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.

On Tue, 03 Feb 2004 17:04:41 -0500, TTA Cherokee Driver
wrote:


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.

The plane is now 2 years and 1 month old. I just got 3 "mandatory"
SB's (2 for the parachute and one for the starter). The estimated cost
is over $1,000. This is just after the 2nd annual ($2,000 and 6
weeks).

While new Mooneys are expensive, they sure are nice. I sat in one at an
open house they other day. Sweet!


"TTA Cherokee Driver" wrote in message
...
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.

Of course ours are not new, far from it

That's why the financial folly of starting to buy $300K airplanes is so
apparent, even if the Cirruses were great and reliable planes.

Dude wrote:

While new Mooneys are expensive, they sure are nice. I sat in one at an
open house they other day. Sweet!


"TTA Cherokee Driver" wrote in message
...

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.