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Jim Jim is offline
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First recorded activity by BoatBanter: Feb 2010
Posts: 51
Default Looks like West Marine isn't doing very well.

Canuck57 wrote:
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.


Let's hope that's true.
The more pain that can be attributed to 'Bama, the sooner the folks will
rebel from this Obamination.
Our Republican strategy of opposition to anything he proposes is
starting to bear fruit.
It's unfortunate that the modern farming system is essentially immune
from disruption, precluding the famine that would surely show the
bankruptcy of 'Bama leadership.
But there's hope for more pain in in other areas of the economy.

Jim - Always hopeful