harbormaster
10-20-2008, 04:02 PM
The folks at Mercruiser corp seem to think that they have the only game in town. Fueding between reman, racing and Mercury seems to be rampant. This is all at the expense of their dealers and customers
Brunswick who owns Mercury lets them run themselves right into the ground. I hate to be negative but I hope they get what they deserve.
A lot of good people in the trenches for Merc will get the axe while the execs who are responsible for the decline will keep their jobs to the very end.
Its time for another company to rise up and produce a better quality product.
SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Friday lowered Brunswick Corp.'s (BC (http://www.marketwatch.com/quotes//bc): Brunswick Corporation long-term ratings, including its corporate credit rating and senior unsecured debt rating to BB- from BB+. The ratings were also placed on CreditWatch with negative implications, indicating the possibility of a further downgrade in the near term. "The ratings downgrade and CreditWatch placement are based on unprecedented economic pressures on recreational marine demand caused by consumer sentiment, high fuel prices, shrinking credit availability, and the effect of financial market instability in reducing non-financed sales," said Andy Liu, an S&P analyst. "We are also concerned about the effect of market conditions on Brunswick's dealer base," Liu added. S&P said although it had expected demand for recreational marine products to decline for the rest of 2008, the financial market turmoil has accelerated that decline in September.
Brunswick who owns Mercury lets them run themselves right into the ground. I hate to be negative but I hope they get what they deserve.
A lot of good people in the trenches for Merc will get the axe while the execs who are responsible for the decline will keep their jobs to the very end.
Its time for another company to rise up and produce a better quality product.
SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Friday lowered Brunswick Corp.'s (BC (http://www.marketwatch.com/quotes//bc): Brunswick Corporation long-term ratings, including its corporate credit rating and senior unsecured debt rating to BB- from BB+. The ratings were also placed on CreditWatch with negative implications, indicating the possibility of a further downgrade in the near term. "The ratings downgrade and CreditWatch placement are based on unprecedented economic pressures on recreational marine demand caused by consumer sentiment, high fuel prices, shrinking credit availability, and the effect of financial market instability in reducing non-financed sales," said Andy Liu, an S&P analyst. "We are also concerned about the effect of market conditions on Brunswick's dealer base," Liu added. S&P said although it had expected demand for recreational marine products to decline for the rest of 2008, the financial market turmoil has accelerated that decline in September.