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Old 15-04-2008, 08:06   #31
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I need to make up my mind about if I want to place a stop order today on West marine. There is little doubt that I jumped back in far to soon. The $6. mark seems to be where support is and $8. has met with resistance so I thought I saw a pattern. Now I see only down from here like Circuit city has been over the past year.
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Old 15-04-2008, 12:55   #32
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you missed the $6 mark. $5.76 this morning now back up to $5.98
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Old 17-04-2008, 14:23   #33
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And then I read this!!!

Form 8-K for WEST MARINE INC


--------------------------------------------------------------------------------

11-Apr-2008

Change in Directors or Principal Officers



Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Peter Van Handel, our chief accounting officer, will leave West Marine effective today.


-------------------------

Pretty damn abrupt!!
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Old 17-04-2008, 20:25   #34
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I made a mistake. West marine is in trouble and I think there is a good chance that I could lose a sizable part of my investment. It could go down with my other losers over the years like orbital engine, DNA plant technology, Hills stores, Starter, etc.
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Old 17-04-2008, 21:29   #35
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Gunner...

I'm here to tell you I'm doing my part to keep your investment sound... now what they do with those boat bucks is up to them...
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Old 21-04-2008, 14:00   #36
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WM dipped below $5.50 this morning and is just barely holding on at $5.52. Gunner - Could be a buying opportunity??
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Old 21-04-2008, 14:06   #37
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I was talking to an older store employee who has been there forever. They have a new CFO, but it will take time to do a turnaround. The old CFO was a guy who went strictly by the numbers and ignored a lot of customer issues because the numbers said they were not important. West Marine is certainly not a dead company and if there is such a thing as a turnaround for them then this might be the place to invest.

West Marine, in my area at least, is the only place I can get the everyday nuts and bolts kind of things that I need.....they HAVE no competition. They bought out their competitors or ran them out of business years ago. Although some may not consider this very ethical, this is exactly the type of company you want to invest in. Ask Jim Cramer. West Marine also has room for growth unlike companies like Starbucks or McDonalds which have pretty much saturated most markets.
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Old 06-06-2008, 17:13   #38
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West Stock as of Fri. June 6/08

Quote:
Originally Posted by S/V Elusive View Post
From April 24/08: WM dipped below $5.50 this morning and is just barely holding on at $5.52. Gunner - Could be a buying opportunity??
Where's the bottom?

West Marine/WMAR - NASDAQ-NM
Previous Update May 30, 2008: US $4.68
Update June 6, 2008: US $4.41
Change: -5.8%
52 Week High: US $17.06 (August 2, 2007)
52 Week Low:US $4.29 (May 9, 2008)
Market Capitalisation: US $96.99 million
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Old 06-06-2008, 17:42   #39
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Quote:
Originally Posted by GordMay View Post
Where's the bottom?

West Marine/WMAR - NASDAQ-NM
Previous Update May 30, 2008: US $4.68
Update June 6, 2008: US $4.41
BK, possibly.

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Old 06-06-2008, 22:32   #40
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That would be a bummer if they did go belly up. I don't know where I would buy things quickly since West Marine has bought out most all the other marine related retailers like BoatUS etc.
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Old 07-06-2008, 07:48   #41
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I do know that WM has changed for the better since Eisenberg took over (he was one of the original WM execs who came out of retirement). I just bought an inverter at WM after they matched Defender's internet price. I have to pay sales tax, but save the shipping cost, and I know that I can take it back to any WM store if there is a problem.

I also noticed in the store that they had dropped their prices on anchor chain down to competitive levels. Hopefully they will retool their entire pricing policy so I don't have to shop with a bunch of internet printouts in hand.

It wasn't just the pricing that went downhill under the non-sailing 'chain-store CEO's. I am looking at two pairs or WM brand seaboots in my hanging closet, which I had to drag out when I got to Newport a few weeks too early. The 15 year-old pair, marked "made in Malaysia" are fine, but the 5 year-old pair, marked "made in China" have deteriorated into a gooey mess.
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Old 18-10-2008, 05:12   #42
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AICON/AIC:MIL
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Market Capitalisation:US $64.29 billion

Poncin Yachts/PONY:PAR
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Raymarine/RAY:LSE
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Rodriguez Group/RODR:PAR
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Teleflex Inc/TFX:NYQ
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West Marine Inc/WMAR:NMQ
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Yamaha Motor Co Ltd/7272:TYO
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Old 06-08-2009, 03:10   #43
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This week West Marine reported a jump in net income to US$34.5m for its second quarter ended July 4, 2009, compared to net income of US$4.4m a year ago. Earnings per share also jumped to US$1.46 compared to US$0.20 a year ago. The company earlier reported sales of US$215.4m for the quarter, down 5 per cent compared to the same period a year ago. Same-store sales were down by 1 per cent.

West Marine's Q2 profits jump to US$34.5m

West Marine Inc. (WMAR): Stock Quote & Company Profile - BusinessWeek
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Old 06-08-2009, 08:41   #44
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Do you trust their numbers??

West Marine, Inc.: Lit. Rel. No. 21150 / July 23, 2009
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Old 06-08-2009, 09:38   #45
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When I stop at West they usually don't have what I want. Even stuff that is advertised in the mailings I get. The manager always says, we can order it and I reply "so can I, from Defender."
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