Discussion in 'Post Yacht' started by BigChief, Jan 7, 2020.
Can anyone tell me when the last production of the posts finally came to an end?
Post filed for bankruptcy in May, 2011.
John Patnovic bought Post from bankruptcy in December, 2011.
I believe the last year they actually made a boat was 2006? I believe some the few 53's and 56's are of that vintage.
There is a 2007 53' for sale in Atlantic City.
That hull was cast in 2006, I believe. The hull numbers and stated model year often can lag more than a year. Any rate, I think it was around that period the last hull was manufactured. Didn't realize that they had not filed a bankruptcy petition until 2011 - nothing filed earlier?
Post was tied in the courts with the gelcoat issue in 2006/2007 along with Viking. I guess during that time Post decided or could no longer afford to produce boats.
Plus, they were repairing boats under warranty which cost them a ton on money.
I think that's what ultimately put them under - the warranty work. Though a production boat, Post did not build a lot of boats without a contract. So I'm guessing it wasn't inventory that did them in. I heard they went under with a debt to equity ratio of 5/3. But I don't know that for sure. Viking survived because it was a much bigger producer and could absorb the warranty debit better ? And lets not forget the crash of 2008
There are 2009 post out there were only four 42's built after 2006 most of the later models were 50's
Tim, can you back that info up? I thought 2006 was the last hull stamp?
There's currently an '09 42' on Yachtworld.
That 2009 42 sank, and has been re sold 2x since in very short time frames. Stay away from that....
Go figure. Any of you other Posties heard of a 2009 hull?
I wouldn't be surprised if the 2009 was the re-fit year for a listing on Yachtworld and not the HID. My 42' was advertised as a "2003" but had a 2001 HID. The 2003 was from when the boat was finished. I thought that 2006 was the final year of construction.
2006 was my understanding also.