Well, well, Hoosier, I'm all in with how SG'er explained things. Perhaps I'm wishful thinking, however, I can buy that. But there is one piece to this puzzle that has been completely missing, and still is in my notion? The St. Cloud engine manufacturing facility! No mention anywhere on the future of that plant? Or of it being in anyway relative to AC's future? Hmmm? Just what is that all about? Imo, the ability to design, engineer, develop, and produce their 'own', in house power, weather it be 2, or 4 stroke engines, is a big piece of the pie in my book. Especially in today's modular/cell production manufacturing patterns. If I remember correctly, ( my stroke), Textron moved some of their own smaller engine production, (Weber?) from I believe Georgia, up to St. Cloud. Along with improving, updating the St. Cloud production facility. My memory on this is somewhat cloudy, but this came from a good all AC riding friend of mine who had a relative who was employed there by Textron. And history provides the proof that to be successful in the snowmobile business, you have to produce your own power, engines. J A Bombardier knew this over 60 years ago as he purchased Rotax in Austria for dependable Doo power. Later, Polaris also came to the same conclusion, as did AC later yet. In years past, way back in the 60's, much of AC's $$ problems arose from undependable engine (many) suppliers. That's until Suzuki came on board for various reasons, including $$. If AC is to rise, be reborn, and live a strong healthy life again, they must have their own in house production engine power. Of the many, many snowmobile brands (JD) who went extinct thru the years, this was part of the reason. Unable to control cost of production. I'm done.
OPINION: Amid Signs Of Optimism, Don't Write Off Arctic Cat | SnowGoer
Despite the gloom, we're convinced that Arctic Cat and its snowmobiles do have a future. Look close and you'll see real signs of life.snowgoer.com
Just sharing an opinion. Maybe these guys know something. The part that's interesting to me is they brought a 2026 sled to a photo shoot. Could have just been a new color on a 25 but who knows.
They did mention the required WARN act filing, which I noted before
I spent about 10 years in the business finance restructuring world. Mostly with privately held companies with debt problems. Often resulted in sales or liquidations. One consistent thing I saw in the negotiations is no one wants to make a move until there is pressure or a deadline, neither the buyer or the seller. In this case, that might be whatever the timeline is to put orders in for parts for the 26 model year. They've already decided there's too much inventory to produce dirt this year, but there's time for next year's sleds.
Hoosier, I absolutely agree on the pressure, and deadlines forcing the moves. My one time employer, 30 years worth of my life, went thru a orchestrated, planned BS&L's, federal bankruptcy. All of it in the family interests only. Thank god, the pressure of the judge, laws, and court deadlines, forced them to make unwanted decisions. They had planned to buy back, and reown the Company. However as their underhanded plan became exposed in court, and weren't allowed to reown. Thank god. It was a absolute, 'phony', 'contrived bankruptcy'. The only ones to lose were all the very dedicated employees. Shameful, and disgraceful it was. We employees later found out the real facts, and truths. The ugly part of bankruptcies, more often than not, the wrong people get hurt. God bless all of the AC employees!
WOW!!! Sounds like the same B.S. we just went through for the last 4 years!!!!!!!
I handled a number of bankruptcies in my career. For what it is worth a couple didn’t feel right so I dug deep and successfully provided evidence to the feds and state AGs. Several folks got to spend years behind bars.
Yes heckler, scandalous bankruptcies really do happen. And perhaps all too often?
There was one case that I didn't like being involved with because I had the feeling the borrower had hidden a lot of funds in guns, classic cars, cash deals with buddies...for the most part though the borrowers needed relief. It's an expensive process though with all the lawyers involved. I'm not one of them. If I was I probably wouldn't be driving a 2018 sled right now...
Justy to update: UW-Plattville, WI won. First time winner----congrats!
WCDC just hosted the above this weekend. 16 teams of college students from all over. Talked with students from UMD that heard Cat sale was back on with 2 bidders. Said they heard it yesterday. I can't confirm that. Last I heard is what everyone else has been saying.
They do. The stuff I cleaned up is a lifetime of stories. In the 90’s they assigned me to a company called Enron, until I explained what I was seeing and they terminated me. Deals I personally underwrote had a good success rate.
Bravo, Kudos to UWP!
www.supertraxmag.com
fingers crossed! thanks for posting eagle1!UPDATE: High Profile Arctic Cat Players Spotted in TRF
You may have noticed we’ve been quiet regarding the situation at Arctic Cat.
