Anyone know the story on Hunter's Finances

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discovery

discovery

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Feb 6, 2010
154
hunter passage456 kemah
Sorry but I expected to see some posts about Hunter and where they are at financially? I have owned 6 boats so Im a big fan not a basher, but No adds, not presenting at the Miami boat show, not making good on waranty work, not paying agreed promotion checks to buyers. Hasnt anyone on this forum been curious about the fact that they potenially might go out of business? Or not? I would love to hear some good news about Hunter. Hope things arent as bad as they seem. Lets get some info out there for us current owners.
 
Don S/V ILLusion

Don S/V ILLusion

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Sep 25, 2008
7,497
Alden 50 Sarasota, Florida
Before we go nuts on the basis of a couple of issues, at least one of which we have heard only one side of the story, I'd suggest we refrain from feeding the rumor-mill. Hunter was certainly well represented at the St Pete boat show last month with a reasonable sales volume given the economy.
Having neither heard or seen any evidence of difficulty, why should anyone presume there is a problem?
 
Phil Herring

Phil Herring

Alien
Mar 25, 1997
4,923
- - Bainbridge Island
I've been in touch with folks I know at Hunter lately and I'll post something as soon as I can, either later tonight or tomorrow. Short version: tough year, but the company plans to be around for a long time.
 
Scott B

Scott B

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Sep 20, 2006
2,952
Hunter 33 Georgian Bay, Ontario, Canada
IRC, it's the dealers that pay for the boat shows, not Hunter (?), Hunter dealer was at the Toronto show with the brand new 39, a 26, 41DS and the new 50cc. Hunter was also represented at Chicago Strictly Sail.

There's always 2-3 sides to every story and mostly we've heard one side and part of another.

I might also add, I spoke with the new owner of a 2010 new Hunter 39 at the Toronto show that had their boat delivered in Florida by the Toronto dealer, without a hitch. She was ecstatic to say the least.
 
G

Graysailor

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May 22, 2004
121
Hunter h41 San Francisco
In the rumor mill. I heard that Hunter was having problems because of their power boat division. Just a rumor. First hand as of late I have seen no problems with Hunter. However, the local dealer has only sold a few small boats in the last year or so and he is a pretty big volume dealer.
 
discovery

discovery

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Feb 6, 2010
154
hunter passage456 kemah
John12439 said:
In the rumor mill. I heard that Hunter was having problems because of their power boat division. Just a rumor. First hand as of late I have seen no problems with Hunter. However, the local dealer has only sold a few small boats in the last year or so and he is a pretty big volume dealer.
Click to expand
As I said I want them to do well, but that post on them not paying the balance of the promotion checks, and the dealer telling me that they stopped paying the interest on the floorplans sure worried me
 
T

TonyW

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May 16, 2004
36
Hunter 41 Trident Yacht Club
I have information that there are 5 owners remaining waiting for 3-4 payments. They will be looked after, a couple of owners that have posted have in fact been paid in full, it would be great if those owners would acknowledge this in the forum.

The recession has hurt all manufacturers, Hunter have a slight advantage due to sales outside of the U.S. and N. America. Yes it is slow and the workforce has been reduced to help weather this storm.

I am an owner who is also waiting for some funds to assist me in completeing warranty work not finnished by my dealer who went out of business. This dealers demise was just prior to the recession and nothing to do with Hunter sailboats or Hunter Marine.

Am I going to be fully reimbursed? time will tell, I do know that as soon as funds are available they will be sent to me, and thats the faith I have and put into Hunters hands.
I am trusting the folks at Hunter will do the right thing even if it takes a little longer than we think it should.

Tony
Kingfisher II
 
Ed Schenck

Ed Schenck

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Jun 2, 2004
5,802
Hunter 37-cutter, '79 41 23' 30"N 82 33' 20"W--------Huron, OH
Hunter as most of you know is part of Luhrs, a huge marine company( http://www.luhrsmarinegroup.com/legend.htm ). Pretty sure it is privately held making it very difficult to understand the financials. But considering the times and their product line let us hope that sailboats survive. I have been to the Alachua plant and know some of the management. A more dedicated crew will not be found. Must be killing them to not have cash flow.
 
Ron McCoy

Ron McCoy

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Oct 10, 2008
277
Catalina 445 Yorktown
I too hope for the best at Hunter. They're an ESOP (employee owned) company. You won't find any fiinancial info posted on the web (SEC filiings, etc.) as a result since they're not publicly traded. Let's hope the country gets back on its feet soon and people once again have enough dough to get back into boating. Hunter is a fine company that well serves the production-boat market. I just wish they'd be a little more frank with their supporters.
 
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