Join Date: Jul 2001
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Rep Power: 16
F/Y/I/ (From Saga Mail list... )
I''m glad you liked our new Saga 409, but am appalled by the blatant attempt of this email to do Saga Marine harm.
I have built up the company over the last ten years, and provide a high
quality boat that has brought many people great pleasure. This email of
yours seems deliberately organized to defame the company and hurt
everyone here at Saga.
It misquotes employees who have nothing to gain or loose, and the entire content is misleading. Generally, it is competing brokers who make statements like this, to
steer prospective Saga customers into the products they represent. It does appear that Saga''s new product is so well received in the marketplace that it is threatening other boat companies and their brokers.
Over the last two years many industries, not only boat builders, have suffered because of the failing U.S. economy. Whereas we have had a difficult two years, we have managed to bring out two brand new
excellent products, both of which have been
recognized by our peers. Anyone wishing to buy one of our new products can do so and keep their money entirely safe. Anyone having any concerns can speak to me
The reference made to the first Saga bankruptcy is a cheap shot. This
was a reorganization of the company in agreement with the bank, the suppliers, and the partners, and was reported in "Practical Sailor"
With regard to our current financing, do
you think our lawyers would be lending us money if they thought they were at risk?
The yard is not "in hawk up to its eyeballs" as you suggest.
As far as my owning a Saga product, I have not hidden this fact. My wife and I own Saga 409 Hull#1.
We bought it from the company, and it''s
quite common practice for a boat company owner to sail their own boat.
With the short summers and limited sailing in Lake Ontario, as well as the tax advantages of sailing out of country, we made the decision to take our boat down South. The boat has sailed over 2000 miles since leaving the factory in September, attending the two east coast boat shows, and it will be on display at the Miami "Strictly Sail" Boat Show in February.
Once again, I would like to reiterate that we at Saga build fine yachts and our customers'' money is secure. We have a great reputation with our