Recreational Boat Stocks in Troubled Waters

Description:

Last Thursday, MarineMax,the largest recreational-boat dealer in the U.S. -- said it expects to earn 45 cents to 65 cents a share for the year ended Sept. 30. In January it had said it expected to earn $1.40 to $1.50 a share. The decline in the housing market appears to be taking its toll on the company, especially in Florida, where it does more than 40% of its business. "While most of our consumers still have the ability to purchase a boat, they lose their appetite to pull the trigger when uncertainty enters the equation," said MarineMax CEO Bill McGil-WSJ
This portfolio of companies operates dealerships or sells supplies to boat manufacturers.

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