ATTN: Capital Water Sport - Rancho Cordova CA

[MoneyPity]

Will Tige Survive?
I am concerned about the bigger picture. In the last year Tige has gone thru a couple of layoff's, a plant shutdown and I am sure they are watching expenses as much as they can.

Although they have I think the best products for their price point ( otherwise I would not have bought mine) I wonder what the new facility is costing them. If that place is leased and not owned it has got to be a hell of a drain on cash and next to salaries may be one of their major expenses.

If I am not mistaken, they are now under 100 employees with high overhead and no real residual income with exceptions to some extended service agreement money that the dealer get the bigger chunk out of them.

This is not meant to be mean or a bash on Tige but can they survive the current recession and the nightmare it is causing to many of us. As of yesterday I lost my full time employment with a company I have been with 26 years. 16 with current ownership and 10 with previous owners. At one point when product was a key focus the company did all they could do to keep me. Now I am in a different world. They did not slam the door on me and are treating me as fair as possible but can no longer afford me.

Will this happen at Tige? Can they survive as their dealer organization continues to struggle. I hope for the best for Tige the company, the Tige employee and Tige the boat and all Tige dealers in these tough times. If Tige fails screw the warranty. The boat depreciation will kill us. I really want Tige to be one of the survivors!!!!! . Let's hope Tige can They have the products but the market is ??????.

My dealer has 4 or 5 Tige's they have been trying to move at high discounts for over a year now and they have not moved one. They also sell Azure and Chaparral but are not advertising on the net discounted numbers for those brands. The market they are in is owned by MC, BU. You will see the other key brands but Tige is rare. Those 5 boats have cost to the dealer or Tige or both that to survive Tige and the dealer need to move that stock. Somehow Tige needs to stop the bleeding of cash. They said a while back they had low or no debt. I hope that is still the case. I hope they can handle what is in store for the marine industry as a whole!!!!

Good Luck CWS and Tige worldwide.

[larryueckert]

well da.bell what are we going to do now is there anything in the store worth driving there for ......... that sucks to here about this and i hope tige will be back in sac in no time

[da.bell]

Geez. I was going to have my custom ballast install done too. Had it all quoted and everything from CWS.

We need a Tige dealer in Redding.

The service department is still open and will still accept boats in. They are trying to keep their doors open until July and the service department will stay open as long as they cover their technicians salary.

[da.bell]

well da.bell what are we going to do now is there anything in the store worth driving there for ......... that sucks to here about this and i hope tige will be back in sac in no time

We can get service work done at CWS as long as they have work and the service department is collecting money. After their doors are closed, we will have to have warranty work done by Rancho Marine (do not quote me on this and I will find out. However, if Tige can chime in on this about where we are going to take our boats in for warranty work or even an authorized Tige service center, that would be greate).

[larryueckert]

as for 50% off stuff is there anything that i half to have or the stuff i already have

[Razzman]

Tigé's not the only one, Mastercraft has just layed off off 110 and is making major concessions to stay afloat; http://www.knoxnews.com/news/2009/fe...s/?partner=RSS

Centurion has layed off an entire shift and cut back to three days.

The sad part is it's probably going to get worse.

[ragboy]

The service department is still open and will still accept boats in. They are trying to keep their doors open until July and the service department will stay open as long as they cover their technicians salary.

Well, then I guess I should do the ballast, sounds like they could use it.

[larryueckert]

da bell do you know if they got anymore of the orange tige flags in the shop

[da.bell]

yes, they have tons of flags... About 20 IMO..

They also have Babes Boot Butter and a few other Babes products. Those products are Boat Bright and Seat Conditioner

[MoneyPity]

Tigé's not the only one, Mastercraft has just layed off off 110 and is making major concessions to stay afloat; http://www.knoxnews.com/news/2009/fe...s/?partner=RSS

Centurion has layed off an entire shift and cut back to three days.

The sad part is it's probably going to get worse.

I agree that it will get worse before better. It is not just the boat industry but across all organizations. All of our employees took a 10% hit across the board, 7 layoff's with 0 severance. I was not layed off but knocked down to a part time VP that as I transition my daily responsibilities I will then become an adviser to the CEO for an undisclosed amount of time. 51 hitting 52 shortly is not promising in todays market.

[WakeKing]

I had my biggest sale ever this past Friday. $265K

Time to go King Ranch fishing!

[MTtigekid]

IM A RAGING HOMO!!!!!!!!!!!!! IM GOING TO BURST INTO FLAME AT ANY SECOND

whoa dude.. prolly not the best place to announce that

[Kito]

da bell do you know if they got anymore of the orange tige flags in the shop

Whats the deal with the orange tige flags? What do they look like? Maybe I need one.

[MoneyPity]

Tiger's not the only one, Master craft has just layed off off 110 and is making major concessions to stay afloat; http://www.knoxnews.com/news/2009/fe...s/?partner=RSS

Centurion has layed off an entire shift and cut back to three days.

The sad part is it's probably going to get worse.

How is Skiers choice aka Moomba / Supra doing ?

Has any boat company failed yet ???

In the Elkhart Area of Indiana my dad has told me that soup kitchens are opening for people there. That are is/was RV capitol of the world. Rinker I/O'a ans misc fishing boats are built in Syracuse. I was out that way the day I trashed my tower and a couple of weeks ago and the RV plants in Nappanee,IN and along with Rinker in Syracuse,IN looked like ghost towns. On the main drag thru Syracuse many small shops and cafe's are closed down. The local sports shpt that was mainly for fishing gear and bait is boarded up. We lived on the waters of Lake Syracuse when I was a teen and again when my daughterslived at home and could ski. They woukd visit grandparents and then we hit the lakes. Homes have not lost value on lakefront but in town it is sad. When it warms here I am heading out with boat for a long 4 day weekend to play on something I may sell after the first week of June( 1 last boating vacation) but if things don't work out for me it will be dumped on market sooner to cover mortgace payment for a year +. Tahoe stays, Jwwp stays along with cherry 2000 MUstang Red convertible because in the scheme of thing their market value is at best 4-6 months of ouuse payments and then I have to replace one of them. SO paid for Stang and Jeep will be Last resort. We willkeep one of the two because I will stil need to hunt down a job or two.

Good luck all.

[Razzman]

Holding their own or so they say, of course who knows right? No layoffs yet for either brand, at least not announced. I know the local dealer has about a dozen boats on the lot, and he seems to move a few a week.

Check this deal he has going; http://sfbay.craigslist.org/eby/boa/1051418252.html

You guys should see the local MC dealers lot, seriously, they've got to have 50-60 boats crammed on their lot, maybe more! I don't know how they have survived this long!