Tommy's boats /Malibu lawsuit

[Mjhknox]

Tommy's will most likely go out of business. They were shuffling boats on floor plan between stores and selling outta trust. Huge no no in any industry.

100%. Once they go bad with their lending institution (M&T Bank) and lawsuits start, that is the beginning of the end.

Must have been going on for some time because banks usually try to recover and work with borrowers before the house of cards falls down and lawyers dig in. If there was some type of fraud, that is a different story.


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