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West Marine is Terrible
Eisboch wrote:
The root of the problem, whether you are talking West Marine, Wal-Mart or health insurance for that matter, is the consumer. We all want it cheap. We expect competent help and service, but in their absence, we'll take the cheap. The problem with WM is, they are no longer cheap...in fact, they have become the most expensive. They bought out all their "bricks and mortar" competition, but as online chandleries continue to poliferate, I believe their perceived monopolistic attitude has already begun to bite them in the @$$...I expect them to be in chapter 11 within another 5 years. I THINK they'll survive it, but only by coming marine "convenience stores"...on every corner, but only stocking those few items people typically need right now, and therefore have no choice but to pay list+50% for. A shame...because it was only 10 years ago that they were the superstar...their people were the most knowledgable...best prices...but then they decided to buy out everyone else and it's been all downhill since. The history of their stock price since they first went public in the mid '90s tells the story...and IMO also forecasts their future. -- Peggie ---------- Peggie Hall Specializing in marine sanitation since 1987 Author "Get Rid of Boat Odors - A Guide To Marine Sanitation Systems and Other Sources of Aggravation and Odor" http://shop.sailboatowners.com/books...ku=90&cat=1304 |
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