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Profit wise I think he did turn the company around didn't he? He started in the mid to late 90's and it seems to me the company has gotten a lot more profitable in that time frame and much, much larger. Where have you been, I'm sure you get news in Alaska?
Look at where ATV sales were when he started.
Look at Motorcycles, PWC's, R&D facilities in Wyoming, MN, plants in Iowa etc.
Sleds have gone down due to the market and a few mistakes and most importantly mother nature, not simply from a decesion a ceo makes which of course has to be approved by the board of directors and share holders.
I don't think polaris needs to be turned around. They already have. Victory is now profitable, ATV's are very profitable, they are increasing their market share of ALL products they sell, they are working with the military designing new products for their use. Polaris' total sales have increased this year, and I believe last year as well. Their stock prices, until Mr. Tiller announced the decision, was very strong. If you would like an excellent example of a company that needs to be turned around, visit www.arcticcat.com and take a look at their investor relations.
I was watching both AC and PII stock, and at the end of the third quarter, AC was down about 9%, PII was up about 20%.
While Polaris isn't where they would like to be, I think they are in a pretty good position and their market shares will increase, especially as the new sleds continue to prove themselves.
just my .02
The stock Market is gay. The sleds rip. That's what I care about
The stock Market is gay. The sleds rip. That's what I care about
Welcome to the forums... but you must be REALLY bored to have gone back 6 months to find this thread and resurrect it.
sled_guy
I ride a 96 polaris ultra. Sure it is modified, but it runs with anything polaris makes now and is a lot less expensive and I did it in my garage. That is how pathetic polaris has become, when a poor rocket scientist like myself, can out build what polaris could not in 12 years.
In 2010 or 2011 I am buying an 09 XP. It might already be too late for polaris again. Even if they loss 50 lbs and generate some excitement in 2010. I would not buy because of their dismal first year sled reputation. (I learned with my ultra...)
Not only does polaris need to come up to speed they have to make double time for the next year or two before I buy.
Karl
You are a few years out of date. Now it's Polaris building quality sleds & Doo is the king of junk. My 07 Summit-was the biggest POS ever made & now the 08 XP's set a new low for quality. The Ultra modded or not is not in the same league as the Edge chassis & an Edsel compared to the IQ. Not bashing your sled just being honest.
Actually the 700 was Jack Struther's brain child.
The XLT was the single most popular sled ever built. More XLTs were sold than any other sled model in history and in 93 more XLTs were sold than the other 3 OEMs combined sales.
The Ultra was horrible in stock tune, but was incredible with a set of pipes and a little tuning.
I forget what we were talking about now.
See my post from 6 months ago in this thread for my thoughts on Tiller.
sled_guy