Brunswick marine found 66% liable :(

[dingbat]

Re: Brunswick marine found 66% liable

Brunswick would be out of there minds if they did not appeal.

Stating the opposite is by and far the most of base statement ever posted on this forum.

No way have they spent that amount and that amount is actually probably enough to bankrupt them.

They are struggling to survive with lots of closed plants and laid off employees.

Just pay them some stupid number so they go away even though we aren't liable so we die in peace.


WAY TO GO BOATER!!

Layoffs and closures are a tools to protect and preserve the Stock Holders equity. They don?t mean the company is broke or low on cash for that matter. Brunswick reported over $2.6 billion in sales last year and ended up with over $527 million dollars of cash at their disposal.

Here is what the Brunswick CEO stated about the company in Jan. 2010. Pretty optomistic statements considering they're going bankrupt from a $3.2M settlement don't you think?

"During the fourth quarter we continued to successfully execute against our key strategic objectives, which has allowed us not only to remain stable during the worst marine market in decades, but also to position ourselves to take advantage of market opportunities as they evolve," said Brunswick's Chairman and Chief Executive Officer Dustan E. McCoy. "We exited 2009 with $527 million in cash, a stronger dealer network with low inventories, and a leaner company with a significantly reduced cost structure.

 

[DJ]

Re: Brunswick marine found 66% liable

Layoffs and closures are a tools to protect and preserve the Stock Holders equity. They don?t mean the company is broke or low on cash for that matter. Brunswick reported over $2.6 billion in sales last year and ended up with over $527 million dollars of cash at their disposal.

Here is what the Brunswick CEO stated about the company in Jan. 2010. Pretty optomistic statements considering they're going bankrupt from a $3.2M settlement don't you think?

Sales and cash have very little to do with a company's "liquidity" to flush dollars away in a court settelement.

A company can post Billions in sales and have Millions in cash but if those are less than debts-thery're UPSIDE DOWN. Remember the "Tech. Bubble"?

All show and no go. A settlement as this does nothing but put a negative to the bottom line. Sort of like pouring water into a barely floating ship.

It is the CEO's JOB to make the Company look good. That's what they are paid for. The devil is in the details.