West Marine, Inc. (NASDAQ:WMAR)

CAPS Rating: 1 out of 5

The Company is a boating supplies retailers.


Player Avatar Gtrinvestor (99.71) Submitted: 10/23/2008 5:54:10 PM : Outperform Start Price: $5.27 WMAR Score: +6.80

If they survive the recession, then this one is way undervalued. However, in the meanwhile, they trade for 1/2 of their tangible book and actually had positive operating cash flows. This company will shrink in size in the coming quarters due to restructurings, but I think there is a modicum of safety in this one. However, this is a retail business and it is in a luxury-type segment, so I am only giving this one 1 thumbs up out of 3 (Tivo terms).

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