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post #7 of Old 08-11-2007
Melrna
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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.
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