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Old 06-08-2009, 09:39   #46
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Yes, at least for now, I do.

West Marine Inc. settled a U.S. Securities and Exchange Commission lawsuit over claims it filed false financial statements. The SEC lawsuit claimed West Marine filed the false statements after making undisclosed accounting changes in 2004 to offset a decline in earnings, according to the suit. West Marine settled the case without admitting or denying the SEC's allegations.

West Marine settles with SEC
West Marine and SEC agree to settlement
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Old 06-08-2009, 09:43   #47
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Gord, dont see any bargains there with possible exception of west marine.... and ... well you gotta believe in the company right! Forget marine stocks, Ford at $6??? (the one US company that didnt need a loan) You could have bought it at $2. Boeing at $44, been as high as $105 in the last couple of years.. etc...
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Old 07-08-2009, 17:20   #48
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Originally Posted by redcobra View Post
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."

I found myself saying just that thing this morning. I did add "and have it tomorrow and not on your next freight day."
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Old 08-08-2009, 17:31   #49
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Since April, my local San Diego West Marine store has been operating like gangbusters. Electronics sales, small boat stuff, fishing gear, and maintenance stuff all seem to be going out the door in brisk fashion. The same for San Diego Marine Exchange and its affiliates, Sailing Supply and Downwind Marine. Maybe San Diego is the "miner's canary" of the resurging economy. My personal income, as a boat repair guy and electronics installer, is following this trend. One has to remember that a smart store manager balances inventory with ability to fulfill orders. If they don't have it in stock, the hub van delivers it the next day. I keep reminding myself of the old adage: "The doctor must survive". If my suppliers don't make it, I certainly won't. That they are able to respond in a timely manner, keeps me employed and happy. If they stock stuff that doesn't move, they lose money and they die. What's the option in this current economy?
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Old 08-08-2009, 17:39   #50
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I saw a thing on yesterdays news about the south coast marine economy and its booming. The weaker pound means a lot of euro customers are coming to UK boatyards to get work done and buy boats, so its not all doom and gloom.
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