Marine Products Corp. (MPX)

CentralBankEVIL (28.98) Submitted: 10/16/2008 11:19:05 PM : Start Price: $6.32 MPX Score: -48.45

decent yield & low to no debt

TheRupturedDuck (98.32) Submitted: 4/16/2008 10:24:37 PM : Start Price: $7.66 MPX Score: +22.58

From my short ideas/valuation screen

thearistocrats (69.72) Submitted: 3/2/2008 9:48:55 PM : Start Price: $7.09 MPX Score: +20.00

overvalued

qubit16 (98.57) Submitted: 12/3/2007 9:55:28 PM : Start Price: $6.73 MPX Score: +9.05

od

FoolishLav (56.08) Submitted: 7/9/2007 7:02:09 PM : Start Price: $7.88 MPX Score: +16.57

Of course, Global Warming may change things :-), but the appetite for boating in the US is waning.

phowardmlm (73.65) Submitted: 5/30/2007 9:26:48 AM : Start Price: $7.63 MPX Score: +15.40

I'm holding onto this one, and hoping that when the economy rebounds, people will have more disposable income for boats (toys)

going2maine (78.78) Submitted: 2/1/2007 11:17:22 AM : Start Price: $9.16 MPX Score: -29.91

These stocks are in my real life portfolio.

NetscribeConsGds (93.48) Submitted: 1/31/2007 6:30:02 AM : Start Price: $9.34 MPX Score: +31.65

Marine Products sinking.

Marine Products engages in the design, manufacture, and sale of recreational fiberglass powerboats in the sportboat, deckboat, cruiser, and sport fishing markets primarily in the United States. It offers its sterndrive and inboard-powered sportboats under Chaparral brand and outboard boats under Robalo brands. The company sells its products through a network of 148 domestic and 24 international independent authorized dealers.

Housing concerns are looming in US, which is dispiriting customers from making big-money purchases like boats. Likely slowdown of boating events due to weak environment could be another negative factor for the company. Marine Products is sailing through rough weather as it is facing revenue declines in the past several quarters. Company is facing hurdles like production inefficiencies and high labor costs, which is affecting its margins. Chaparral line accounts significantly to the business but is currently experiencing a slowdown. On a positive side, Robalo sales are picking up however they do not contribute much to the business.

Looking ahead, company is experiencing uncertainty in designing the product, as dealers are unsure about the market demand given the transition period. Engines have been one of the most important components in manufacturing and their prices are forecasted to rise in the future. This would put additional pressure on the margins, which would be fuelled by weak consumer demand. Slack demand has resulted in about 16.7% decline in the number of boats sold for Marine Products, thereby propelling the company to lower its 2007 earnings outlook. Hence, looking at the soft industrial environment and poor company performance, Marine products could submerge.

fiacaid (67.75) Submitted: 1/10/2007 11:11:45 AM : Start Price: $9.19 MPX Score: +32.22

Long term I believe Marine Products will be a very successful company. In the near future, however, MPX will continue to disappoint until the boating industry (and the economy) improves.

ReiberSix (47.94) Submitted: 11/28/2006 10:48:16 PM : Start Price: $10.02 MPX Score: -36.84

Increased spending on boats in 2007 should prove fruitful for MPX

twofromyourhand (74.09) Submitted: 11/22/2006 3:43:33 PM : Start Price: $10.74 MPX Score: -39.09

Management is open about pursuing strategies that are best for their business in current and anticipated economic conditions--regardless of short term appearance.

RichesToRags (< 20) Submitted: 10/10/2006 5:45:27 PM : Start Price: $10.27 MPX Score: +40.86

low oil costs keeps this stock afloat

Fuskie (64.82) Submitted: 10/9/2006 5:50:48 PM : Start Price: $10.24 MPX Score: -40.56

Marine Products was devastated buy the Gulf Coast disasters, as replacing recreational craft took a back seat to survival and home rebuilding. But this market will eventually recover.

swingmoonkey (< 20) Submitted: 9/15/2006 4:47:13 PM : Start Price: $8.46 MPX Score: +32.53

I hope no one loses money on this or any stock, but am also expecting (and hoping) that use of these gas-guzzling, noisy powerboats will fall off, and down will go the stock price.

Abbynormal92243 (25.05) Submitted: 9/15/2006 4:28:25 AM : Start Price: $8.54 MPX Score: -33.23

It's been a rough ride this past year, but I like the high insider-ownership and the company's commitment to quality.

deitrick (22.89) Submitted: 9/13/2006 3:13:54 PM : Start Price: $8.56 MPX Score: -34.21

This is a cyclical stock that has been in a downward swing for some time. Management seems to making the transition well from small boats to larger boats, which have a higher margin and depends less on economic swings. Definitely not a stock for short term investors though, as growth in this sector is slow.