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Recent Posts
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The Hulk 1,837
On a serious note Malibu made $ on these boats once. What's better than once? TWICE! Well kinda but IMO they don't have a choice
Malibu should work out a deal with M&T to buy back these boats at MAJOR discount and Quickly, then sell back again protecting the market pricing. I don't see how Malibu can let these get dumped without killing other dealers leading to prices and margins getting cut further when financing expenses and margin across the board are getting slim for all parties..
Depending on how long this last these boats could be caught up in limbo for a long time sitting outside as well getting weathered, water, mold etc as I'm sure Tommys is probably not allocating labor anymore to keep up on LOT duties now since they kinda don't own them anymore. you know like leaving covers half off or not on and just assuming drain plugs are out while other cavities fill and mold.
On another note it's NOT going to be easy in this market to just go and pick up a bunch of dealers that want to take on expensive boats that don’t already have a lot full of other brand expensive boats..
Maybe go the Tesla route...
- dshack
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Brandonloos21 156
28 minutes ago, The Hulk said:I would guess/ imagine they used more local banks in California to finance those CA dealerships acquisitions? Possible local banks near the other locations? Maybe even more loans other than M&T possibly?
Just doesn't make sense how the staggering loan increase got approved....banks have disclosure rules on companies! Well they typically do....
Silicon Valley Bank?
- The Hulk
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Nick55 145
There are banks that specialize in high risk lending, especially in the Silicon Valley area. That likely explains the >13% interest. And quite honestly, if they were financed in 21-22, even early 23, it’s possible that everyone thought it was still gangbusters…. Though I really have concerns about underwriters that didn’t see the writing on the wall regarding economic slowdown.
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solorex 165
Taco Marine semi rigid rub rail 1.5" I believe is the closest match. The center piece does stick out a little more than the factory one. I have been looking around for rub rail that matches closer to factory for a while now.
Last year I went with Domed numbers but just used the "newer" font. The one with all lower case... looks great.
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The Hulk 1,837
I would guess/ imagine they used more local banks in California to finance those CA dealerships acquisitions? Possible local banks near the other locations? Maybe even more loans other than M&T possibly?
Just doesn't make sense how the staggering loan increase got approved....banks have disclosure rules on companies! Well they typically do....
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