One perspective on the current used boat market

[Dave S]

From the Boston Globe.

http://www.boston.com/news/local/ma.../14/many_boat_owners_struggling_to_jump_ship/

 

[fc3]

Good article on "How not to sell a boat." What a great idea! Tell everyone how desperate you are to get rid of it. That you'll take any offer, no matter how ridiculous. These guys are geniuses! It's no wonder they're captains of industry!

Good job of talking to the boston globe. Nothing like pouring some gasoline on the fire. You just know that the reporter is there to help you and not make things worse. Right? Right?!

Best regards,
Frank

 

[Bridog]

:smt089boo hoo hoo:smt089 Another good one DoomsDave:smt043You must be alot of fun around the marina.:thumbsup:

 

[beachcombersc]

this ones not much better....

I may short sell my 280 to buy some stock!!!

http://seekingalpha.com/article/48568-marinemax-on-shaky-ground

 

[SearayPaul]

If your desperate send me a message. I know what I want and am always glad to make a deal.

 

[unlvrebel]

this ones not much better....

I may short sell my 280 to buy some stock!!!

http://seekingalpha.com/article/48568-marinemax-on-shaky-ground

This article is a little old - October 2007. Anyone done any analysis on their most recent financial statements?

 

[beachcombersc]

This article is a little old - October 2007. Anyone done any analysis on their most recent financial statements?

I did notice that after I posted. I didnt think it was that too far back so I left it alone. But thanks for pointing that out...

 

[billandamy]

"But last year, he said, he paid $2,000 for his slip and barely used the boat at all. With gas prices hovering around $4 a gallon last summer, Eldoueihi said a full tank of gas cost him "one week's pay" - or roughly $600 - way too much for him to swallow."

Not trying to be mean, but someone who makes $600/week and 3 kids maybe shouldnt have boating as a hobby? :huh:

 

[Bridog]

Not trying to be mean, but someone who makes $600/week and 3 kids maybe shouldnt have boating as a hobby? :huh:

Wow Bill your really mean. Did you win the "lottery of life"?

 

[billandamy]

I really didnt mean it the way it sounds, but really...boating is one of the more expensive hobbies to take up. If you are making $600 week, and have 3 kids, it just isnt something I can see spending so much money on? No wonder people have to bail out of stuff like this. Borderline affording it to begin with.
Of course, his wife could be a neurosurgeon and throw off all my calculations :smt001

 

[Bridog]

Bill, I know what you mean. I'm just poking a little fun at some of the comments made at a Diesel thread.

 

[highslice]

Not trying to be mean, but someone who makes $600/week and 3 kids maybe shouldnt have boating as a hobby? :huh:

I had the exact same thought...Just didn't want to put words to it and have eveyone think I'm an a$$, being new to the forum and all!:smt043 Back when I was making $600/week, gas was $0.89/gallon and buying a boat never occured to me...feeding my kids did though!

 

[Woody]

I doubt that it's just the guys with small incomes that have pushed the line and now while reflecting say "sh_t".

 

[billandamy]

Bill, I know what you mean. I'm just poking a little fun at some of the comments made at a Diesel thread.

:smt001 On this site? Is it worth a good read?

 

[billandamy]

I had the exact same thought...Just didn't want to put words to it and have eveyone think I'm an a$$, being new to the forum and all!:smt043 Back when I was making $600/week, gas was $0.89/gallon and buying a boat never occured to me...feeding my kids did though!

Well, there were periods when I was younger, and I didnt have much fiscal responsibility. :grin:

 

[billandamy]

I doubt that it's just the guys with small incomes that have pushed the line and now while reflecting say "sh_t".

Oh no doubt. I know of some "wealthy" people who if the furnace went tomorrow they would probably be putting it on a credit card to fix.

 

[comsnark]

. . . .well I would put it on a credit card as well. Along with lunch, and bubble gum from the local CVS.

The difference is I pay the bill in full when it comes. . .and the card provides a 1% rebate on all purchases.

Many people today simply do not understand the implications of "no reserve" and "debt".

 

[Four Suns]

uh oh... here he goes again.

 

[fc3]

Pay attention, Gary! You might learn something.

Just what, I'm not sure.

 

[First Born]

:smt009