RedBankGreen Covers the Hovnanian Debacle
RedBankGreen has a write up about Hovnanian's earnings report. Needless to say, the results were pretty bad and the outlook for 2007 is worse than originally expected.
Do any long time Shore residents remember a story from about the early 90s involving a Hovnanian owned yacht, a fire and a 20,000 feet mid-Atlantic abyss? I have a fuzzy memory of a very expensive boat being lost at sea many years ago after all hands were rescued; can anyone remember more about this incident?
Do any long time Shore residents remember a story from about the early 90s involving a Hovnanian owned yacht, a fire and a 20,000 feet mid-Atlantic abyss? I have a fuzzy memory of a very expensive boat being lost at sea many years ago after all hands were rescued; can anyone remember more about this incident?
posted by Little_Silvered at 8:19 PM
4 Comments:
The yacht no. But the moored sail boat across from Starvation island in '01, yes. Such a shame. Ara was always generous and treated me well. WTF, It was his flunkies like Mark H and Mark V that made it unbearable working there. How many times did Mark V wreck a company truck by the way? I wonder what his breathaliser test read?
I recall the incident - but barely as well. I know there was a fight between them and their insurance company who wanted to salavage the sunken boat. I THINK they eventually did raise it.
Anyway, there's a NYTIMES article buried behind the Select Firewall..
6 Rescued After 'Bulletproof' Ship Goes Down
August 15, 1992 Six men were rescued today after their boat, perhaps the world's largest private sport fishing vessel, sank about 100 miles southeast of Cape May in bad weather. The Lady Anna began taking on water shortly after midnight, said Petty Officer Jim Krause of the United States Coast Guard. The ...
Anyway, when I saw a picture of this thing I was amazed at the pomposity that this thing represented. It made Rodney Dangerfield's Caddy Shack boat look like the Flying Wasp.
Mike Villane...... Opinions anyone?
maybe mark vetch. that's my pick.
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