Marine Stock Prices

[irwinsailor]

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.

[S/V Elusive]

you missed the $6 mark. $5.76 this morning now back up to $5.98

[S/V Elusive]

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!!

[irwinsailor]

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.

[Zach]

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...

[S/V Elusive]

WM dipped below $5.50 this morning and is just barely holding on at $5.52. Gunner - Could be a buying opportunity??

[David M]

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.

[GordMay]

Originally Posted by S/V Elusive

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

[TaoJones]

Originally Posted by GordMay

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.

TaoJones

[David M]

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.

[donradcliffe]

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.

[GordMay]

LATEST MARINE STOCK REVIEW:
All shares as of Friday, Oct 17, 2008.

AICON/AIC:MIL
Previous Update Oct 10 2008: €0.48
Last Update Oct 17 2008: €0.52
Change: +8.3%
52 Week High: €4.31 (Oct 17 2007)
52 Week Low: €0.46 (Oct 10 2008)
Market Capitalisation: US $75.45 million

Beneteau/BEN:PAR
Previous Update Oct 10 2008: €7.16
Last Update Oct 17 2008: €6.94
Change: -3.1%
52 Week High: €20.35 (Nov 01 2007)
52 Week Low: €6.80 (Oct 10 2008)
Market Capitalisation: US $772.52 billion

Brunswick Corp/BC:NYQ
Previous Update Oct 10 2008: US $8.04
Last Update Oct 17 2008: US $6.01
Change: -25.2%
52 Week High: US $22.85 (Oct 29 2007)
52 Week Low: US $5.86 (Oct 16 2008)
Market Capitalisation: US $537.01 billion

Camper & Nicholsons Marina Investments/CNMI:LSE
Previous Update Oct 10 2008: 48.00 pence
Last Update Oct 17 2008: 42.50 pence
Change: -11.5%
52 Week High: 69.50 pence (Oct 25 2007)
52 Week Low: 42.00 pence (Oct 16 2008)
Market Capitalisation: US $36.66 million

Caterpillar Inc/CAT:NYQ
Previous Update Oct 10 2008: US $43.40
Last Update Oct 17 2008: US $40.65
Change: -6.3%
52 Week High: US $85.96 (May 19 2008)
52 Week Low: US $37.07 (Oct 10 2008)
Market Capitalisation: US $25.79billion

Couach/YACHT:PAR
Previous Update Oct 10 2008: €5.60
Last Update Oct 17 2008: €5.12
Change: -8.6%
52 Week High: €16.34 (Oct 19 2007)
52 Week Low: €5.12 (Oct 17 2008)
Market Capitalisation: US $74.58million

Cummins Inc/CMI:NYQ
Previous Update Oct 10 2008: US $32.55
Last Update Oct 17 2008: US $31.45
Change: -3.4%
52 Week High: US $75.98 (Jul 30 2008)
52 Week Low: US $27.93 (Oct 16 2008)
Market Capitalisation: US $6.63 billion

Fountain Powerboat Industries Inc/FPB:ASQ
Previous Update Oct 10 2008: US $0.46
Last Update Oct 17 2008: US $0.40
Change: -13.0%
52 Week High: US $2.40 (Nov 02 2007)
52 Week Low: US $0.36 (Oct 14 2008)
Market Capitalisation: US $1.70 million

Gander Mountain Co/GMTN:NMQ
Previous Update Oct 10 2008: US $2.18
Last Update Oct 17 2008: US $2.13
Change: -2.3%
52 Week High: US $6.95 (Mar 24 2008)
52 Week Low: US $1.40 (Oct 10 2008)
Market Capitalisation: US $50.41 million

Garmin Ltd/GRMN:NSQ
Previous Update Oct 10 2008: US $24.54
Last Update Oct 17 2008: US $23.88
Change: -2.7%
52 Week High: US $125.68 (Oct 24 2007)
52 Week Low: US $22.15 (Oct 16 2008)
Market Capitalisation: US $5.08 billion

Hanseyachts/H9YX:GER
Previous Update Oct 10 2008: €7.00
Last Update Oct 17 2008: €6.14
Change: -12.3%
52 Week High: €30.50 (Oct 24 2007)
52 Week Low: €6.10 (Oct 17 2008)
Market Capitalisation: US $-- million

ITT Corp/ITT:NYQ
Previous Update Oct 10 2008: US $42.38
Last Update Oct 17 2008: US $42.88
Change: +1.2%
52 Week High: US $69.73 (Jul 31 2008)
52 Week Low: US $39.77 (Oct 10 2008)
Market Capitalisation:US $8.07 billion

Johnson Outdoors Inc/JOUT:NMQ
Previous Update Oct 10 2008: US $11.20
Last Update Oct 17 2008: US $10.22
Change: -8.7%
52 Week High: US $23.50 (Dec 03 2007)
52 Week Low: US $9.81 (Oct 16 2008)
Market Capitalisation: US $90.47 million

Lewmar Marine/LWMPZ.GBP:PLU
Previous Update Oct 10 2008: 22.50 pence
Last Update Oct 17 2008: 17.50 pence
Change: -22.2%
52 Week High: 90.00 pence (Oct 18 2007)
52 Week Low: 17.50 pence (Oct 17 2008)
Market Capitalisation: US $-- million

Marine Products Corporation/MPX:NYQ
Previous Update Oct 10 2008: US $7.14
Last Update Oct 17 2008: US $6.63
Change: -7.1%
52 Week High: US $9.75 (Sep 19 2008)
52 Week Low: US $5.99 (Oct 10 2008)
Market Capitalisation:US $243.00 billion


Marinemax Inc/HZO:NYQ
Previous Update Oct 10 2008: US $4.53
Last Update Oct 17 2008: US $3.20
Change: -29.4%
52 Week High: US $16.68 (Dec 21 2007)
52 Week Low: US $3.06 (Oct 16 2008)
Market Capitalisation:US $64.29 billion

Poncin Yachts/PONY:PAR
Previous Update Oct 10 2008: €0.84
Last Update Oct 17 2008: €0.89
Change: +6.0%
52 Week High: €5.29 (Oct 18 2007)
52 Week Low: €0.69 (Oct 10 2008)
Market Capitalisation: US $11.22 million

Raymarine/RAY:LSE
Previous Update Oct 10 2008: 71.25 pence
Last Update Oct 17 2008: 61.00 pence
Change: -14.4%
52 Week High: 346.50 pence (May 02 2008)
52 Week Low: 60.00 pence (Oct 16 2008)
Market Capitalisation: US $88.06 million

Rodriguez Group/RODR:PAR
Previous Update Oct 10 2008: €5.12
Last Update Oct 17 2008: €5.19
Change: +1.4%
52 Week High: €34.73 (Oct 18 2007)
52 Week Low: €5.00 (Oct 10 2008)
Market Capitalisation: US $84.81 million

Teleflex Inc/TFX:NYQ
Previous Update Oct 10 2008: US $47.69
Last Update Oct 17 2008: US $49.30
Change: +3.4%
52 Week High: US $74.18 (Oct 18 2007)
52 Week Low: US $43.13 (Oct 10 2008)
Market Capitalisation: US $1.98 billion

Twin Disc Inc/TWIN:NSQ
Previous Update Oct 10 2008: US $7.43
Last Update Oct 17 2008: US $11.10
Change: +49.4%
52 Week High: US $37.47 (Dec 26 2007)
52 Week Low: US $6.54 (Oct 10 2008)
Market Capitalisation: US $119.31 million

Volvo/VOLV A:STO
Previous Update Oct 10 2008: SEK 45.10
Last Update Oct 17 2008: SEK 42.00
Change: -6.9%
52 Week High: €126.75 (Oct 29 2007)
52 Week Low: €40.30 (Oct 10 2008)
Market Capitalisation: US $-- billion

West Marine Inc/WMAR:NMQ
Previous Update Oct 10 2008: US $5.13
Last Update Oct 17 2008: US $5.09
Change: -0.8%
52 Week High: US $11.94 (Oct 18 2007)
52 Week Low: US $3.40 (Jul 18 2008)
Market Capitalisation: US $111.20 million

Yamaha Motor Co Ltd/7272:TYO
Previous Update Oct 10 2008: ¥1034.00
Last Update Oct 17 2008: ¥1050.00
Change: +1.5%
52 Week High: ¥3350.00 (Nov 01 2007)
52 Week Low: ¥967.00 (Oct 16 2008)
Market Capitalisation: US $2.81 billion

YCO Deuxmil/DML:LSE
Previous Update Oct 10 2008: 24.00 pence
Last Update Oct 17 2008: 14.50 pence
Change: -39.6%
52 Week High: 63.00 pence (May 02 2008)
52 Week Low: 14.50 pence (Oct 17 2008)
Market Capitalisation: US $16.55 million

[GordMay]

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

[donradcliffe]

Do you trust their numbers??

West Marine, Inc.: Lit. Rel. No. 21150 / July 23, 2009

[redcobra]

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."