View Single Post
  #8   Report Post  
posted to rec.boats
nom=de=plume nom=de=plume is offline
external usenet poster
 
First recorded activity by BoatBanter: Aug 2009
Posts: 5,427
Default Looks like West Marine isn't doing very well.

"Canuck57" wrote in message
...
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.



I forgot... all of the economic problems in the US are a result of Obama's
policies! Thanks for reminding me.

--
Nom=de=Plume