MBUU by the numbers

[hunter77ah]

Anyone else see that Jack is out?

[ahopkins22LSV]

23 minutes ago, hunter77ah said:

Anyone else see that Jack is out?

Yahoo agrees. Sounds mutual and he’s staying on board in a different position until mid May. 
 

https://finance.yahoo.com/news/malibu-boats-inc-announces-leadership-123000146.html

[BlindSquirrel]

On 1/31/2024 at 1:41 PM, The Hulk said:

How did Jack miss his optimum exit?I  mean he didn't notice his CFO jumped ship for a reason?

Barletta CEO timed perfectly although he has a lot of market insights from working in the RV industry and selling that.. 

Lots of layoffs and talks happening right now at many Boat companies FYI

Brunswick's demand issue seems to be getting short up way quicker than expected... 

Perhaps the next year or two the word unexpected will become the norm just like during the pandemic it was the word unprecedented.. ha

His credit rating just keeps going up! The Hulk calls it again. Any hot stocks we should be aware of @The Hulk

[COOP]

On 1/31/2024 at 6:11 PM, CDAWake said:

I propose a new thread called “Economic and Business Theory and Predictions by @The Hulk, 50% of the time we are at least half correct”

Kinda like Sex Panther.

 

60% of the time, it works every time.

[oldjeep]

15 years of being in charge - sounds like retirement

[bcoppess23]

1 hour ago, oldjeep said:

15 years of being in charge - sounds like retirement

Sounds like forced retirement to me.. 

[rennis]

As they say, it's lonely at the top.  

[justgary]

8 hours ago, COOP said:

Kinda like Sex Panther.

 

60% of the time, it works every time.

Pictures, or it didn't happen!

[BlindSquirrel]

1 hour ago, justgary said:

Pictures, or it didn't happen!

 

[NorCalSurfer]

10 hours ago, hunter77ah said:

Anyone else see that Jack is out?

I sent pretty bad reviews on Malibu’s follow up survey on Sunday. Maybe I got him fired? 

[Ronnie]

11 hours ago, hunter77ah said:

Anyone else see that Jack is out?

I have no idea of the details on this but…If you know Jack Springer you know what a great guy he is. Everytime I’ve bumped into him whether it be at a boat show across the country or at the factory, he always has time for you. He never try’s to cut you short or seem uninterested and wants to know about you. Very approachable guy for that level of management. Awesome guy that will be missed at Malibu/Axis. 

[asp13]

11 hours ago, hunter77ah said:

Anyone else see that Jack is out?

And the stock down 10% with the news.

I like this around $40 a share, if it goes below that support it could be ugly. Will keep it on my watch list.

[The Hulk]

Ooops

[dizzygti]

Anyone get in below $40?  

[BlindSquirrel]

I don't know if $40 is the buy spot anymore, knowing what we know based on the latest report with volumes and profit. Looks like Aug 2019, so pre pandemic, it was trading in the high $20s, peaked at $49 then covid hit. 

[rennis]

Read this powerpoint deck today and thought of this conversation.  This is a couple years old but you can see some parallels.   Expert take down of Peloton's doofus ex-CEO by a PE investor

https://www.blackwellscap.com/wp-content/uploads/2022/02/BW_Peloton_Presentation_Feb072022.pdf

[bamabonners]

Haven't checked in for a while.  How's it looking for the tow boat industry? I imagine it rough right now... Obviously, it's to be expected in this time with high interest rates and inflation. Next earnings report in a few weeks.

[dizzygti]

10 hours ago, bamabonners said:

Haven't checked in for a while.  How's it looking for the tow boat industry? I imagine it rough right now... Obviously, it's to be expected in this time with high interest rates and inflation. Next earnings report in a few weeks.

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

[Jhucke]

https://www.tradeonlytoday.com/manufacturers/lawsuit-filed-against-malibu-boats

 

[bcoppess23]

1 hour ago, Jhucke said:

https://www.tradeonlytoday.com/manufacturers/lawsuit-filed-against-malibu-boats

 

It's been an interesting day and interesting reads:

 

[MJHSupra]

Dang, stock hit the 52 week low today during trading @ $36.06

[oldjeep]

1 hour ago, MJHSupra said:

Dang, stock hit the 52 week low today during trading @ $36.06

35.06.

[amartin]

2 hours ago, MJHSupra said:

Dang, stock hit the 52 week low today during trading @ $36.06

Yes it is a 52 week low, but it is also about a 200 week low!

[DAI]

Raymond James downgrade today, telling investors they should “wait on the sidelines”

[oldjeep]

12 minutes ago, DAI said:

Raymond James downgrade today, telling investors they should “wait on the sidelines”

I'll admit that I have never understood how the market for boats that cost what a starter house costs would not be a quickly saturated market.