Results 1 to 29 of 29

Thread: Cub Crafter news

  1. #1
    Willie's Avatar
    Join Date
    Aug 2004
    Location
    Kerrville, Texas
    Posts
    131
    Post Thanks / Like

    Cub Crafter news

    I received an email from CC yesterday announcing an IPO to raise $50 Million for expansion. What do the expansion experts at SC.org think of the proposal? The minimum investment is $400 at $5 per share, but my initial thought is that this economy is not at a good point for an IPO, since Thursday's numbers will probably indicate a recession in progress.

    On the other hand, I can afford to lose the minimum.

    Willy
    "The sword of freedom is kept sharp by those who live on it's edge." - Scott Adams

  2. #2
    frequent_flyer's Avatar
    Join Date
    May 2021
    Location
    Arizona, USA
    Posts
    944
    Post Thanks / Like
    As a CC customer I received the same notice. I have no comment on the investment risk or value. I do have a concern that CubCrafters will become driven by short term shareholder profit rather than innovation and sound engineering.
    Thanks Willie, mixer thanked for this post
    Likes cubdrvr, alaskadrifter, ak49flyer liked this post

  3. #3
    Formandfunction's Avatar
    Join Date
    May 2022
    Posts
    37
    Post Thanks / Like
    I know they're almost three years behind but it only takes a few extra orders to put a company in that spot. If you look at what they've done so far making ruffley fifteen hundred kits based off and using mostly 80 year old designs it's very impressive. They fill a niche but it's just that,a niche market.
    Economy hasn't settled in for the long haul and insurance is becoming a issue with new people promptly wrecking quarter million + dollar machines. I don't see 50 mill anywhere in the recreational stol market ever. Also don't see that changing with fewer kids taking up flying. I think we will also see more entries into the market as time passes further thinning the sales.
    Thanks Willie thanked for this post

  4. #4
    behindpropellers's Avatar
    Join Date
    Feb 2003
    Location
    NE Ohio
    Posts
    7,051
    Post Thanks / Like
    Quote Originally Posted by frequent_flyer View Post
    As a CC customer I received the same notice. I have no comment on the investment risk or value. I do have a concern that CubCrafters will become driven by short term shareholder profit rather than innovation and sound engineering.
    Cubcrafters seems to be currently driven by passion and innovation, they are doing well. Once outside money comes in with an expectation that they get a (large) return on their investment they will go downhill fast. If they really want to sell shares of the company they should only sell them along with your purchase of an airplane. I think they sold the Top Cub certificate in the past to raise money.

    The grass is always greener on the other side.

    Tim
    Thanks Willie thanked for this post

  5. #5
    skywagon8a's Avatar
    Join Date
    Mar 2008
    Location
    SE Mass
    Posts
    12,362
    Post Thanks / Like
    An IPO to raise $50 Million is nothing more than an offer to lend CC some money which CC never has an obligation to pay back. The only way an investor can get his (loan) money back is if someone else is willing to buy the stock shares from him. CC gets the $50 mil, you get a piece of paper (or a computer entry).

    If CC borrowed the $50 mil from a bank, the bank won't give them the money without protecting the bank's investment and they will expect it to be payed back. An individual buying stock doesn't get the same protection.
    N1PA
    Thanks Willie, OLDCROWE thanked for this post
    Likes AKjurnees, Richgj3, BC12D-4-85, 40m liked this post

  6. #6
    Utah-Jay's Avatar
    Join Date
    Aug 2020
    Location
    Heber City, UT
    Posts
    430
    Post Thanks / Like
    A recession is looming if not already here, investing in an extravagant toy company is dicey…. but then again the people buying $250,000+ toys are probably recession proof

  7. #7
    stewartb's Avatar
    Join Date
    Oct 2012
    Location
    Wolf Lake, AK
    Posts
    7,564
    Post Thanks / Like
    God bless American entrepreneurial spirit. I hope they knock it out of the park.

    30 years ago everybody scoffed at Apple and Microsoft. Who's laughing now? Not me. I didn't buy their stock!
    Thanks Willie thanked for this post

  8. #8
    aktango58's Avatar
    Join Date
    Aug 2004
    Location
    18AA
    Posts
    9,852
    Post Thanks / Like
    After the way I and other's I know were treated by CC I really prefer to not deal with them.

    That said, they have survived previous recessions, market failures and many other challenges while other manufactures were not able to continue.

    $400 for a gamble and to say you are a part owner in Cub Crafters? I bet they find a group willing to do just that.

    Praise the land of freedom, and the option to come up with ideas and implement them!
    I don't know where you've been me lad, but I see you won first Prize!
    Likes Willie, skywagon8a liked this post

  9. #9
    Richgj3's Avatar
    Join Date
    Apr 2005
    Location
    LI,NY
    Posts
    1,314
    Post Thanks / Like
    I trust they have an investment banker working with them and the offer to sell shares to us mere mortals is just a nice marketing gesture. Otherwise……..

    Having participated in an IPO ten times the size of this one twenty years ago I kind of know how it goes, or should go. Not sure the offer to sell is even legal in the eyes of the SEC if this is to be a true Public Offering. But what the heck, maybe they know something I don’t know.

    Rich

  10. #10
    Grant's Avatar
    Join Date
    Mar 2002
    Location
    At Work.....
    Posts
    2,031
    Post Thanks / Like
    A recession is looming if not already here, investing in an extravagant toy company is dicey…. but then again the people buying $250,000+ toys are probably recession proof
    Speaking of recession proof types.... I remember talking to a friend who was "Financially Fortunate". And during the last economic downturn, he was telling me about the new Corvette he was buying and all the mods he was going to do etc.... I said "Man why are you buying such an expensive car in this market? Don't you think you should buy something less expensive?"

    his response.... "I am buying something less expensive".... "I was going to buy a 1/4 million dollar Porsche"....


    I always think of that when I think some one is being foolish with their money. I just have to remember it's their money....
    Last edited by Grant; 07-27-2022 at 06:52 AM.
    Likes Pete Schoeninger, jprax liked this post

  11. #11

    Join Date
    Dec 2016
    Location
    Canyon, tx
    Posts
    1,036
    Post Thanks / Like
    Wonder if Cub Crafters is still taking Bitcoin?

  12. #12

    Join Date
    Dec 2006
    Location
    Meanwhile,...
    Posts
    5,538
    Post Thanks / Like
    So does that get us a vote on Company Leadership?
    Remember, These are the Good old Days!
    Thanks aktango58 thanked for this post

  13. #13
    40m's Avatar
    Join Date
    Dec 2013
    Location
    Shoreham, VT
    Posts
    579
    Post Thanks / Like
    Quote Originally Posted by OLDCROWE View Post
    So does that get us a vote on Company Leadership?
    Family is retaining 75% ownership.

    From Genesis: "And God promised men that good and obedient wives would be
    found in all corners of the earth."

    Then he made the earth round... and He laughed and laughed and laughed!
    Likes skywagon8a liked this post

  14. #14
    sodak's Avatar
    Join Date
    Oct 2002
    Location
    rochester, mn
    Posts
    308
    Post Thanks / Like
    Quote Originally Posted by 40m View Post
    Family is retaining 75% ownership.
    Where do I find this information, on the 75% ownership.
    Strangers are friends I have not met yet
    Thanks mixer, 85Mike thanked for this post
    Likes mixer liked this post

  15. #15
    40m's Avatar
    Join Date
    Dec 2013
    Location
    Shoreham, VT
    Posts
    579
    Post Thanks / Like
    Quote Originally Posted by sodak View Post
    Where do I find this information, on the 75% ownership.
    As with all third party chatter until you read it in a formal prospectus take it with a grain of salt, but it was a conversation at the CC booth at Oshkosh after the formal announcement from someone who is likely to know.

    From Genesis: "And God promised men that good and obedient wives would be
    found in all corners of the earth."

    Then he made the earth round... and He laughed and laughed and laughed!

  16. #16
    skywagon8a's Avatar
    Join Date
    Mar 2008
    Location
    SE Mass
    Posts
    12,362
    Post Thanks / Like
    Quote Originally Posted by OLDCROWE View Post
    So does that get us a vote on Company Leadership?
    Quote Originally Posted by 40m View Post
    Family is retaining 75% ownership.
    There is your answer. You get one vote, the family gets 75.

    From what I've known about them from the past, pay attention to what aktango58 has to say. Nuff said from me, may the buyer beware.
    N1PA

  17. #17
    stewartb's Avatar
    Join Date
    Oct 2012
    Location
    Wolf Lake, AK
    Posts
    7,564
    Post Thanks / Like
    So what’s the story about the new CEO? Why the animosity?

    Grow or die. It’s the nature of a competitive industry. How to do it is the hard part. I hate debt and I’m no fan of banks so at face value I appreciate their attempt to fund growth without taking on debt.
    Likes ak49flyer liked this post

  18. #18

    Join Date
    Jan 2003
    Location
    nd
    Posts
    3,824
    Post Thanks / Like
    Quote Originally Posted by OLDCROWE View Post
    So does that get us a vote on Company Leadership?
    or a steak supper and a ride?

  19. #19

    Join Date
    Feb 2016
    Location
    Rochester, NY
    Posts
    194
    Post Thanks / Like
    Just send me the 400 bucks andI will send you a picture of my Tcraft autographed by me. Might be worth a fortune some day. Or not.

    Jim

  20. #20
    aflyer's Avatar
    Join Date
    Sep 2005
    Location
    SW Colorado
    Posts
    79
    Post Thanks / Like
    After building one of their kits, I think they need new leadership more than more money.

    The RV-15 will eat their lunch anyway.
    If it ain't broke - improve it
    Thanks courierguy thanked for this post

  21. #21
    stewartb's Avatar
    Join Date
    Oct 2012
    Location
    Wolf Lake, AK
    Posts
    7,564
    Post Thanks / Like
    Why? What other kits have you built and what was different?

  22. #22
    aflyer's Avatar
    Join Date
    Sep 2005
    Location
    SW Colorado
    Posts
    79
    Post Thanks / Like
    I previously built an RV-8

    I won't get into a detailed review, but I will never build another CC, and would glady build another RV.
    If it ain't broke - improve it
    Likes mixer liked this post

  23. #23

    Join Date
    Dec 2006
    Location
    Meanwhile,...
    Posts
    5,538
    Post Thanks / Like
    Quote Originally Posted by tempdoug View Post
    or a steak supper and a ride?
    I've flown all they have (most are very impressive) and have eaten in about every restaurant in "Yack-town."
    Last edited by OLDCROWE; 07-31-2022 at 07:19 AM.
    Remember, These are the Good old Days!

  24. #24
    sodak's Avatar
    Join Date
    Oct 2002
    Location
    rochester, mn
    Posts
    308
    Post Thanks / Like
    Tough bunch, Remind me to never start another business.
    Strangers are friends I have not met yet

  25. #25

    Join Date
    Jan 2003
    Location
    nd
    Posts
    3,824
    Post Thanks / Like
    Quote Originally Posted by sodak View Post
    Tough bunch, Remind me to never start another business.
    just a bunch of keyboard warriors

  26. #26
    Steve Pierce's Avatar
    Join Date
    Mar 2002
    Location
    Graham, TX
    Posts
    22,071
    Post Thanks / Like
    Hasn't been approved by the SEC as of yet which I understand will take some time.
    Steve Pierce

    Everybody is ignorant, only on different subjects.
    Will Rogers

  27. #27
    aktango58's Avatar
    Join Date
    Aug 2004
    Location
    18AA
    Posts
    9,852
    Post Thanks / Like
    Quote Originally Posted by Steve Pierce View Post
    Hasn't been approved by the SEC as of yet which I understand will take some time.
    Just out of curiosity, what does it take to get SEC approval for something like this, or any business out there? Do you just need an idea? Proven production? Enough money to pay off the SEC?- Sorry, no one would resort to that of course.

    I am interested in what process would be required because it seems that there is some type of filter applied by the SEC, but it is all magic from my limited knowledge.
    I don't know where you've been me lad, but I see you won first Prize!

  28. #28
    stewartb's Avatar
    Join Date
    Oct 2012
    Location
    Wolf Lake, AK
    Posts
    7,564
    Post Thanks / Like
    Thanks mixer, Richgj3 thanked for this post

  29. #29
    aktango58's Avatar
    Join Date
    Aug 2004
    Location
    18AA
    Posts
    9,852
    Post Thanks / Like
    Here we are, people confusing me with someone that can read.

    Thank you Stewart!
    I don't know where you've been me lad, but I see you won first Prize!
    Thanks 62E thanked for this post

Similar Threads

  1. Cub Crafter Gap Seals
    By Clifford in forum Cafe Supercub
    Replies: 86
    Last Post: 12-30-2018, 04:32 PM
  2. I'm with Cub Crafter's
    By Tadpole in forum Cafe Supercub
    Replies: 10
    Last Post: 04-19-2011, 05:41 PM
  3. Cub Crafter's Updated TC
    By mvivion in forum Cafe Supercub
    Replies: 2
    Last Post: 09-08-2005, 05:34 PM

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •