thriving relationship with our new partner." Platinum Equity says Randy Hopper will continue to serve as president of Wood Manufacturing and will oversee production in Flippin of Ranger, Stratos and Champion boats. Hopper has led Wood for more than 20 years. The acquisition also includes the Wellcraft, Four Winns and Glastron boat brands, with factories in Cadillac, Mich., and Murfreesboro, Tenn." I see Harry and a non-boater are trashing your boating thread, Tim. Let me apologize for them, and add some content. If 'Bama had bailed out Genmar, their assets wouldn't have ended up with the Wall Street ponzi guys. Why didn't he bail out Genmar? 1. Genmar workers are non-union, so losing their jobs isn't a tragedy. 2. Geithner and Bernacke wanted Wall Street to get the pieces cheap. 'Bama - pro-union and pro Wall Street. Ying and Yang, Sweet and Sour. We've come to a hell of place since Ike. Thanks for the opportunity to talk about boats. Too bad Obama does nto care about main street middle class America. Too bad you're ignorant. -- Nom=de=Plume |
#7
posted to rec.boats
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Equity just bought out Bankrupt Genmar
On Feb 3, 5:28*pm, "nom=de=plume" wrote:
"Tim" wrote in message ... Maybe slowly, but it looks to me like something is going to turn around. http://www.businessweek.com/ap/finan.../D9DKN8H01.htm ""It's great to see this partnership promoting so many unique opportunities," Wood said. "Building the best product and encouraging increased participation in a sport for all ages have always been our goals, and we all look forward to a thriving relationship with our new partner." Platinum Equity says Randy Hopper will continue to serve as president of Wood Manufacturing and will oversee production in Flippin of Ranger, Stratos and Champion boats. Hopper has led Wood for more than 20 years. The acquisition also includes the Wellcraft, Four Winns and Glastron boat brands, with factories in Cadillac, Mich., and Murfreesboro, Tenn." We should take good news when we find it. -- Nom=de=Plume I'm optimistic about it. |
#8
posted to rec.boats
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Equity just bought out Bankrupt Genmar
On 03/02/2010 8:51 PM, nom=de=plume wrote:
wrote in message ... On 03/02/2010 5:01 PM, Jim wrote: Tim wrote: Maybe slowly, but it looks to me like something is going to turn around. http://www.businessweek.com/ap/finan.../D9DKN8H01.htm ""It's great to see this partnership promoting so many unique opportunities," Wood said. "Building the best product and encouraging increased participation in a sport for all ages have always been our goals, and we all look forward to a thriving relationship with our new partner." Platinum Equity says Randy Hopper will continue to serve as president of Wood Manufacturing and will oversee production in Flippin of Ranger, Stratos and Champion boats. Hopper has led Wood for more than 20 years. The acquisition also includes the Wellcraft, Four Winns and Glastron boat brands, with factories in Cadillac, Mich., and Murfreesboro, Tenn." I see Harry and a non-boater are trashing your boating thread, Tim. Let me apologize for them, and add some content. If 'Bama had bailed out Genmar, their assets wouldn't have ended up with the Wall Street ponzi guys. Why didn't he bail out Genmar? 1. Genmar workers are non-union, so losing their jobs isn't a tragedy. 2. Geithner and Bernacke wanted Wall Street to get the pieces cheap. 'Bama - pro-union and pro Wall Street. Ying and Yang, Sweet and Sour. We've come to a hell of place since Ike. Thanks for the opportunity to talk about boats. Too bad Obama does nto care about main street middle class America. Too bad you're ignorant. Too bad you are anti-American. I used to admire the US as a great nation where hard work, integrity, honor and liberty meant something. Today the crooks and debtors run the country into the ground and liberal people follow the Pied Piper. When in fact, just selfish leachs looking for a free lunch, willing to sell their liberty for a talk a lot promise. |
#9
posted to rec.boats
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Equity just bought out Bankrupt Genmar
"Tim" wrote in message
... On Feb 3, 5:28 pm, "nom=de=plume" wrote: "Tim" wrote in message ... Maybe slowly, but it looks to me like something is going to turn around. http://www.businessweek.com/ap/finan.../D9DKN8H01.htm ""It's great to see this partnership promoting so many unique opportunities," Wood said. "Building the best product and encouraging increased participation in a sport for all ages have always been our goals, and we all look forward to a thriving relationship with our new partner." Platinum Equity says Randy Hopper will continue to serve as president of Wood Manufacturing and will oversee production in Flippin of Ranger, Stratos and Champion boats. Hopper has led Wood for more than 20 years. The acquisition also includes the Wellcraft, Four Winns and Glastron boat brands, with factories in Cadillac, Mich., and Murfreesboro, Tenn." We should take good news when we find it. -- Nom=de=Plume I'm optimistic about it. I'm also. We've a history of turning things around, even when things look bleak, more so than now. -- Nom=de=Plume |
#10
posted to rec.boats
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Equity just bought out Bankrupt Genmar
"Canuck57" wrote in message
... On 03/02/2010 8:51 PM, nom=de=plume wrote: wrote in message ... On 03/02/2010 5:01 PM, Jim wrote: Tim wrote: Maybe slowly, but it looks to me like something is going to turn around. http://www.businessweek.com/ap/finan.../D9DKN8H01.htm ""It's great to see this partnership promoting so many unique opportunities," Wood said. "Building the best product and encouraging increased participation in a sport for all ages have always been our goals, and we all look forward to a thriving relationship with our new partner." Platinum Equity says Randy Hopper will continue to serve as president of Wood Manufacturing and will oversee production in Flippin of Ranger, Stratos and Champion boats. Hopper has led Wood for more than 20 years. The acquisition also includes the Wellcraft, Four Winns and Glastron boat brands, with factories in Cadillac, Mich., and Murfreesboro, Tenn." I see Harry and a non-boater are trashing your boating thread, Tim. Let me apologize for them, and add some content. If 'Bama had bailed out Genmar, their assets wouldn't have ended up with the Wall Street ponzi guys. Why didn't he bail out Genmar? 1. Genmar workers are non-union, so losing their jobs isn't a tragedy. 2. Geithner and Bernacke wanted Wall Street to get the pieces cheap. 'Bama - pro-union and pro Wall Street. Ying and Yang, Sweet and Sour. We've come to a hell of place since Ike. Thanks for the opportunity to talk about boats. Too bad Obama does nto care about main street middle class America. Too bad you're ignorant. Too bad you are anti-American. I used to admire the US as a great nation where hard work, integrity, honor and liberty meant something. Today the crooks and debtors run the country into the ground and liberal people follow the Pied Piper. When in fact, just selfish leachs looking for a free lunch, willing to sell their liberty for a talk a lot promise. Sure. I'm anti-American because I live here, pay my taxes, and want us to succeed, including helping those less fortunately... while you're unable to even enter the US. Sure. -- Nom=de=Plume |
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