Well, first the easy part. Losses for the year US$3.4 million on sales of under $28 million.
Now the boat lines. It's all Eastbay and Palm Beach attitude. The existing lines have been drastically cut back. Only 2 Heritage models and 2 Aleutian left and I'm not holding my breath expecting more of them to be built. You see it all in their new 60' model, the one they're calling a Grand Banks. If you want to look at the design (none finished yet) then here's a link.
60 Grand Banks - New Model | Bluewater Yacht Sales
Interesting that it's not even on their web pages. You have to find it at a dealer's site.
Twin 725 hp Volvo's.
65' overall and weighing only 51,500 lbs. The Aleutian 55, about the same size, weighed 75,000 lbs. Draft 3'6". And not deep enough for a real main deck and a lower deck. Just a small salon up and 2 1/2 staterooms forward and down. More an Eastbay or Palm Beach design than any Grand Banks ever built. So, rather than updating the line they've basically thrown the line out and built a new boat calling it Grand Banks. In my mind it sure isn't.
Oh as I knew would happen, they held the earnings release until the markets were all closed for the weekend. Bury that bad news.
Total market cap was down to US$27.5 million, before the release. We'll see where it is next week.
Now the boat lines. It's all Eastbay and Palm Beach attitude. The existing lines have been drastically cut back. Only 2 Heritage models and 2 Aleutian left and I'm not holding my breath expecting more of them to be built. You see it all in their new 60' model, the one they're calling a Grand Banks. If you want to look at the design (none finished yet) then here's a link.
60 Grand Banks - New Model | Bluewater Yacht Sales
Interesting that it's not even on their web pages. You have to find it at a dealer's site.
Twin 725 hp Volvo's.
The hull and superstructure will be built using the latest technology in composite boat construction using E-Class Corcell and Airex foam, Duflex paneling, stitched multi-axial fabric, vinylester and epoxy resins to produce an extremely strong and lightweight hull.
65' overall and weighing only 51,500 lbs. The Aleutian 55, about the same size, weighed 75,000 lbs. Draft 3'6". And not deep enough for a real main deck and a lower deck. Just a small salon up and 2 1/2 staterooms forward and down. More an Eastbay or Palm Beach design than any Grand Banks ever built. So, rather than updating the line they've basically thrown the line out and built a new boat calling it Grand Banks. In my mind it sure isn't.
Oh as I knew would happen, they held the earnings release until the markets were all closed for the weekend. Bury that bad news.
Total market cap was down to US$27.5 million, before the release. We'll see where it is next week.