Is hoyt going out of business?
#11
Banned
Joined: Apr 2006
Posts: 7,145
Likes: 0
From: IOWA/25' UP
ORIGINAL: PA Hardwoods
LMFAO!!! Drury's and the word credible DO NOT go in the same sentence together EVER. They have inflicted some of the worst crap on the hunting market ever!!!
LMFAO!!! Drury's and the word credible DO NOT go in the same sentence together EVER. They have inflicted some of the worst crap on the hunting market ever!!!
#12
I'd like to think they are solid, and I hope they are. Hoyt is a great company, imo.
HOWEVER....none ofus knows thier true position most likely, so never say never. Just ask the Lehman or Bear Stearns employees and investors....they both folded up like a lawnchair pretty darn quick. In Bear's case they HAD $8 billion in cash on hand at the time they went down, hard to believe. Nothing suprises me anymore.
HOWEVER....none ofus knows thier true position most likely, so never say never. Just ask the Lehman or Bear Stearns employees and investors....they both folded up like a lawnchair pretty darn quick. In Bear's case they HAD $8 billion in cash on hand at the time they went down, hard to believe. Nothing suprises me anymore.
#13
Giant Nontypical
Joined: Dec 2004
Posts: 7,876
Likes: 0
From: Ohio
ORIGINAL: mobow
LOL...the Drury's? HA! Whatever. They're gonna follow the money, period. And who can blame them? They have a business to run too. PSE has been around a good long while as well, and if PSE cut them a bigger check...well.....Guess what? Bye bye Hoyt. I would bet a doughnut though that at the end of that contract if Hoyt were to offer a bigger check than PSE, they would be shooting Hoyt again. Which is why I pay very, very little attention to what the "pros" use.
I am not a Mathews fan at all, but if they gave me one....guess what? Yep, I would sure as heck shoot it. I do agree though, that Hoyt needs to do something other than rely on their name and longevity to sell bows. They've got to come out with something innovative, like they did with the Trykon. That bow made a lot of waves, and since then they do seem content to just ride it. The AlphaMax is a step in the right direction, but again....Not innovative. Not cutting edge.
LOL...the Drury's? HA! Whatever. They're gonna follow the money, period. And who can blame them? They have a business to run too. PSE has been around a good long while as well, and if PSE cut them a bigger check...well.....Guess what? Bye bye Hoyt. I would bet a doughnut though that at the end of that contract if Hoyt were to offer a bigger check than PSE, they would be shooting Hoyt again. Which is why I pay very, very little attention to what the "pros" use.
I am not a Mathews fan at all, but if they gave me one....guess what? Yep, I would sure as heck shoot it. I do agree though, that Hoyt needs to do something other than rely on their name and longevity to sell bows. They've got to come out with something innovative, like they did with the Trykon. That bow made a lot of waves, and since then they do seem content to just ride it. The AlphaMax is a step in the right direction, but again....Not innovative. Not cutting edge.

Companys that ride a name are not investing much. A business that doesn't do that is looking for a way out by keeping the bottom line clean. Looks good on paper. Investing cost money that isn't recouped until later. If you invest to much the bottom line isn't very attractive and that doesn't sell well. They've been just doing enough. Investing in the drurys isn't a stupid one and I think we can all agree on that. They didn't want to spend the money. Says a lot!
Had a local bank tell me how they deserved my business and how they were here to stay. Made their bottom line squeeky clean and then were sold, gone, I was out of a good business partener without so much as a goodbye. We have another one now. I like them a lot and tell every credit card company who calls that if I need one I'll get one there, were like a family around here. A real comunity. One guy from a forgien country who heard my words after trying to sign me up for oneasked if he could call me his father.

#14
Fork Horn
Joined: Nov 2007
Posts: 306
Likes: 0
From:
I've owed several Hoyt's and I said never again after the Hoyt Trykon joke that I bought.Worst major bow on the market in my opinion. They make a good recurve bow though but they should stay out of the compound bowmarket.I will say that thebows look nice andhave beautiful finishes but are notvery good performers compared to the other big three. I doubt they are going out of business though.
#15
ORIGINAL: Dopler
I've owed several Hoyt's and I said never again after the Hoyt Trykon joke that I bought.Worst major bow on the market in my opinion. They make a good recurve bow though but they should stay out of the compound bowmarket.I will say that thebows look nice andhave beautiful finishes but are notvery good performers compared to the other big three. I doubt they are going out of business though.
I've owed several Hoyt's and I said never again after the Hoyt Trykon joke that I bought.Worst major bow on the market in my opinion. They make a good recurve bow though but they should stay out of the compound bowmarket.I will say that thebows look nice andhave beautiful finishes but are notvery good performers compared to the other big three. I doubt they are going out of business though.
Not good performing compounds being said about a bow company that is not only just winning in all the archery events,they are dominating the podiums in quite a few of them.
I have an 04 hunting bow from Hoyt that was put on a shooting machine and checked out from top to bottom and was told that this HUNTING bow outperformed 99% of all bows that this guy had ever put on his machine.He said it was one of the most forgiving bows he had ever checked.That being said,there are some Hoyts that he has checked that have been near the bottom as well.

But,there is a new bow from another manufactuer right now that does not do well on his test or in the hands of a friend of mine but people love it anyway,so name does mean something.
Right now Hoyt has a really great performing line and there is no need to drastically change it from top to bottom every year,that would be crazy.(that is how things get out of hand and mistakes start getting made)They keep tweaking and enhancing a few things to keep a new base coming in but in no way should they do wholesale changes to one of the best performing lines on the market.
JMHO.
#16
I don't shoot a Hoyt now, but have had a few in the past. They make a great bow no doubt, I just like my Tribute a bit better. As far as them going out of business....I don't think that will not happen anytime soon, and if it ever did, the archery world would be losing one of there top innovators in the sport. Just my .02
Shane
Shane
#17
Fork Horn
Joined: Nov 2007
Posts: 306
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From:
I'm just giving my opinion, I bought a Trykon, so did my best friend, we both agreed after months of shooting them, having themcoming out of tune over and over again that they were not good bows, we both couldn't sell them quick enough, that was my second Hoyt, the firstone wasthe same way. I have no product loyalty and am not swayed by biasas I'm not a dealer nor do I have any financial arrangement with any of the bow manufacturerslike many people on here do (I noticed that you're affiliated with Hoyt, hmmm). I own a Bowtech, 2 Mathews and a PSE, all are fine brands. Bottom line is Hoyt's are the worst of all the main bow brands in my opinion, you're entilted to your opinion.
#18
LOL dopler.
I love my trykon, and I know a few people who love theirs too.
Hoyt makes a great bow, and I'm not a dealer or affiliated with hoyt in any way either.
Worst of all the "main" bow brands? What are those?
I love my trykon, and I know a few people who love theirs too.
Hoyt makes a great bow, and I'm not a dealer or affiliated with hoyt in any way either.
Worst of all the "main" bow brands? What are those?
#19
sorry to tell you guys alot of company's go out even when they look like there going strong. Look at enron.
I doubt it but it could happen. look at the markets today some of those companies lost millions on there stocks alone.
Now for the warranty issue depends if they go under I.E bankrupt your screwed. A guy tried to sell me some tools said they have a lifetime warranty but the company was a no name head for the paper shredder i said if they go away who replaces the stuff no one. But if there bought out by another company say pse or bear they would be required to keep the warranty good.
A friend of mine had is credit card stolen for 6000. They still have not took it off. The bank was just bought out by another bank. He said well there goneso now i owe them nothing. Not true When you buy another company you buy the assets and debts. Thats what has causes the morgate issues.
Say i give out 5 millon in loans at 10% a year. In10 years that 5 millon turns into10then in a 10 more years it is15 millon. So i go to a bank tellthem i have 5 million in loans that will be worth15 in30 years.they pay me 12 millon for these loans. Thenthey take over the loans and the people whoi gave high risk loans to and who are paying more then what the house is worth and what they can afford go bankrupt. Then thebank has houses that are worth 5 millon that people lost but they paid 12 million for them expecting the people to pay there loans plus the 10%. The bank losses 7 millon at first then try to sell the houses that flood the market and drop the over all value by 30% now they loss 30% of the 5 million again.
These are the people were giving money to.
Any company can go under just depends on how they spend or invest there money.
I doubt it but it could happen. look at the markets today some of those companies lost millions on there stocks alone.
Now for the warranty issue depends if they go under I.E bankrupt your screwed. A guy tried to sell me some tools said they have a lifetime warranty but the company was a no name head for the paper shredder i said if they go away who replaces the stuff no one. But if there bought out by another company say pse or bear they would be required to keep the warranty good.
A friend of mine had is credit card stolen for 6000. They still have not took it off. The bank was just bought out by another bank. He said well there goneso now i owe them nothing. Not true When you buy another company you buy the assets and debts. Thats what has causes the morgate issues.
Say i give out 5 millon in loans at 10% a year. In10 years that 5 millon turns into10then in a 10 more years it is15 millon. So i go to a bank tellthem i have 5 million in loans that will be worth15 in30 years.they pay me 12 millon for these loans. Thenthey take over the loans and the people whoi gave high risk loans to and who are paying more then what the house is worth and what they can afford go bankrupt. Then thebank has houses that are worth 5 millon that people lost but they paid 12 million for them expecting the people to pay there loans plus the 10%. The bank losses 7 millon at first then try to sell the houses that flood the market and drop the over all value by 30% now they loss 30% of the 5 million again.
These are the people were giving money to.
Any company can go under just depends on how they spend or invest there money.
#20
This is getting good........let the great debate start up again. Hoyt, no no Mathews......Hoyt, no no Fred Bear......Hoyt, no no PSE.......Hoyt, no no Diamond! Lets not open up this can of worms about who makes a better bow. IT IS ALL ABOUT PERSONAL PREFERENCE! If that make and model doesnt meet your expectations dont buy it. I do believe no two bows are madethe same so you need to take care of your own equipment. I have had a hoyt for six years and taken enough deer to feed an army but I do believe my bow was as good as it gets. Early season shootings guys always comment on how smooth my bow is and how quiet it is so I would buy a new one if the price is right. I am in the mood right now to try a Diamond but I will never have anything bad to say about Hoyt!


