Pacific Seacraft Bankrupt - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > General Interest > General Discussion (sailing related)
 Not a Member? 


Reply
 
LinkBack Thread Tools
  #1  
Old 05-24-2007
Senior Moment
 
Join Date: Aug 2006
Location: Michigan
Posts: 222
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
RickBowman is an unknown quantity at this point
Pacific Seacraft Bankrupt

edited out

Last edited by RickBowman; 01-13-2008 at 08:01 AM.
Reply With Quote Share with Facebook
  #2  
Old 05-24-2007
TSteele65's Avatar
Ne'er Do Well
 
Join Date: Oct 2006
Location: Maryland
Posts: 563
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 8
TSteele65 is on a distinguished road
That would explain why the website has been down for months...
Reply With Quote Share with Facebook
  #3  
Old 05-24-2007
Senior Member
 
Join Date: Jun 2006
Posts: 2,394
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 11
cardiacpaul is a jewel in the rough cardiacpaul is a jewel in the rough cardiacpaul is a jewel in the rough
so.... what happens to saga, if anything
__________________
We are not primarily on earth to see through one another, but to see one another through

Some people are like slinkies: not really good for anything... but you can't help laughing when you push them down the stairs
Reply With Quote Share with Facebook
  #4  
Old 05-24-2007
Cruisingdad's Avatar
Best Looking MALE Mod
 
Join Date: Jul 2006
Location: Mobile Liveaboards
Posts: 9,894
Thanks: 3
Thanked 97 Times in 52 Posts
Rep Power: 10
Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough
Ouch.

Great boats. Very similair to Valiant. I know they had trouble many years back... not sure about the bankrupt thing though. I think they are like 2 years out now!! Not sure if that is true, just what I heard.

Goes back to that discussion on boats, their costs, and how very expeisive our lifestyle is. Hope they can stick around.

- CD
__________________
Sailnet Adminstrator & Moderator
Catalina 400 Technical Editor

2004 Catalina 400, Sea Mist IV (our boat, F/T Mobile Live Aboards in S FL and Keys primarily)
1987 Tayana Vancouver 42, Credendo Vides, (Mom and Pops boat, F/T Mobile Live Aboards in Puget Sound)

My Website:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Follow My Blog at:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Follow me on Facebook:

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #5  
Old 05-24-2007
Jeff_H's Avatar
Moderator
 
Join Date: Feb 2000
Location: Annapolis, Md
Posts: 6,542
Thanks: 5
Thanked 85 Times in 65 Posts
Rep Power: 10
Jeff_H has a spectacular aura about Jeff_H has a spectacular aura about Jeff_H has a spectacular aura about
What's amazing to me is that this is a company with a solid reputation, a cult following, low tooling costs since they have been producing the same designs since the bronze age, years long waiting lists, and they still are going belly up. It would seem to me that if any small builder should have been making moneym they should and so if they can't make it, I would think it next to imposible for any small US builder to make it.

Jeff
Reply With Quote Share with Facebook
  #6  
Old 05-24-2007
snider's Avatar
Senior Member
 
Join Date: Jun 2006
Location: Charleston, SC
Posts: 284
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
snider is on a distinguished road
I agree Jeff

Yeah you would think if any builder would make it they would. There boats definetly are not what most builders are building, therefore they should have a market. On the other hand, how many people can afford a brand new PSC and to go cruising for a few years. I have always loved there boats and plan on buying a well used 34 soon. Would be nice to have an active manufacturer.
Reply With Quote Share with Facebook
  #7  
Old 05-24-2007
Cruisingdad's Avatar
Best Looking MALE Mod
 
Join Date: Jul 2006
Location: Mobile Liveaboards
Posts: 9,894
Thanks: 3
Thanked 97 Times in 52 Posts
Rep Power: 10
Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough
What happened is that the sailing community finally started listening to ole CD and realized a Catalina is the boat to buy!!!

Ahh, the glory. I am a truly wonderful person. I think I will change my name to GD: GhandiDad. (smile)

- CD
__________________
Sailnet Adminstrator & Moderator
Catalina 400 Technical Editor

2004 Catalina 400, Sea Mist IV (our boat, F/T Mobile Live Aboards in S FL and Keys primarily)
1987 Tayana Vancouver 42, Credendo Vides, (Mom and Pops boat, F/T Mobile Live Aboards in Puget Sound)

My Website:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Follow My Blog at:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Follow me on Facebook:

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #8  
Old 05-24-2007
niko's Avatar
SARANDIS 54380
 
Join Date: Feb 2006
Location: Vancouver, BC, Canada
Posts: 17
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
niko is on a distinguished road
Historically, how many boatyards have survived Chapter 11?
What are the odds here?

I mean, one can restructure and screw one's creditors in the process, but unless the fundamentals change, one will simply start digging a fresh hole..

N --
__________________
Niko, SARANDIS 54380, VARC 7 |
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Να μας πάρεις μακριά, να μας πας στα πέρα μέρη
φύσα θάλασσα πλατιά, φύσα αγέρι φύσα αγέρι

~ Διονύσης Σαββόπουλος
Reply With Quote Share with Facebook
  #9  
Old 05-24-2007
Junior Member
 
Join Date: Feb 2004
Location: Annapolis, MD
Posts: 12
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Wendy is on a distinguished road
I bought a new to me Pacific Seacraft a week ago, so I am pretty bummed about this. Hopefully the company will emerge from Chapter 11 stronger with an improved business model. Regardless, I know I have one of the finest boats built and I don't regret having chosen a PSC. These boats aren't for everyone- they were never intended to be. For those with the courage and desire to go anywhere anytime, it would be hard to find a better boat to take them there. They are truly handmade American works of art and it would be sad indeed if he company is unable to continue operations. I really want to see one of the Perry 38's they are planning to produce.

This isn't about "should have bought a Catalina". There are people's livelihoods at stake here, there are people with a significant investment of time and money who would hope to have continued factory support, and there are people who have ordered boats in production who's investment and dreams are now just a little bit threatened.

Let's hope this works out for the best.

Wendy
__________________
PSC37 #266
Night Reach
Reply With Quote Share with Facebook
  #10  
Old 05-24-2007
Jeff_H's Avatar
Moderator
 
Join Date: Feb 2000
Location: Annapolis, Md
Posts: 6,542
Thanks: 5
Thanked 85 Times in 65 Posts
Rep Power: 10
Jeff_H has a spectacular aura about Jeff_H has a spectacular aura about Jeff_H has a spectacular aura about
I have been thinking about this since last I wrote. After noodling this around for a while I can see a number of problems that Pacific Seacraft may have faced. At some level Pacific Seacraft is a victim of their own success and business model. Because Pacific Seacraft's model's have stayed in production for a very long time they are in the unenviable position of competing with thier own boats.

Over time Pacific Seacrafts have gotten more expensive, but they haven't improved all that much. They may have improved build quality quite a bit since the late 1980's and early 1990's, but the designs have not improved at all. But in the period since these boats were first penned, our understanding of what makes a comfortable, easily handled seaboats really has changed.

So as I think about it, they start out dealing with a narrow portion of the market that is looking for an out of date offshore cruising design, and then they are stuck trying to sell the newer boats for two or three times what their own older boats are selling for. Even if you consider the perhaps $100K cost that it could take to properly rejuvinate one of the older boat to a condition adequate for prolonged offshore usage, the old boats are still something of a bargain when compared to the newer boats, that is if you assume that there is still a market for these older designs.

And of course I can see how this could lead to a kind of a death spiral where competion with their own bargain priced boats of identical design makes it hard to raise costs commensorate to what these boats cost to produce, and as prices go up production numbers go down and so supplier quantity discounts go down and prices need rise further.

I hate when that happens.
Jeff
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Pacific Seacraft - What happened martyrl Ericson 4 04-16-2011 10:54 AM
Pacific Seacraft kwaltersmi Boat Review and Purchase Forum 20 02-27-2009 03:15 PM
Poor 'none' Factory Response RickBowman Pacific Seacraft 35 01-28-2007 10:52 PM
Pacific Seacraft 25 newsailer2000 Boat Review and Purchase Forum 1 06-03-2004 07:01 PM
Pacific Seacraft CherylannJohn Boat Review and Purchase Forum 3 04-03-2004 02:57 PM


All times are GMT -4. The time now is 12:52 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.