Marine Stock Prices - Page 4

GordMay · 06-08-2009, 08:39

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

Cheechako · 06-08-2009, 08:43

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...

**FrankZ** · 07-08-2009, 16:20

Quote:

Originally Posted by 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."

I found myself saying just that thing this morning. I did add "and have it tomorrow and not on your next freight day."

Roy M · 08-08-2009, 16:31

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?

anjou · 08-08-2009, 16:39

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.

06-08-2009, 08:39	#46
GordMay CF Adviser Join Date: Mar 2003 Location: Thunder Bay, Ontario - 48-29N x 89-20W Boat: C.L.O.D. (Cruiser Living On Dirt) Posts: 13,552 Images: 233	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 __________________ Gord May ~~_/)_~~ (Gord & Maggie - s/v"Southbound") "If you didn't have time/$ to do it right in the first place, when will you get the time/$ to fix it?" Custom Search CF ➥ http://www.google.com/cse/home?cx=01...%3A2lb6ozabif0

08-08-2009, 16:39	#50
anjou Registered User Join Date: Apr 2009 Location: Malvernshire, on the sunny side of the hill. Posts: 906	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. __________________ Ex Fortis Fils Dulce

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06-08-2009, 08:43	#47
Cheechako Registered User Join Date: Aug 2006 Location: Skagit City, WA Boat: Fellippi 32 Posts: 2,371	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...

08-08-2009, 16:31	#49
Roy M Registered User Join Date: Feb 2007 Location: Southwestern Yacht Club, San Diego, CA Boat: Searunner 40 trimaran, WILDERNESS Posts: 827 Images: 4	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?