Tommy's boats /Malibu lawsuit

[Holdmybeer]

Got to think there will be some stellar Malibu deals at Tommy's dealers.


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Go look. I have already seen it on their used inventory. Dealer demos and such are at big discounts 30% range.

[j.mo]

Idk that I exactly believe or agree with the finger pointing In that suit. Tommy’s was expanding like wildfire and buying up almost every dealer here on the west coast.
ie, boulder boats, and the local Sacramento dealer here, I forget their old name.
But now that their debt is big and the house of cards is falling, the lawsuits come out. They seemed just fine splurging on credit, or cash reserves for expansion, and taking the boats until the gettin wasn’t good anymore..

I’m sure the truth is somewhere in the middle, I can see Malibu doing exactly that, pumping numbers like the auto manufacturers and home builders do.


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[Mjhknox]

interestingly tho tige has been gone since 2017, supra for a decade I understand and moomba at least 7 years ago and no one has stepped in to pick them up. I know that germaine marine has locations all around us(hours away) and knowing how big they are with both brands, I wonder if they have the market somewhat "locked" and no one can.

some rough seas ahead for 'bu I would guess especially with them being a public company but they have the ability to bury 'bu issues deep into the finances IF their other brands are showing profits.

Probably spot on with “locked” dealer market. I’ve heard that about some FL places too, where MC, BU, or Naut would have the presence and dealers, so SC would have a harder time breaking into that share.

Tige never took off in the Knoxville market either. They just switched dealers to a smaller lake market about 100 miles farther out.

I assume some TN buyers have “brand loyalty to MC, BU, and SC since they are made here.


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[Mjhknox]

Malibu stock is now at a 52 week low.

It went down after the last earnings call.

Dropped more after the market started to signal interest rates may not drop more this year.

Dropped more after they made an announcement about this law suite.

May or may not make more movements after the upcoming earnings call and outlook.


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[sandm]

I see a lot of good deals coming up on 'bu products.
if they spend any length of time dropping prices/raising incentives to boost sales at the expense of margins it's going to likely push all builders into a similar strategy.

[larry_arizona]

Tommy's is no longer a Malibu dealer, who is currently selling/servicing Malibu boats?

Tommy's has a big footprint in Michigan with at least 4 dealers. It's not like there is a pool of dealers ready to take on Malibu.





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[KnoxMojo]

Saw something that Malibu is actively searching for dealers. Someone already picked up Chattanooga

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[MJHSupra]

Saw something that Malibu is actively searching for dealers. Someone already picked up Chattanooga

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Is anything going on with the Knoxville location?

[KnoxMojo]

Was told Knoxville will be open until at least the end of the year, beyond that, they don't know.

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[larry_arizona]

Found a new Michigan dealer that picked up Malibu/Axis.

Gull Lake marine

All 3 Tommy's in Michigan are full with
2023 and 2024 inventory


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