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  • Recent Posts

    • Unfortunately, that seems to be the “current” prices out there.  No plausible reason for that ridiculous price on a fuel filter/o-ring as far as I have been able to determine from researching it.  It’s a custom made filter for Malibu with the custom made price tag.  Haven’t had any success finding a cross reference filter.

    • Thanks. We ended up passing on the Telluride -- later found out that the airbags had been deployed. Ended up going with a Honda Ridgeline which has the adapter built in. Hoping it can handle yanking the boat -- says 5000 towing. Boat dry plus trailer should be around 4000. 

    • I have a '01 Sporty with the Vortec carb. Had the carb rebuilt last year by Malibu dealer -- in the early going, everything was fine; idled around 700ish. End of the season was having some issues -- may have been vapor lock due to extreme heat -- and boat stalled out a few times and idle seemed to bounce around a bit. No issues when boat is running/we skiing. This past spring, did my own oil change, fuel filter replacement, ATF, etc. Boat starts right up but the idle remains really low -- right at 500. I'm not mechanically inclined so hesitant to start messing with the idle screws. Guy that works on my car is an avid boat owner and offered to take a look. Not being cheap but the wait line and service cost of Malibu is absolutely ridiculous. Was hoping it just needs a few adjustments. Thoughts on it being the carb or potentially something else? Thanks. 

    • 21 hours ago, rennis said:

      Malibu's most recently issued independent audit is for June 30, 2023, with a report date of 8/29/23. I suspect KPMG's audit procedures aren't protecting MBUU much in this scenario unless they performed interim audit procedures for the 6/30/24 audit on Tommy's as a major customer.  Even if they were I doubt it has any bearing on this situation.  With the departure of MBUUs CFO and Springer earlier this year I don't think we can infer much about the business dealings between MBUU and Tommy's in the last several months from the past audit.

      Also don't forget KPMG issued a clean audit opinion last year for Silicon Valley Bank.  Roughly negative 3 hours before the bank was seized by the FDIC. 

      People can believe what they want, but the accusations made by Tommy's: (1) date back to 2022, a period clearly covered by Malibu's audited financials; and (2) are about a point (whether there is a legitimate purchaser) that auditors specifically test when certifying public company financials.   I also don't even really understand the allegations Tommy's is making - if they're saying Malibu forced them to buy product they did not need then they are admitting to knowing about and being in on a fraudulent scheme, and if they're saying Malibu shipped product without an end purchaser then they'd have to show Malibu also recognized revenue on those sales for it to be fraud (which I've seen no indication they have).

      I am also not going to comment on silicon valley bank except to say that it's a completely different accounting issue and the run on the bank happened very quickly, during a time period not covered by the audit.

    • I thought that had to be the case but I kept seeing everyone with the position sensor. Thank you!

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