T&T: West Marine 2009 catalog

[Mike. Maurice]

Here is a little more about WM.

MSN Money reports that former owner, Randy Repass, bought about $2.5 
million overall in stock, starting about the middle of September and 
into early October.

The stock had gone way down during the early spring and summer. A day or 
so before he started buying, the stock took a sudden downturn. It looks 
as if he may have been trying to stabilize the stock price and help the 
overall trading volume which has generally been low. That effort was a 
success for at least a few weeks.

That was a gutsy move on his part. Otherwise the stock price has been 
following the general market trends.

WM is not what you could call a big firm in comparison to the really 
important stock market traded firms. It's not easy for any company to 
keep afloat and profitable in the present downturn. As a practical 
matter it is probably not in the interest of any of us boaters to have 
any of the major boat supply dealers go under or even be severally damaged.

I hear that the local Tow Boat US franchisee went out of business here 
in Portland, about 2 months ago.


Mike
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Capt. Mike Maurice
Tigard Oregon(Near Portland)