SailNet Community - View Single Post - Pacific Seacraft
View Single Post
Old 08-11-2007
Melrna's Avatar
Melrna Melrna is offline
Crazy Woman Boat Driver
Join Date: Apr 2004
Location: New Bern NC
Posts: 804
Thanks: 16
Thanked 17 Times in 14 Posts
Rep Power: 12
Melrna will become famous soon enough
Send a message via AIM to Melrna Send a message via Yahoo to Melrna
With the new bankruptcy laws that changed 2 years ago, the prognosis of a company coming out of it are less than ever. Congress change the laws after many companies that were somewhat solvent went into bankruptcy (Northwest airlines for example) to shed debt and restructure labor cost. Not declaring all debtors is a big no no. So I hate to say but it doesn't look good. I think it would be a huge lose for the sailing community if they went under. I am sure the other boat builders are smiling in particular Sabre, Valiant, IP and Caliber. If I had a cyrstal ball, it would say Valiant would buy the molds to round out their production line.
Reply With Quote Share with Facebook