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Re: the future of Ranger? [Re: 206champion] #11275881 12/11/15 01:58 PM
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Originally Posted By: 206champion
We shall see


Yep. The "everything's gonna be ok" crowd might be in for an eye opener.


Keep the Lord in your heart and keep your powder dry.
5:5
Moritz Chevrolet - 9101 Camp Bowie W Blvd, Fort Worth, TX - Monte Coon (817) 696-2003
Re: the future of Ranger? [Re: Tubby] #11275903 12/11/15 02:07 PM
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All theories right now. Yall have fun with them.

Re: the future of Ranger? [Re: Mark Jones] #11275996 12/11/15 02:51 PM
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Originally Posted By: Mark Jones
The reality here is that we are all lacking the inside details/facts related to this acquisition and simply speculating at this point with regards to the future. The other piece of reality here is that Ranger was broke and nabbed by an MA firm to clean up and make ready for sale. Along comes Johnny Morris, who isn't broke, to purchase them and somehow now he's the bad guy?

I appreciate the brand loyalty from the Ranger fans but guess what? The business was failing to be profitable and that's been the case for quite some time. If JM can make it profitable and sustain the brand then you all should be supporters in my eyes instead of armchair quarterbacks and critics. 2cents


Maybe I just missed something but I never knew Ranger was broke or not profitable. To my knowledge, Ranger never filed bankruptcy. Their parent company (Genmar) did and sold Ranger to Platinum Equities who then sold Ranger to Bass Pro.

Re: the future of Ranger? [Re: Mark Jones] #11275998 12/11/15 02:52 PM
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Originally Posted By: Mark Jones
If JM can make it profitable and sustain the brand then you all should be supporters in my eyes instead of armchair quarterbacks and critics. 2cents


I agree.

This fact along with reading JM's letter I think clear that additional profitability will come from sharing resources and suppliers. Manufacturing and design will still be separate, but management will be streamlined as with any merger and you will see cost savings through sharing of the supplier chain (Nitro & Ranger sharing parts). I think this is the only path to profitability because I don't see much potential with increasing the price points. Ranger is already leading the price points and additional production while sharing Nitro parts won't make an easy sell of higher price.

Re: the future of Ranger? [Re: Troyz] #11276003 12/11/15 02:54 PM
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Originally Posted By: Troyz
Originally Posted By: Mark Jones
The reality here is that we are all lacking the inside details/facts related to this acquisition and simply speculating at this point with regards to the future. The other piece of reality here is that Ranger was broke and nabbed by an MA firm to clean up and make ready for sale. Along comes Johnny Morris, who isn't broke, to purchase them and somehow now he's the bad guy?

I appreciate the brand loyalty from the Ranger fans but guess what? The business was failing to be profitable and that's been the case for quite some time. If JM can make it profitable and sustain the brand then you all should be supporters in my eyes instead of armchair quarterbacks and critics. 2cents


Maybe I just missed something but I never knew Ranger was broke or not profitable. To my knowledge,

Ranger never filed bankruptcy. Their parent company (Genmar) did and sold Ranger to Platinum Equities who then sold Ranger to Bass Pro.


Wow, unreal thinking

Re: the future of Ranger? [Re: Tubby] #11276062 12/11/15 03:10 PM
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whats unreal?

Re: the future of Ranger? [Re: Tubby] #11276106 12/11/15 03:28 PM
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Ranger did file bankruptcy!
Ranger was bought out of bankruptcy from Genmar.
https://en.m.wikipedia.org/wiki/Genmar_Holdings

Last edited by Tubby; 12/11/15 03:29 PM.
Re: the future of Ranger? [Re: Tubby] #11276148 12/11/15 03:54 PM
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Originally Posted By: Tubby
Ranger did file bankruptcy!
Ranger was bought out of bankruptcy from Genmar.
https://en.m.wikipedia.org/wiki/Genmar_Holdings


Wikipedia is not the most reliable source of information, but your reference indicates Genmar was in bankruptcy, not Ranger. Ranger was one of the many companies owned by Genmar.

Re: the future of Ranger? [Re: Troyz] #11276164 12/11/15 04:03 PM
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Originally Posted By: Troyz
Originally Posted By: Tubby
Ranger did file bankruptcy!
Ranger was bought out of bankruptcy from Genmar.
https://en.m.wikipedia.org/wiki/Genmar_Holdings


Wikipedia is not the most reliable source of information


Wikipedia not perfect and maybe not most reliable, but certainly one of the more reliable sources. it is peer reviewed with multiple authors, not a one sided news report, article, or even encyclopedia. Wikipedia has no financial stake or preferences, its goal is only facts and truth, although it might take some revisions to get there.

Re: the future of Ranger? [Re: Tubby] #11276166 12/11/15 04:03 PM
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Last edited by Tubby; 12/11/15 04:07 PM.
Re: the future of Ranger? [Re: Tubby] #11276257 12/11/15 04:53 PM
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Ranger never filed for bankruptcy, Tubby. Their parent company, Genmar did. Genmar did have to petition the court to pay out over $1 million of pre-petition debt for Ranger and the court approved. PBH then bought 11 boat companies out of bankruptcy from Genmar. Platinum equity then bought the Ranger and Stratos lines from PBH.


"Things turn out best for those who make the best of the way things turn out" - Zachary Troy Schrah - a young man with vision far beyond his years.
Re: the future of Ranger? [Re: Tubby] #11276275 12/11/15 05:03 PM
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I run a skeeter....... frkazoid

Re: the future of Ranger? [Re: Tubby] #11276291 12/11/15 05:13 PM
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That is correct. However, as the article states, Ranger was bought out through the bankruptcy courts.
I see it differently, as I have been involved in some bankruptcy acquitions. It matters not one way or the other, only subjective words.. I feel that Ranger is now in a stronger position than they ever have been as they are free of what I consider " corporate raiders". Johnny Morris did not become wealthy by being so stupid ad to buy out the competition and closing their doors to get rid of them. I believe he bought at a time that they were most vulnerable at being liquidated. ( my opinion only) I feel that Ranger in the future will come out of this stronger than ever. They are such a iconic brand that they will be one of the last to fail now that they are in the hands of someone that truly understands boat marketing rather than private equity groups that will buy any struggling company.

This all my opinion and I firmly believe it.

Re: the future of Ranger? [Re: Tubby] #11276362 12/11/15 06:00 PM
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Agree


"Things turn out best for those who make the best of the way things turn out" - Zachary Troy Schrah - a young man with vision far beyond his years.
Re: the future of Ranger? [Re: Troyz] #11276496 12/11/15 07:21 PM
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Originally Posted By: Troyz
Originally Posted By: Mark Jones
The reality here is that we are all lacking the inside details/facts related to this acquisition and simply speculating at this point with regards to the future. The other piece of reality here is that Ranger was broke and nabbed by an MA firm to clean up and make ready for sale. Along comes Johnny Morris, who isn't broke, to purchase them and somehow now he's the bad guy?

I appreciate the brand loyalty from the Ranger fans but guess what? The business was failing to be profitable and that's been the case for quite some time. If JM can make it profitable and sustain the brand then you all should be supporters in my eyes instead of armchair quarterbacks and critics. 2cents


Maybe I just missed something but I never knew Ranger was broke or not profitable. To my knowledge, Ranger never filed bankruptcy. Their parent company (Genmar) did and sold Ranger to Platinum Equities who then sold Ranger to Bass Pro.


Quibbling over semantics are we? Ok then, if the term broke was too abrasive then let me kindly rephrase. Yes it's true that as the parent it was Genmar's filing but you can't argue the fact that Ranger was impacted by all of the same issues at that time, layoffs, cuts, lack of sales, etc. You don't end up purchased out of BK and in the hands of PE if all is well.

If you want to stand on principle and argue that Ranger was the best looking turd of the others in the toilet bowl I'll concede that...

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