SqueezeER
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- 2020 Winder Ltx LE
There was a few comments regarding Arctic Cat being sold to Yamaha, yatta yatta yatta....so this article is kinda relevant. Copy and Paste relevant stuff with a link as well.
https://www.cnbc.com/2018/10/18/reu...t-buy-for-profit-miss-shares-fall-11-pct.html
Oct 18 (Reuters) - Textron Inc posted a lower-than-expected quarterly profit on Thursday due to lingering problems at its industrial products unit that houses its recently acquired Arctic Cat all-terrain vehicle business, sending its shares down 11 percent.
Investors worried the maker of Cessna business jets was struggling to integrate the business after the company said it was undergoing a "painful learning experience" in its efforts to add more customers at the retail level and manage discounting.
Textron was one year behind schedule on booking gains from the Arctic Cat acquisition, Chief Executive Officer Scott Donnelly said on a conference call, while pointing to poor management of the unit.
"We went into this expecting to be able to generate accretion in year one. Obviously, that's not going to happen," he said.
"When you have something like that going on, it creates enough chaos that drives down the operating performance."
The company last week replaced Kevin Holleran, in charge of Arctic Cat's parent unit, with Scott Ernest, the head of its aviation business.
From the articles I read, I get the feeling Arctic Cat is going in the direction Textron wants. Knowing that Textron wasn't in the picture with Yami and Cat, I don't think there is any loyalty there.