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Looks like West Marine isn't doing very well.
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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. |
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 |
Looks like West Marine isn't doing very well.
On 21/03/2010 9:39 AM, Jim wrote:
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. Agreed. They didn't learn from history in school, so now they will learn the hard way. Our Republican strategy of opposition to anything he proposes is starting to bear fruit. Debateable. Tehy still hold a minority position in both houses. Plus, as I have learned a long time ago, what we hear from big governments is often a ruse, a pony show to say they tied but in reality caved in. Bet the markets will be volitile on Monday. 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. Food, unlike boats is an essential staple. You can defer or not buy a GM or a boat... but to eat isn't much of an option. But I don't invest in farming, too many variables... But there's hope for more pain in in other areas of the economy. Jim - Always hopeful I would love this to end, but I can't see it. Government has swapped a lot of bad debt from bailouts to the taxpayer and DC spending is so far out of control it may never be pulled back short of a revolution. You can't just increase your debt every year by 15%++ into perpetuity. At some point mismanaged government economics is going to have one hell of a price to pay. Right now, the best I can see is a few lost decades like Japan has experienced. They too took the spend/debt approach 2 decades ago and have seen a 2 decades of steady decreases in standard of living. And Japan still has that massive debt and may go under... Could go, Greece, Spain, UK, Japan, Ireland, Germany, US then Canada. All go into a currency spiral one after the other. -- Politicians don't provide anything, the tax payers do. |
Looks like West Marine isn't doing very well.
Canuck57 wrote:
On 21/03/2010 9:39 AM, Jim wrote: 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. Agreed. They didn't learn from history in school, so now they will learn the hard way. Our Republican strategy of opposition to anything he proposes is starting to bear fruit. Debateable. Tehy still hold a minority position in both houses. Plus, as I have learned a long time ago, what we hear from big governments is often a ruse, a pony show to say they tied but in reality caved in. Au contraire. The Republican party is the party of small government. That's pretty evident in their numbers. Bet the markets will be volitile on Monday. I'll let my broker worry about that. If he's wrong, I'll change brokers. 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. Food, unlike boats is an essential staple. You can defer or not buy a GM or a boat... but to eat isn't much of an option. But I don't invest in farming, too many variables... Weather is the biggest. But with a good drought, and perhaps a blight or two, 'Bama is toast. Like I said, we can hope. But there's hope for more pain in in other areas of the economy. Jim - Always hopeful I would love this to end, but I can't see it. Government has swapped a lot of bad debt from bailouts to the taxpayer and DC spending is so far out of control it may never be pulled back short of a revolution. You can't just increase your debt every year by 15%++ into perpetuity. At some point mismanaged government economics is going to have one hell of a price to pay. Right now, the best I can see is a few lost decades like Japan has experienced. They too took the spend/debt approach 2 decades ago and have seen a 2 decades of steady decreases in standard of living. And Japan still has that massive debt and may go under... Could go, Greece, Spain, UK, Japan, Ireland, Germany, US then Canada. All go into a currency spiral one after the other. Pretty sure that Ireland and the Aryan portion of the German population will fare well. The darker and mongrelized nations not so much. Haven't paid attention to the Scandinavians since they went commie long ago. They're a drunken lot in any case. I did well with Nokia, but that's an exception. Besides, the Finns aren't prone to the drunkenness and immorality that runs in the Scandinavian gene pool. Jim - Concerned American |
Looks like West Marine isn't doing very well.
Nuts with the"obamanomics" guys.
I posted that about West Marine because I dont' feel they should go out of business, but figure out a way to survive in a down economy. It seems that Overtons, and Cabella, are doing just fine, and they share a lot of the product line. Losing business, and the jobs it supports is never a good thing and shouldn't be ill wished upon by anyone. |
Looks like West Marine isn't doing very well.
"Tim" wrote in message ... Nuts with the"obamanomics" guys. I posted that about West Marine because I dont' feel they should go out of business, but figure out a way to survive in a down economy. It seems that Overtons, and Cabella, are doing just fine, and they share a lot of the product line. Losing business, and the jobs it supports is never a good thing and shouldn't be ill wished upon by anyone. West marines problem is they are at least twice as expensive as anyone else. They have a great selection, especially stainless hardware, but a small premium will keep customers going there for the convience, but when you can buy zincs online for 50% of WM price, that is out of the convience level. |
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 |
Looks like West Marine isn't doing very well.
"Canuck57" wrote in message
... On 21/03/2010 9:39 AM, Jim wrote: 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. Agreed. They didn't learn from history in school, so now they will learn the hard way. Our Republican strategy of opposition to anything he proposes is starting to bear fruit. Debateable. Tehy still hold a minority position in both houses. Plus, as I have learned a long time ago, what we hear from big governments is often a ruse, a pony show to say they tied but in reality caved in. Bet the markets will be volitile on Monday. 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. Food, unlike boats is an essential staple. You can defer or not buy a GM or a boat... but to eat isn't much of an option. But I don't invest in farming, too many variables... But there's hope for more pain in in other areas of the economy. Jim - Always hopeful I would love this to end, but I can't see it. Government has swapped a lot of bad debt from bailouts to the taxpayer and DC spending is so far out of control it may never be pulled back short of a revolution. You can't just increase your debt every year by 15%++ into perpetuity. At some point mismanaged government economics is going to have one hell of a price to pay. Right now, the best I can see is a few lost decades like Japan has experienced. They too took the spend/debt approach 2 decades ago and have seen a 2 decades of steady decreases in standard of living. And Japan still has that massive debt and may go under... Could go, Greece, Spain, UK, Japan, Ireland, Germany, US then Canada. All go into a currency spiral one after the other. -- Politicians don't provide anything, the tax payers do. That's right. Oppose _everything_ even if it actually helps people. Well, it looks like another 32M people will finally get some help despite the party of Nyet. -- Nom=de=Plume |
Looks like West Marine isn't doing very well.
"Tim" wrote in message
... Nuts with the"obamanomics" guys. I posted that about West Marine because I dont' feel they should go out of business, but figure out a way to survive in a down economy. It seems that Overtons, and Cabella, are doing just fine, and they share a lot of the product line. Losing business, and the jobs it supports is never a good thing and shouldn't be ill wished upon by anyone. Isn't that the object of business... or at least one of them... not go out of business, increase profit/market share? Maybe they have some underlying problems that are causing them problems... don't know much about them specifically, but their customer service seemed pretty good when I was looking for a gift. Maybe that was just salesmanship. -- Nom=de=Plume |
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