Blue Wave Boats are out of business

They aren't out of business, just bankrupt. They'll get bought out and be operating again

Did my Blue Waves value just go up or down

Hope you’re right but there is a dark horizon for boat builders on every tier.
Most enlarged their ops during the shamdemic and took on debt. Those interest resets ain’t going down.

Talking bay boats, they could be with bass boats. Skeeter went under several times until Yamaha bought them.

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They'll get bought out and be operating again

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Probably end up joining the black hole that is the white river marine death spiral.

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dont see how they stay in business. It can't be easy moving $150k bay boats.

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Only $239 a month for 976 months.

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Hope you’re right but there is a dark horizon for boat builders on every tier. Most enlarged their ops during the shamdemic and took on debt. Those interest resets ain’t going down

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This. Same for boat retailers too. It’s pretty bad for them right now.

I was curious since I’ve been impressed with the few I’ve fished, it looks like it went down like this;

Husband and wife founded company years back, made a good boat and grew

Sons took over business from parents when they retired

PE firm from cali approaches them about funding an expansion, promises to be hands off, then fires the two sons once they own the place and start squeezing every dime out of the name, quality nosedives, sons are suing the firm for forcing them out

PE firm is now broke and has filed bankruptcy due to almost exclusively owning things that inflation kills sales for

Decent chance the firm will be forced to sell back to the brothers either as settlement from the lawsuit or bankruptcy

I would estimate the majority of the very visible boat mfgs are now owned by PE. Some will survive but many will belly up due to profits over riding knowledge and quality.