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Old 06-01-2018, 07:17 PM   #22
South of Heaven
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City: Sharon, Ma
Vessel Name: Slow Lane
Vessel Model: 2005 Silverton 35 Motoryacht
Join Date: May 2017
Posts: 1,167
Future is still uncertain for West marine IMO. Private equity guys will want their return back pretty soon. Hostile or not they need large sums coming in. I see an Amazon collaboration in the future.

They are closing stores too. Problem is their markup and online competition as well as dropping boat ownership. For example boat ownership is down 20% in Oregon since 2000.

Younger folks are not gravitating to boats like in the past. And can you blame them!! Its hard to justify buying a high dollar asset whose value sinks faster than the Titanic.

IMO the bigger problem is the new boat sales stats....if WM fails that doesn't mean squat. But once the big name builders go under then its an issue, and I'm not talking about restructuring entities. I mean like gone forever.

Wal-Mart 2030.
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Jason

2005 Silverton 35 Motoryacht
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