View Single Post
  #2   Report Post  
posted to rec.boats.cruising
Larry Larry is offline
external usenet poster
 
First recorded activity by BoatBanter: Jul 2006
Posts: 5,275
Default Marinemax crashing after conf call...

Larry wrote in news:Xns9C0475ED5D58Bnoonehomecom@
74.209.131.13:

Listen to how bad the boat business is:

http://web.servicebureau.net/conf/me...3098517&c=2343
&m=was&u=/w_ccbn.xsl&date_ticker=HZO

Marinemax stock is crashing after the call, down over 22% so far:
http://finance.yahoo.com/q?s=HZO
Oops...off 24% now.

Anybody wanna buy a boat? Today is YOUR day...(c;]

Just offer 'em half to unload the overstock.....


Dealers going belly up causes prices to drop dumping leftovers.
He's trashing repossessed boats as trash trying to get boaters to buy
overpriced new boats from them.....what bull****.

The numbers make me dizzy....Sales keep dropping more and more. Gross
profit 15.2% now. If the customer wants a boat, they're having trouble
financing them.

They're still looking to close more dealers...

Same store sales since last year down 46%.

The depression isn't over....it isn't even close to over....

Well, I gotta go get a shovel. The bull**** from listening to the CFO is
makin' my chair float....


--
-----
Larry
You can tell there's very intelligent life in the Universe
because none of them have ever tried to contact us.....