Bad news for MALIBU

[Jetrey]

This economic meltdown is hitting hard and we havn't seen the worst of it! check WW for the post about malibu. I dont know how to attach a link. It says the merced, ca plant in 07' was rolling out 8 boats a day now their down to 1 a day. and laying off 150+ of its 200 employees. Hey TigePigeon can you give us an idea of how Tige' is doing? I hope better than the rest of the industry, Hang in there!

[MoneyPity]

This economic meltdown is hitting hard and we havn't seen the worst of it! check WW for the post about malibu. I dont know how to attach a link. It says the merced, ca plant in 07' was rolling out 8 boats a day now their down to 1 a day. and laying off 150+ of its 200 employees. Hey Tige Pigeon can you give us an idea of how Tige' is doing? I hope better than the rest of the industry, Hang in there!

If you read the whole in ital thread Malibu by law is required to document and file a notice with the government and the employees 60 days advance notice. At this time they have not made deep cuts from what I could see digging thru Internet Posts and not user groups so one is pending but how bad is to be seen.

Malibu is one many other boat companies that need to ride out the storm. IMO bass boats that are so overpriced, at least one inboard company and a couple of companies that have multiple brands like Gen mar where there brand overlap may cause them to drop on of 4 runabout style boats.

[chpthril]

Post from Ben:

http://www.tigeowners.com/forum/showthread.php?t=9082

[MoneyPity]

I saw that post when it came out which speaks well for Tige Management. I cannot believe the $100 a boat rent for that facility. That is one astute business man getting a deal like that. Rent or lease payments are one of the top 5 expenses companies have.

1-Salaries
2-Medical Coverage
3-Rent or Lease
4-Inventory (cost of goods sold)
5-Phone Bills

[Wake Bandits]

IMO bass boats that are so overpriced, at least one inboard company and a couple of companies that have multiple brands like Gen mar where there brand overlap may cause them to drop on of 4 runabout style boats.

Ain't that the truth.
I've always felt they are 100% overpriced or double what they should retail for.
The Bass Boat builders either have to reduce to realistic, reasonable prices, or they will fold.

[KonaKing]

Ain't that the truth.
I've always felt they are 100% overpriced or double what they should retail for.
The Bass Boat builders either have to reduce to realistic, reasonable prices, or they will fold.

Isn't all relative. When your paying 70k plus for a wake boat what is 50k for a bass boat with a 225 hp motor. It's all about what you want. So the same can be said in all markets. Everything was over priced from housing to RV's be it boats or motor homes. These are things we can live without and that is why the bottom is falling out of the market. IMHO

[Jeffe]

The biggest problem is that you were on wakeworld...

[highrock]

Bass boats are really not that overpriced. Margins on them are less than Wake Boats.
You have to sell 2.5-3 Bass boats to make the profit you do on a wakeboat.

[FacePlant]

Isn't all relative. When your paying 70k plus for a wake boat what is 50k for a bass boat with a 225 hp motor. It's all about what you want. So the same can be said in all markets. Everything was over priced from housing to RV's be it boats or motor homes. These are things we can live without and that is why the bottom is falling out of the market. IMHO

What he said.

[SPBFAN]

HMMMM!!! I think this weekend will be very interesting. I don't think this is over yet and I think the ECO will retract some more yet this summer. Then OBAMA will spend some more of our money.

[zad0030]

WRONG!

By law they had to send letters to everyone at the Merced plant warning of the possiblity of layoffs in the next 60 days.

Malibu is the only watersports manufactuer to not stop production.

They also say they will re-hire any workers and workers that would get laid off, if it comes down to that.


Also the plant in Tennessee has more business right now. There is more demand for boats in the Midwest to East than in the West.

[ekag]

The biggest problem is that you were on wakeworld...

I like WW, it has more variety.

TigeOwners gets booooooooring with the same ole humdrums day in and day out.

[FacePlant]

Haha, you said humdrums......

[ImaPigDog]

I like WW, it has more variety.

TigeOwners gets booooooooring with the same ole humdrums day in and day out.

Jakeworld is probably a better place for you to hang out then.

[Kito]

^^^^ Hahahahaha, thats funny PDOG.