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#2058585 - 11/06/09 08:58 PM Re: Genmar will be Sold!!!!!!!! [Re: delcecchi]
gregg52 Offline
Sr FishingMN Family

Registered: 01/13/09
Posts: 876
Loc: brainerd mn
i said i didnt know
at any rate i own brp products and am very happy with them
150-etc....600mxz bout very good moters and lots of power from both
troulbe free and fun !!!!!!!!!!!!

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#2058734 - 11/07/09 09:41 AM Re: Genmar will be Sold!!!!!!!! [Re: gregg52]
Northlander Offline

FishingMN Pro Staff

Registered: 02/17/02
Posts: 18196
Loc: Duluth Mn./Superior, Wi.
Play nice guys. Its not worth argueing over is it?

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#2059692 - 11/08/09 10:42 PM Re: Genmar will be Sold!!!!!!!! [Re: Northlander]
delcecchi Online   content
Sr FishingMN Family

Registered: 04/23/02
Posts: 1147
Loc: Rochester, MN/Wakemup Village
I was just speaking truth to power. :-)
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Del

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#2061542 - 11/10/09 08:32 PM Re: Genmar will be Sold!!!!!!!! [Re: delcecchi]
Chode2235 Offline
Sr IceLeaders Family

Registered: 07/19/07
Posts: 1449
Loc: Saint Paul
Jacobs is going to get a sweet deal by buying his company back... Wow, I cant believe this is somehow legal.

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#2062018 - 11/11/09 10:59 AM Re: Genmar will be Sold!!!!!!!! [Re: Chode2235]
mnfishinguy Online   content
Sr HotSpotOutdoors Family

Registered: 11/30/03
Posts: 3451
Loc: White Bear Lake
He owned 40% of Genmar stock so he was not the owner.
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#2062036 - 11/11/09 11:17 AM Re: Genmar will be Sold!!!!!!!! [Re: Chode2235]
delcecchi Online   content
Sr FishingMN Family

Registered: 04/23/02
Posts: 1147
Loc: Rochester, MN/Wakemup Village
He has to bid against at least one other party, as mentioned in the paper yesterday, all under the supervision of the bankruptcy court. And his stock became pretty much worthless with the bankruptcy filing. So not too sweet.
_________________________
Del

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#2063354 - 11/12/09 05:50 PM Re: Genmar will be Sold!!!!!!!! [Re: delcecchi]
Bass N Spear Offline

HotSpotOutdoors Specialist

Registered: 08/24/06
Posts: 12328
Loc: Chanhassen, MN
he stepped down as CEO to buy it back! I hope someone else gets it!
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#2063555 - 11/12/09 09:12 PM Re: Genmar will be Sold!!!!!!!! [Re: Northlander]
Down Deep Offline
Sr FishingMN Family

Registered: 12/19/05
Posts: 1309
Loc: Duluth, MN
Originally Posted By: Northlander
Unfortunaltely this will more than likely drive their already out of wack boat prices up even more.
''

I'm getting into this thread late in the game, but I think that boat buyers are out of whack and the boat builders are just giving them what they want.

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#2063612 - 11/12/09 10:26 PM Re: Genmar will be Sold!!!!!!!! [Re: Down Deep]
Bass N Spear Offline

HotSpotOutdoors Specialist

Registered: 08/24/06
Posts: 12328
Loc: Chanhassen, MN
what do you mean?
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#2064025 - 11/13/09 12:26 PM Re: Genmar will be Sold!!!!!!!! [Re: Bass N Spear]
gregg52 Offline
Sr FishingMN Family

Registered: 01/13/09
Posts: 876
Loc: brainerd mn
i think some of technolgy going into these motors
is what brings that price up
and labor cost to i spose depending on the boat and how they are built
i was at yar craft went threw there plant and its time consuming one boat at a time but very well built
one thing about a boat it holds it value for awhile and taken care of will last a long time not like a vehicle drive them off the lot you are out 10k plus not many will last 20 yrs
this will be the 3rd summer coming up on my new boat and i can get what i paid for it i think or real close to it
i did get a pretty good deal when i bought but i shopped all winter to
another 2 yrs its paid for and i love being in it even if i'm not catching fish
so all in all not a bad investment imo

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#2064630 - 11/14/09 11:21 AM Re: Genmar will be Sold!!!!!!!! [Re: Bass N Spear]
Down Deep Offline
Sr FishingMN Family

Registered: 12/19/05
Posts: 1309
Loc: Duluth, MN
Originally Posted By: Bass N Spear
what do you mean?


I mean that many boat buyers are over influenced by the hype of all the marketing and end up driving a demand for boats with all the whistles and bells when boats that cost a whole lot less would suit their needs just fine. Everything goes along just fine until the eight-hundred of pound guerrilla comes along and puts the ca-bash on the party. I'll guarantee that the reason GenMar is on the ropes is because the buyers ran out of $$$$, (credit dollars) not the lack of customer desire or want A little more basic sense and restraint on both ends would avoid these bankruptcies. The same principle is true for housing, auto, electronics, etc. When the management of a company or a buyer live in a make believe world what seems real isn't and they both pay for it.

As I said in my original post this is "What I Think" and not a judgement of anyone one else.

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#2064719 - 11/14/09 03:32 PM Re: Genmar will be Sold!!!!!!!! [Re: Down Deep]
gregg52 Offline
Sr FishingMN Family

Registered: 01/13/09
Posts: 876
Loc: brainerd mn
I kinda agree with you more so with the autos though
i mean open the hood of a new vehicle the motor itself is hardly visialbe I relize a lot of it is pollution stuff but still all the stuff in cars today
most of it you need a yr or 2 of college to figure out how to use it and i'm bettin 50%
of the stuff never gets used
as i said above at least a boat holds its value longer

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