Cruiser Wiki Click Here to Login

Join Cruiser Log Today

Cruiser Log World Cruising & Sailing Forums

Cruiser Log World Cruising & Sailing Forums (
-   General Cruising Forum (
-   -   Pdq Yachts Closing Its Doors (

JeanneP 11-03-2007 10:53 AM

As a PDQ owner, I received the following email yesterday from one of its brokers.

"This week we were notified by PDQ management that they were “closing their doors” until a buyout by new investors can be finalized.

In spite of the PDQ’s popularity and success in the market, it appears that a number of factors have all combined at the same time to force PDQ into this action.

PDQ’s profitability has been eroding rapidly due to the significant increases in material costs, the historic devaluation of the US dollar (vs the Canadian dollar) and the recent slowdown in the entire recreational boating market has effectively dried up new orders. As you know, pricing on the new PDQ’s has escalated in the last twelve months, but has not kept up with their costs and has left them with insufficient cash to continue operating.

This is obviously a very sad day for [us], but more so for the outstanding PDQ employees with which we have had the opportunity to work. For those of you who have had contact with the PDQ staff, I think you will agree that we could not find a more professional or dedicated group of people in the industry! The PDQ team developed an outstanding product and they were very proud to deliver and support it.

The good news is that [xx], who has been the VP of Marketing, is leading a buyout of the company by a group of private investors. It will take some time for the details of this buyout to be completed, but [we are] optimistic that PDQ will be back in operation, with adequate capital to continue producing the PDQ product line. We sincerely hope that the new investors will keep the core design, production, commissioning and marketing staff intact (that is their plan) as they were an incredible team and certainly stood out as “the best” in the industry. "

MMNETSEA 11-03-2007 11:13 AM

Hi Jeanne,

Early days yet, but do you think that PDQ owners may wish to be part of the buy-out to assist in sustaining PDQ's future and its excellent products ? Hope so !


Lighthouse 11-03-2007 11:16 AM

Sorry to hear that Jeanne. It is very sad that the boating industry is taking strain worldwide. Hope all ends well for PDQ.

All times are GMT. The time now is 03:17 AM.

Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.0

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

RV & Travel Trailer Communities

Our RV & Travel Trailer sites encompasses virtually all types of Recreational Vehicles, from brand-specific to general RV communities.

» More about our RV Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

All times are GMT. The time now is 03:17 AM.

Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.0