A analyst with RBC Capital Markets recently described the consumer durables and the marine market as a war zone.
This analyst surveyed 500 leisure product dealers and concluded that marine and RV dealers have been hit particularly hard.
Here's link to an article
http://www.boating-industry.com/output.cfm?id=1833787
Another indicator of how tough the market is can be found in MarineMax's latest sales results.
MarineMax recently reported a 45% plus drop in sales for 2008 with earnings and expects a fourth quarter loss of between .58 to .68 cents per share versus a net income of .35 cents in the comparable quarter last year.
Here's a link to an article on MarineMax's results...
http://www.boating-industry.com/output.cfm?id=1833787
-Chris
This analyst surveyed 500 leisure product dealers and concluded that marine and RV dealers have been hit particularly hard.
Here's link to an article
http://www.boating-industry.com/output.cfm?id=1833787
Another indicator of how tough the market is can be found in MarineMax's latest sales results.
MarineMax recently reported a 45% plus drop in sales for 2008 with earnings and expects a fourth quarter loss of between .58 to .68 cents per share versus a net income of .35 cents in the comparable quarter last year.
Here's a link to an article on MarineMax's results...
http://www.boating-industry.com/output.cfm?id=1833787
-Chris