Analysts weigh in on GE lending plan

Analysts say that GE’s tightening of its floorplan lending standards could seriously affect the marine industry, where it is the primary source of commercial credit.

GE recently announced substantially higher interest rates, tougher requirements on curtailments, higher up-front “stocking fees,” and extended repurchase commitments for manufacturers, Edward Aaron, analyst with RBC Capital Markets noted in a report.

Analysts weigh in on GE lending plan

Boater’s World to be liquidated

The assets of 129 Boater’s World stores will be liquidated by the company that submitted the largest bid for the retail chain. Boater’s World parent company, Ritz Camera Centers, should collect about US$40m from the sale.

Boater’s World to be liquidated

NOW NEW PENDING WOLD RECORD BLUELINE TILEFISH

Got Word from Max @ Virginia Beach Contender that all paperwork is complete and waiting on affidavits to be official. Greg Bait Shack has the Fish unitl tomorrow and Long Bay Point will have it after 2:00pm on Sat. and  all day Sunday. Then it’s off to VMRC Research Science Program on Monday.

 

Still Waiting on Pictures!!!!  Will post as soon as we get them!!!

Nail-biter: US accessories manufacturers watch Boater’s World bankruptcy auction

When the assets of Boater’s World come up for auction today in New York, most of the marine accessories segment will be anxiously awaiting the outcome. The 130-store retailer, the second-largest US national retail chain behind West Marine, is a primary customer for hundreds of accessories manufacturers

Nail-biter: US accessories manufacturers watch Boater’s World bankruptcy auction