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Thomas, Spring Point Light Thomas, Spring Point Light is offline
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First recorded activity by BoatBanter: Mar 2008
Posts: 94
Default Where will we go after West Marine goes under?


"Larry" wrote in message
...
http://finance.yahoo.com/q?s=wmar
http://www.reuters.com/article/marke...0080326?rpc=44
http://biz.yahoo.com/ap/080327/west_...over.html?.v=3

$65.4M loss....burning through cash pretty quick.

http://finance.yahoo.com/q/mh?s=WMAR

Poor mutual fund holders losing their asses....

$7.19/share...falling in after hours trading more.

Boating is in trouble. Listen to their investor conference call:
http://tinyurl.com/3belex


==

Larry,, West Marine is a victim of the credit crisis [ wait, there is no
crisis ,, just lots of people spending money they
dont have ].

My last visit to West ...

First, the paint department .. where is the paint ,, empty shelves ..
Second, the lights department .. where are the lights.. where are the
LED's..

Finally, the "other" employee sees me ..

"Yo,, how you been" ..
"Great, looks a little thin in here".
"Well, we are just getting going for spring"
"I heard the new CEO is going to kick ass".
"Yup,, that is what I'm told, we are going to get back on our feet, and be
better than ever".


Have not been back but will go .. just to see if anything changed.