Hunter declares Chpt 11 BK - SailNet Community
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post #1 of 80 Old 04-30-2012 Thread Starter
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Hunter declares Chpt 11 BK

Luhrs Marine Group files for bankruptcy protection | MilitaryFeed.com


another sad day for the industry
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post #2 of 80 Old 04-30-2012
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Re: Hunter declares Chpt 11 BK

What they need is a "bailout!!"
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post #3 of 80 Old 04-30-2012
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Re: Hunter declares Chpt 11 BK

From the article it sounds like the powerboat brands are the ones in trouble and that the Hunter brand is actually doing pretty good. Hopefully it works out that they continue on.

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Re: Hunter declares Chpt 11 BK

Yeah tell them to ask Obama to give 'em some money from his stash!
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Re: Hunter declares Chpt 11 BK

Warranties are jeopardized by any bankruptcy filing. Hunter owners and buyers beware! If the assets are sold the warranties usually become worthless in a Chapter 11. Hunter owners should consult counsel.
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post #6 of 80 Old 04-30-2012
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Re: Hunter declares Chpt 11 BK

That sucks.

I guess it is the survival of the fittest. Either you adapt and evolve, or perish. Like the seas, the new world has no mercy. Our country can't manufacture any more. It is a dangerous time we are in.


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Re: Hunter declares Chpt 11 BK

Another one down. It seems like the fastest way to go broke is to build boats. A lot of good boat builders have gone bust, and we are still sailing their legacies.
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Re: Hunter declares Chpt 11 BK

Copy of the actual filing by the parent company of Luhrs, Morgan Industries.



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post #9 of 80 Old 04-30-2012
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Re: Hunter declares Chpt 11 BK

With the dissemination on the middle class over the last 30 years, there will be no one to buy products of a by-gone era. As one company after another denigrates because we can no longer afford the luxury of pastimes and barely keep the family feed and/or a roof over our heads because politicians and wall street greed, corruption and mismanagement by the CEO's/board of directors, the standard of living as we know it is fading into the sunset.
The boating market has been soft with prices falling on used boats like falling stars from the heavens. Power boaters no longer able to afford the expense of afternoon on the bodies of water with family and friends. We can only dream now by watching "Reality TV" or better yet dream scape during our solitude inside oneself.
The Hunter bankruptcy and others to follow is not like the the 80's during the "Luxury Tax". People back than still had good jobs and money was available. Today's times money is not there, very tight and personal bankruptcy are at a high time for all but most important, job and especially good paying jobs are being dismantle one by one to Walmart standards.
In my marina at least 2 boats are being repossessed each week. What used to be a 5 year wait list, now a slip can be had any day. For us sailors there are desperate attempts to get the young interested in the sport. Look around and one can see the futurity of it all. Attendance is down everywhere one looks. Yacht clubs doing things to attract new members.
After Hunter, I know that Caliber and Valiant have closed their doors, heard that IP, Pacific Seacraft are barely keeping the doors open. American manufacturing in serious trouble.
I hope the future I paint is wrong Dead wrong. One can only hope the sun will once again rise in this great sport.

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Re: Hunter declares Chpt 11 BK

Quote:
Originally Posted by CapnBilll View Post
Another one down. It seems like the fastest way to go broke is to build boats. A lot of good boat builders have gone bust, and we are still sailing their legacies.
If they are good boat builders, why people don't buy their boats.

I am just sayin'


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