Even assuming it was utilized at 160,000,000 (I’ve seen no authority it was, credit availability isn’t utilization), and the rate was 5%, that’s $8M a year.  If they did 1,000 boats a year that’s spread out to $8,000 a boat IF it was floor planned a whole year. Thats a line item of note for sure but not insane when you think about it because 1) most boats obviously sell much faster than a year 2) they were selling more than 1,000 if they did 1/3 of malibus product, and 3) unlikely they were actually floor planning $160,000,000.  
 

Now, obviously that’s for PAST considerations.  Market at a standstill going forward?  That’s an issue.  

1 hour ago, Mazevedo said:

Concern is under load (surfing) if the connection would hold up to the resistance of the water....

The connectors that @formulaben linked are screw lock and sealed.  They aren't going to come apart in moving water.  I would be much more concerned that you install them correctly so that the gland at the cable entrance has a chance to actually seal and not flood the back of the connector with water.

On 4/11/2024 at 8:26 AM, dizzygti said:

Sales trends can be assumed from the numbers I posted in that link.  Like you said, next earnings report will be telling.

Why would anyone believe the data. I think I’ve been saying stuff at dealerships is not selling hot for a long while… yet mfg numbers were contradictory and now we find out why.
 

I highly doubt Tommy’s was the only dealerships being pumped up. I also don’t think this is a Malibu only problem. Basically dealers are going to be sitting on inventory longer and moving less while many are pumped full.. Pain is coming..

Ultimately someone at Tommy’s bought into the idea that sales would magically continue at COVID boom numbers and beyond?? What’s confusing to me is why the Bank would have even financed this based on Tommy’s performance??? LOC/Loans of this size ALWAYS have bankers doing some sort of fiduciary limit on what the customer has a likelihood of paying back..too many things NOT adding up here!!!  CEOs get paid for stock performance so obviously all CEOs want to do is increase stock prices . Their incentive programs are tied to it. Banks want to make a crap ton off of interest And something smells fishy how this even got approved… 50M -160M … that’s crazy Their cash flow can’t even service the interest in good times with low rates let alone now!!!! This likely why I said a while back banks were putting halts and reducing limits in floor plan financing 

obviously somebody at the banks getting canned on this one..

2 hours ago, Brandonloos21 said:

Makes me curious, are the XXX boxes built any bit decent or to spec in the M boats?

My 2020 23 MXZ box was just as bad as the M220 I have. And I paid for the upgraded audio package. Thats why I am having you make all my plugs and doing my own thing..lol. 

Thank you for the suggestion! The sensor is mounted to the ladder with 2 screws and appears the connector to the sensor is not detachable. The cable leaving the sensor is secured to the support arm of the swim step and enters the boat at what I would think would be close to the waterline and runs to the dash. My druthers would be to splice a quick disconnect (similar to the 2 prong in your link) and call it a day. Concern is under load (surfing) if the connection would hold up to the resistance of the water....