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Business suddenly blossoms for struggling boat builder

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DELAND -- As the 2009 Miami International Boat Show approached, John and Robin Cosker found themselves in a bind.

Their business, Mystic Powerboats, was in trouble, and the economic environment held little promise for a company building racing boats that sold for $3 million to $4 million apiece.

"We closed the week before the Miami boat show," John Cosker said. "We realized we had to sell a boat at the show to survive. And we sold one."

That order carried the company through the first half of 2009, and, in June, business picked up significantly. Through the remainder of the year, Mystic set a company record, selling and/or delivering six boats. The company usually built two or three a year, Cosker said.  more...



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