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Canuck57[_9_] Canuck57[_9_] is offline
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First recorded activity by BoatBanter: Oct 2009
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Default Looks like West Marine isn't doing very well.

On 20/03/2010 9:44 PM, Tim wrote:
12.8 mil. loss this quarter...


http://www.businessweek.com/ap/finan.../D9EFUUH80.htm


Obama isn't going to bail them out, unless a buddy owns them.

Good move reducing the debt as they can scale down the business to fit
the new times. If they couldn't reduce debt, they might as well have
closed the doors. Which I am sure many in this sector have. Because
recover is a Obama wet dream, this recessions losses will have a
permanent long term impact on the boating industry.

Bet there will not be as many on the water this summer.