Hunter declares Chpt 11 BK - Page 8 - SailNet Community
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post #71 of 80 Old 05-02-2012
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Re: Hunter declares Chpt 11 BK

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Sequitur is a Hunter 49 that is more than half way around two continents right now. Not exactly entry level.
Sorry if my post is misleading, I said that they provide a decent entry level boat, BUT.....I did not expand on the rest of their line.......However, the part where they deliver the most boat for the buck still applies
Hunter builds boats from 15 to 50 feet with an emphasis on entry level boats.
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post #72 of 80 Old 05-02-2012
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Re: Hunter declares Chpt 11 BK

Now I understand Paulo! It's just that in English the word "American" always means USAian . In Brazil USAians are called "norteamericanos", which is even more confusing because Canadians also think of themselves as "North Americans". Brazilians don't call themselves Americans, nor do Argentines. In fact, we now think of ourselves as "Mercosul". Confusing enough?? Anyway, I suppose we also lump all of you guys together as "Europeans" ... But it still stands that Argentina has terrific nautical engineers and designers and seem to have an influence world-wide far in excess of their small population.

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post #73 of 80 Old 05-02-2012
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Re: Hunter declares Chpt 11 BK

Interesting: if you do a search for their major creditors it's all financing and business services - not nuts and bolts or boat bits. Don't know enough about Chap11 filing to know if that's the norm or not.
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post #74 of 80 Old 05-03-2012
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Re: Hunter declares Chpt 11 BK

It's a shame about Hunter, but not a surprise given the economy. When real estate values plummet and unemployment soars, the toys are the first thing to go. Seriously, have you priced a new boat lately? It would take someone with a very large savings account or immense job confidence to sign on for a new boat these days. Unfortunately there are a lot less folks in that position today. Add in fuel costs for power boaters and it's like the final nail in the coffin. I hope they survive, their interiors are very nice.

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post #75 of 80 Old 05-03-2012
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Re: Hunter declares Chpt 11 BK

I know this is probably heretical to say here, but is it really so horrible that fewer people will be boating? I actually enjoy having more of the water to myself. Younger people today seem to be more interested in lower overhead sports like kayaking, hiking, rafting, mountain biking, etc. I say let them, I can still sail and have more space to do it in. Owning a large boat is a huge commitment and expense for what is largely a seasonal activity. Maybe people are just making a judgement call that they would rather spend less, work less, and go kayaking or biking rather than sailing or water skiing. I would encourage them to do that, not discourage them.

As far as the doom and gloom about the economy and middle class, we are in a different world than 20 or 30 years ago. In fact it is so different that I am not sure there are any metrics accurate enough to compare the standards of living. Globalization has put downward pressure on salaries of some professions to be sure, however there has also been somewhat of a revolution in everything we spend money on. There are tons of things we would have had to spend money on in the past, which are absolutely free today. That is a trend which is likely to continue. A bigger free economy is a far greater equalizer of opportunity than stone age industrial jobs at a steel plant, mill, or car company. For those who can only see the dark clouds overhead, I really feel bad for you. One day history will look back at this as one of the greatest times of opportunity, and instead of appreciate the very special moment of history we are occupying, instead spent it bemoaning the fact that it is now hard to get a crappy job doing miserable work that pays well.
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post #76 of 80 Old 05-03-2012
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Re: Hunter declares Chpt 11 BK

Luckily we live in The Age Of Fiberglass. Plenty of boats to go around - some are old and in need a bit of work, but then that just separates the men from the boys (or the women from the girls, as the case may be).
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post #77 of 80 Old 05-03-2012
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Re: Hunter declares Chpt 11 BK

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Originally Posted by anthemj24 View Post
I know this is probably heretical to say here, but is it really so horrible that fewer people will be boating? I actually enjoy having more of the water to myself.
This is similar thinking to the people who live in the housing developments being built near me on former farmland, after they get their house, complain about the loss of open space and farmland when the farmer down the road wants to sell his land to a developer so that he can enjoy his retirement.

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post #78 of 80 Old 05-03-2012
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Re: Hunter declares Chpt 11 BK

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is it really so horrible that fewer people will be boating?
A while ago I started reading about all the people dumping their boats due to the economy, so I decided to shop around for a new slip. I found vacancies at every marina in Marina del Rey and was able to negotiate my monthly slip rent down from $ 680 to $ 525. Not bad.

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post #79 of 80 Old 05-05-2012
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Re: Hunter declares Chpt 11 BK

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This is similar thinking to the people who live in the housing developments being built near me on former farmland, after they get their house, complain about the loss of open space and farmland when the farmer down the road wants to sell his land to a developer so that he can enjoy his retirement.

I don't know that it is quite like that. If people are out on the water, I don't spend my time complaining about them. They have every right to use the water, just as I do. I just don't see what is so bad about it being less crowded out there.
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post #80 of 80 Old 05-06-2012
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Re: Hunter declares Chpt 11 BK

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Originally Posted by anthemj24 View Post
I don't know that it is quite like that. If people are out on the water, I don't spend my time complaining about them. They have every right to use the water, just as I do. I just don't see what is so bad about it being less crowded out there.
Marina owners will be feeling squeezed. Fewer power boats out there means lower fuel sales, less revenue from their repair shops and less revenue from slip rentals.

If the double whammy of high fuel prices and a stagnant economy stay in place I'd expect to see some marinas close as well.

Less crowded is nice for a quiet saturday sail, but not so great for the industry as a whole.

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The sail, the play of its pulse so like our own lives: so thin and yet so full of life, so noiseless when it labors hardest, so noisy and impatient when least effective." - Henry David Thoreau
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