Cessna profits plunge......OT (or is it?)

ArtP wrote:

On Mon, 02 Feb 2004 07:21:54 GMT, "Dude" wrote:



Cirrus has done well, and much of it is due to the passion of the founders.
I may be mistaken, but I believe that the investors are likewise passionate.
They are not presently trading the stock on an exchange, are they? If not,
then the company is still reasonably closely held.


Cirrus has done well by taking risks with the customers. The basic
design is great but the devil is in the details. They lack good detail
design, testing, and quality control. While the COPA web site
indicates the quality control is improving, the early users are
swinging in the breeze with high maintenance and planes that lost 50%
of their value in 2 years.

My club has a few dreamers that keep suggesting we should look into
getting some Cirruses (our current high-end planes are Mooneys).

I sure hope our board doesn't fall for that mistake.