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Old 11-28-2018, 10:58 AM   #125
BandB
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City: Fort Lauderdale. Florida, USA
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Quote:
Originally Posted by sunchaser View Post
BB
One stop at a Ranger Tug rendezvous will tell you they are a very large builder, amongst the biggest in the US. They have a loyal following of hundreds of very smart owners cruising the daylights out of their vessels.

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Actually all that tells me is that they have built lots of boats over the years. Tells me very little about their current state of affairs or financial position. I'd also say that size doesn't necessarily indicate cash available either. They're not among the largest builders in the US at all. Wouldn't be in the top 20, perhaps not top 40. Perhaps big for their type boat.

I'm just saying there are many boat builders that would not have $400k available cash for a payment. None of that disparaging Ranger Tugs at all. Just sometimes easier said than done.

Sears couldn't pay it...lol. Perhaps had they not spent all the money buying back stock.
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