Miami boat show

ecdecker · 12-22-2009, 11:39 AM

goodhue sells fountains:

http://www.goodhueandhawkins.com/new-boats.html

LIforrelaxin · 12-22-2009, 11:53 AM

Quote:

Originally Posted by ecdecker

goodhue sells fountains:

http://www.goodhueandhawkins.com/new-boats.html

A little more specific here Goodhue and Hawkins, in Wolfeboro

There is also a Goodhue Marine in Center Harbor / Moultonborough, which has no affiliation............

colt17 · 12-22-2009, 01:03 PM

Baja was bought by fountain in 2008 i believe.

Article from Powerboat Magazine.

Fountain Powerboats filed for Chapter 11 bankruptcy protection on Monday, Aug. 24, in the U.S. Bankruptcy Court in the Eastern District of North Carolina.

Just two months after hiring an investment banker to seek additional capital, the Washington, N.C.,-based company will attempt to sell its assets, which includes its 65-acre manufacturing facility and tooling, along with the unsold inventory and names for the Fountain and Baja brands. Chairman and CEO Reggie Fountain said the company’s assets are expected to fetch between $6 million and $8 million.

According to court documents, the company says it has $3 in assets listed under personal property. It lists $1 each for Baja by Fountain, Fountain Dealers’ Factory Superstore and Fountain Powerboats. Its liabilities are listed as $19.6 million, which it owes to Regions Bank. More than $4 million of the total is for floor-plan loans, while the other $15-plus million was for term loans and a revolving loan. The company reported a loss of $2.2 million in fiscal 2008 and $8.1 million in fiscal 2009.

Reggie Fountain told local news sources that only 10 to 12 workers will remain at the plant in the coming weeks, and that he expects the backing of new private investors to be in place by the end of the month. That is if the bankruptcy court approves the sale procedures (a hearing has not been scheduled).

The company asked the court to quickly hear the plan, stating in court documents, “If the sale motion is approved and a sale is consummated as proposed, any plan of reorganization will be perfunctory in scope. If the sale motion is not approved, or a sale is not confirmed and consummated, the debtors may pursue a more traditional plan of reorganization or a plan of orderly liquidation.”

I was told that Hustler was looking to buy Fountain but that deal fell threw.

Here is some more financal info that i found kind of scary....

The company reported owing its main creditor, Birmingham, Ala.-based Regions Bank, nearly $20 million. Its main subsidiary reported assets of $18.4 million and liabilities of $50.2 million in its court filing on Monday

angela4design · 12-22-2009, 03:20 PM

Aren't there usually Boat Shows here in the state? I've never been, but I think there have been Shows in Manchester and I think Concord, too. Are they any good? Are they happening this year?

OCDACTIVE · 12-22-2009, 03:30 PM

Quote:

Originally Posted by angela4design

Aren't there usually Boat Shows here in the state? I've never been, but I think there have been Shows in Manchester and I think Concord, too. Are they any good? Are they happening this year?

Its like comparring apples and oranges as far as size and amounts of vendors. The Manchester Boat show is in the armory. It is nice to walk thru but you can visit every booth in about an hour. The one in Boston is much bigger and definately a much larger venue but it is probably 1/10 the size of the miami show. They have an in water boat show as well as the entire convention complex. Also it is a week long event that clubs and organizations have partys and other events like poker runs that stem from it. Most of the bigger manufactorers on the east coast wait until the Miami show to bring out their newest models. It is a sight to see to say the least!

LIforrelaxin · 12-22-2009, 04:00 PM

Quote:

Originally Posted by angela4design

Aren't there usually Boat Shows here in the state? I've never been, but I think there have been Shows in Manchester and I think Concord, too. Are they any good? Are they happening this year?

As OCD says Comparing Manchester , to Boston, to Mami, is like comparing apples, to oranges, to appricots.....

Now having said that if your looking for a boat what boat show would be good to go too, well that comes down to your needs. If you looking for a small run of the mill bow rider, and you definately want a local dealer, then going to Manchester, concord or some of the small shows around NE is not a bad thing. If your looking for something to go on the ocean, and once again want to be sure you by from a somewhat local dealer, then going to Boston, is a good idea.... If you want to go and check out everything from here to there, and if you find your dream boat, aren't worried that you might be buying from a non local dealer and may have to deal with frieght then Mami. It all depends on what you want out of the experience. My self one of these years hope to go done to Mami, see the boat show, and have a little vacation.....I just never seem to make it......

pm203 · 12-22-2009, 04:31 PM

Fort lauderdale is better than Miami in my opinion, but Miami is the way to go since lauderdale has come and gone. I am going to try and make Miami this year myself. After attending these shows, anything else is a dissapointment.

VtSteve · 12-22-2009, 03:28 PM

November Announcements:
http://www.tradeonlytoday.com/home/5...anization-plan

Judge Holds Firm:
http://www.tradeonlytoday.com/home/5...usivity-period

SAMIAM · 12-25-2009, 01:56 PM

Gotta get a plug in for a west coast show....not a biggie like Miami,but kind of nice.Ft Myers has an "in the water" show in November....boats all the way up to 80' Sunseeker Predators.Mostly smaller boats for the shallow gulf waters but also some big off shore rigs.Fun show,good deals....and the food is good.

robmac · 12-25-2009, 02:30 PM

Sam,I agree have been to that show and it is alot of fun. Some of my friends live on the wrong 9 I mean west coast) so I try and go by boat across Lake Okeechobee then up from there. Always had a good time.

KBoater · 12-26-2009, 01:39 PM

I've bought boats at the Ft. Myer Show. It's always a good time. Most vendor have the new models there and there is a large amount of electronic on display with folks willing to educate you. Nov. is a good time to look. They have a collection of boats that are seen on Winnie.
My last boat I did the revise. I tested it on Winnie and bought in F M

12-22-2009, 01:03 PM	#3
colt17 Senior Member Join Date: Jan 2005 Location: Hollis NH/Laconia Posts: 132 Thanks: 62 Thanked 17 Times in 12 Posts	Baja/Fountain Bankrupt Baja was bought by fountain in 2008 i believe. Article from Powerboat Magazine. Fountain Powerboats filed for Chapter 11 bankruptcy protection on Monday, Aug. 24, in the U.S. Bankruptcy Court in the Eastern District of North Carolina. Just two months after hiring an investment banker to seek additional capital, the Washington, N.C.,-based company will attempt to sell its assets, which includes its 65-acre manufacturing facility and tooling, along with the unsold inventory and names for the Fountain and Baja brands. Chairman and CEO Reggie Fountain said the company’s assets are expected to fetch between $6 million and $8 million. According to court documents, the company says it has $3 in assets listed under personal property. It lists $1 each for Baja by Fountain, Fountain Dealers’ Factory Superstore and Fountain Powerboats. Its liabilities are listed as $19.6 million, which it owes to Regions Bank. More than $4 million of the total is for floor-plan loans, while the other $15-plus million was for term loans and a revolving loan. The company reported a loss of $2.2 million in fiscal 2008 and $8.1 million in fiscal 2009. Reggie Fountain told local news sources that only 10 to 12 workers will remain at the plant in the coming weeks, and that he expects the backing of new private investors to be in place by the end of the month. That is if the bankruptcy court approves the sale procedures (a hearing has not been scheduled). The company asked the court to quickly hear the plan, stating in court documents, “If the sale motion is approved and a sale is consummated as proposed, any plan of reorganization will be perfunctory in scope. If the sale motion is not approved, or a sale is not confirmed and consummated, the debtors may pursue a more traditional plan of reorganization or a plan of orderly liquidation.” I was told that Hustler was looking to buy Fountain but that deal fell threw. Here is some more financal info that i found kind of scary.... The company reported owing its main creditor, Birmingham, Ala.-based Regions Bank, nearly $20 million. Its main subsidiary reported assets of $18.4 million and liabilities of $50.2 million in its court filing on Monday

12-22-2009, 03:20 PM	#4
angela4design Senior Member Join Date: Mar 2007 Location: Meredith Posts: 353 Thanks: 45 Thanked 54 Times in 38 Posts	Local Aren't there usually Boat Shows here in the state? I've never been, but I think there have been Shows in Manchester and I think Concord, too. Are they any good? Are they happening this year?

12-22-2009, 03:28 PM	#8
VtSteve Senior Member Join Date: Apr 2008 Posts: 1,320 Blog Entries: 1 Thanks: 230 Thanked 361 Times in 169 Posts	The latest Fountain News November Announcements: http://www.tradeonlytoday.com/home/5...anization-plan Judge Holds Firm: http://www.tradeonlytoday.com/home/5...usivity-period

12-26-2009, 01:39 PM	#11
KBoater Senior Member Join Date: Apr 2004 Location: Wolfeboro Posts: 521 Thanks: 10 Thanked 29 Times in 15 Posts	F M Show I've bought boats at the Ft. Myer Show. It's always a good time. Most vendor have the new models there and there is a large amount of electronic on display with folks willing to educate you. Nov. is a good time to look. They have a collection of boats that are seen on Winnie. My last boat I did the revise. I tested it on Winnie and bought in F M __________________ Home Permanently in NH

12-22-2009, 11:39 AM	#1
ecdecker Junior Member Join Date: Aug 2007 Posts: 6 Thanks: 0 Thanked 0 Times in 0 Posts	goodhue sells fountains: http://www.goodhueandhawkins.com/new-boats.html

12-22-2009, 04:31 PM	#7
pm203 Senior Member Join Date: Jul 2004 Posts: 225 Thanks: 41 Thanked 86 Times in 46 Posts	Fort lauderdale is better than Miami in my opinion, but Miami is the way to go since lauderdale has come and gone. I am going to try and make Miami this year myself. After attending these shows, anything else is a dissapointment.

12-25-2009, 01:56 PM	#9
SAMIAM Senior Member Join Date: Apr 2004 Location: Moultonborough Posts: 2,961 Thanks: 352 Thanked 1,732 Times in 614 Posts	Gotta get a plug in for a west coast show....not a biggie like Miami,but kind of nice.Ft Myers has an "in the water" show in November....boats all the way up to 80' Sunseeker Predators.Mostly smaller boats for the shallow gulf waters but also some big off shore rigs.Fun show,good deals....and the food is good.

12-25-2009, 02:30 PM	#10
robmac Senior Member Join Date: Jan 2005 Location: Nashua,Meredith Posts: 950 Thanks: 213 Thanked 106 Times in 81 Posts	Sam,I agree have been to that show and it is alot of fun. Some of my friends live on the wrong 9 I mean west coast) so I try and go by boat across Lake Okeechobee then up from there. Always had a good time.