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Oyster Yachts in Financial Administration

Discussion in 'General Sailing Discussion' started by Fishtigua, Feb 5, 2018.

  1. olderboater

    olderboater Senior Member

    Joined:
    Sep 2, 2013
    Messages:
    6,631
    Location:
    Fort Lauderdale
    It wasn't doing all that well before the keel fell off. Clearly that exacerbated their problems, but they suffered from low margins and poor overall performance. As to paying due bills, we don't know if he assumed any of the past debt or not. In most cases one purchases the assets but not the business and not the debt. He is bringing in some with previous industry experience. There is definitely hope for a turnaround but there are some issues to address to make that happen.
  2. Capt Ralph

    Capt Ralph Senior Member

    Joined:
    Sep 8, 2004
    Messages:
    9,573
    Location:
    Satsuma, FL
    I'm just trying to be positive and hopeful.
    Oyster has had a good line. I'm tired of companies folding when I'm in a good mood.