MarineMax, Inc. (NYSE:HZO)
Sells new and used recreational boats, including pleasure boats (such as sport boats, sport cruisers and yachts) and fishing boats, with a focus on premium brands in each segment. The Company also sells related marine products, including engines.
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Recs
OklaBoston
(< 20)
Submitted: 4/4/2013 12:10:43 PM :
Start Price:
$12.85
HZO Score:
-11.79
Filed for a secondary offering in February.
I'm beginning to believe that secondary offerings will be a worthwhile area of investigation in future. They dilute the holdings of people who bought before the SPO, but the degree to which they help clean up balance sheets can make up for that.
PE rather high, but for a stock going from earnings shrinkage over the previous 5 years to earnings growth that's not as much of a hurdle as it sounds.
Recs
jwhedberg
(< 20)
Submitted: 9/15/2010 11:47:40 AM :
Start Price:
$6.89
HZO Score:
+30.44
This company has a wide moat, and Bill McGill, the CEO, is a winner. He has been a longtime boat dealer in the best traditions of C.N. Ray, founder of Sea Ray Boats, and has weathered storms like this before (e.g. gas crisis). This stock will double in price.
Recs
alaskiian
(< 20)
Submitted: 2/12/2010 12:02:21 PM :
Start Price:
$10.53
HZO Score:
-38.65
Boat dealer in United Statest hroughout 55 retail locations..spread out well...its a looker
Recs
KARABALIS
(< 20)
Submitted: 1/10/2010 11:49:17 PM :
Start Price:
$9.54
HZO Score:
-16.12
Best boat retailer in the world.
Best boat salesman is mark menachem.
Recs
charmingbee
(< 20)
Submitted: 9/15/2008 4:17:33 PM :
Start Price:
$8.18
HZO Score:
-3.48
Thet need a cleaner House. Slick salesmen/women are not the answer
Recs
cyncoot
(< 20)
Submitted: 7/24/2008 7:15:55 PM :
Start Price:
$7.11
HZO Score:
-36.11
boats barely float in this economy
Recs
TheRupturedDuck
(< 20)
Submitted: 4/16/2008 10:34:49 PM :
Start Price:
$12.09
HZO Score:
+25.38
From my short ideas/valuation screen
Recs
skc0001
(< 20)
Submitted: 5/16/2007 1:06:22 AM :
Start Price:
$20.41
HZO Score:
-56.76
A Value Proposition
Recs
65funsun
(54.67)
Submitted: 4/12/2007 12:35:22 PM :
Start Price:
$19.81
HZO Score:
+60.32
A victim of both the drop on the housing market and increased fuel prices plus future uncertainities.
Recs
planejayne
(< 20)
Submitted: 4/11/2007 10:02:41 AM :
Start Price:
$23.03
HZO Score:
+68.69
Besides terrible management, low morale among team members and under-delivering the boating dream, continued rise in fuel costs will leave this stinky fish floating under the dock.
Recs
fOOLSONPARADE
(97.61)
Submitted: 4/2/2007 12:28:46 PM :
Start Price:
$23.44
HZO Score:
+71.72
Financing will with the luxury goods like HOGS and Boats. No more Home ATM refinance activities = less consumer spending especially for the frivolous items like boats, motorcycles, RV.
Recs
rbrittain
(55.86)
Submitted: 3/12/2007 6:01:23 PM :
Start Price:
$21.43
HZO Score:
+69.00
Flat market unless there are significant changes in world politics and economy expect to see under $20 soon.
Recs
zudnic
(20.61)
Submitted: 3/5/2007 3:19:22 PM :
Start Price:
$21.60
HZO Score:
+71.22
When the actuel crash happens are the middle class going to be buying recreational boats of any kind? I think not marine business does not do well in a recession.
Recs
ES2007
(< 20)
Submitted: 2/23/2007 12:40:53 PM :
Start Price:
$22.87
HZO Score:
+68.22
Long term downtrend. Under weekly 50. Let others buy this "cheap" stock.
Recs
fox5563
(< 20)
Submitted: 2/2/2007 9:45:43 PM :
Start Price:
$24.11
HZO Score:
-71.43
I WORK FOR THIS COMPANY
Recs
NetscribeRetail
(93.10)
Submitted: 1/19/2007 8:25:25 AM :
Start Price:
$22.13
HZO Score:
+68.72
Troubled waters ahead.
MarineMax, Inc. operates as a recreational boat dealer with 88 stores in United States. It sells new and used recreational boats, including pleasure boats (such as sport boats, sport cruisers, sport yachts, and yachts), and fishing boats, with a focus on premium brands in each segment. It also sells a line of boating accessories, including life jackets, inflatables, and water sports equipment and other marine related products.
The past performance of the company has been good with decent level of revenue growth. However, the company is not likely to sustain the same level of growth in fiscal 2007 since the future outlook is negative. Since the company offers luxury goods, its business is severely affected by the economic environment. Housing slump in US is discouraging the customers to make big-ticket purchases like boats. MarineMax has already started getting a sinking feeling by incurring a loss in December quarter. Events like boat shows are the major revenue drivers for the industry. However, this year these actions are likely to slow down due to the economic slowdown. Management expects decline in operating margin due to higher marketing spends owing to softness in the industry.
As per the recent industry data, the segments in which the company operates have dropped in revenue terms and the slide is expected to continue. Further about 59% of company’s revenues come from sales of new boats manufactured by Brunswick. As the demand is expected to fall in future, Brunswick is on the threshold of downsizing its staff. Discouraging trends have provoked the management to lower its earnings outlook, which indicates a sharp fall of 27% in the full year earnings of fiscal 2007. Thus, diving is tough and the sea is gazing wildly at MarineMax.
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