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Recent Posts
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Hark 1
Getting her out of storage this week to summerize, and I would love to take it to a gas station to fill it up with ethanol free before I put it in the water. Problem is, when I try to fuel at the pump, the pump either shuts off or the gas comes out of the vent next to the nozzle. Any help would be greatly appreciated. I have no problem adding fuel using my 5-gallon gas cans with my fluid transfer pump.
Edited by Hark -
Rednucleus 956
@SkipGundlach from your list I find slines to be the best bang for your buck & excellent quality for the higher end slalom skier.
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DGAZ 76
1 hour ago, SurfNAZ said:That’s the first thing I thought too.
OP that’s a really nice, well kept boat. GLWS!
Ha Ha definitely! That was the last think I was gonna do before listing. Teak Oil came in today. Gonna shine her right up and then I’ll list. Appreciate the feedback
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BLSousa 346
My assumption: There is likely a venture capitalist/private equity group behind tommy’s expansion that should have a 1st position deed of trust on everything except most of the floor plan boats. The VC will acquire all of Tommy’s assets and Malibu will likely work with them 1st to establish a new dealer, or who the VC chooses to sell to. The sweetheart building leases with the old owners will be canceled and replaced with new sub market leases.
As part of the new deal, the new dealer will continue to sell the repo boats for the floor plan lender. From that point forward it is pretty much business as usual.
The only thing I see messing this up is if Tommy’s has another senior lender or is valued at more than the VC/PE’s loans.
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braindamage 2,387
Just now, oldjeep said:On the other hand - selling boats, in a recession with rising interest rates. Any port in a storm.
I suppose.
We’d use this as an opportunity to reshape the dealer network in the image for the future unless the financials were existential. Not sure what Malibu will do.
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