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#1
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![]() "Dude" wrote in message ... It seems to me that there must be a lot of risk in the small piston plane market. This means that a company without a high degree of ability to accept risk will eventually fail a critical gut check. The question is - Can a public company stand the risks it takes to be number one? I believe Cessna simply will not do what it takes to win in this business because it has become too risk averse. It may survive, but I don't see it thriving. Strangely, its the same attitudes that kept them in business all this time, that may now be their downfall. Until the recent entries of new players, Cessna was king. 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 is riding the new plane bubble. Time will tell ahow they do and they will need to come out with something new when the market for the present model becomes saturated. Certainly one would rather be in Cessnas financial position than that of Cirrus. Cirrus had to sell their soul to stay in business. |
#2
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Wow, with all this bad news about Cirrus, should buyers be concerned?
I thought they had to be doing well selling so many planes. I still think the investors have got to be aviation fans more than Wall Street types, but we may never know. As for flight schools, it seems that Diamond is getting more and more of that business, but I hear the owner has some serious pockets. "Dave Stadt" wrote in message ... "Dude" wrote in message ... It seems to me that there must be a lot of risk in the small piston plane market. This means that a company without a high degree of ability to accept risk will eventually fail a critical gut check. The question is - Can a public company stand the risks it takes to be number one? I believe Cessna simply will not do what it takes to win in this business because it has become too risk averse. It may survive, but I don't see it thriving. Strangely, its the same attitudes that kept them in business all this time, that may now be their downfall. Until the recent entries of new players, Cessna was king. 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 is riding the new plane bubble. Time will tell ahow they do and they will need to come out with something new when the market for the present model becomes saturated. Certainly one would rather be in Cessnas financial position than that of Cirrus. Cirrus had to sell their soul to stay in business. |
#3
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Dude wrote:
Wow, with all this bad news about Cirrus, should buyers be concerned? They shouldn't be. The type certificate, documentation, and tooling are worth a lot of money. Were the present owners ever to sell, someone else comes in with eagerness, and the existing product base must be supported. If it follows the model of the Grumman AA-5x's, that means acquire, raise price significantly, run into troubles, sell out, new company raises price even more. Current FAA registrations show only about 16 in U.S. ownership other than the new Tiger Aircraft, after more than two years of production. Arguable reason - price? Fred F. |
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