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Last year of the Posts?

Discussion in 'Post Yacht' started by BigChief, Jan 7, 2020.

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  1. BigChief

    BigChief New Member

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    Can anyone tell me when the last production of the posts finally came to an end?
    Thanks
  2. C team

    C team Senior Member

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    Post filed for bankruptcy in May, 2011.
    John Patnovic bought Post from bankruptcy in December, 2011.
    Last edited: Jan 7, 2020
  3. Beau

    Beau Senior Member

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    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.
  4. C team

    C team Senior Member

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    There is a 2007 53' for sale in Atlantic City.
  5. Beau

    Beau Senior Member

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    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?
  6. C team

    C team Senior Member

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    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.
  7. Beau

    Beau Senior Member

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    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
  8. Tim Pepin

    Tim Pepin New Member

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    There are 2009 post out there were only four 42's built after 2006 most of the later models were 50's
  9. Beau

    Beau Senior Member

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    Tim, can you back that info up? I thought 2006 was the last hull stamp?
  10. Quality Time

    Quality Time New Member

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    There's currently an '09 42' on Yachtworld.
  11. BigChief

    BigChief New Member

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    That 2009 42 sank, and has been re sold 2x since in very short time frames. Stay away from that....
  12. Beau

    Beau Senior Member

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    Go figure. Any of you other Posties heard of a 2009 hull?
  13. Soulstice

    Soulstice Member

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    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.
  14. Beau

    Beau Senior Member

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    2006 was my understanding also.
  15. Tim Pepin

    Tim Pepin New Member

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    I own a 42’ 2006 & in my search I found an 06, 07 and the 09 that sunk I did see another 09 that was advertised as a new boat zero hours w/warranties on the Cummings engines. I’ve been told by former employees of post that subsequent to 04 most of the focus was on bigger boat production 50-53’
  16. Beau

    Beau Senior Member

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    and the 56' Somethings up with those '09 hull numbers, I think.