Trade In Mexico

West Marine Shares Appear Greatly Overvalued And Poised For A Decline

It could be time for a wake up call at West Marine (NASDAQ:WMAR). I recently looked into buying a boat and that led me into considering this stock as an investment. However, after hours of research and reading filings and financial reports, it became clear this is not a stock I would invest in.

It seems that some shareholders are being way too apathetic about a number of potential red flags that are mounting for this stock in terms of the technicals and the fundamentals. Some recent events such as a change of auditors, repeated insider selling, weaker than expected sales and earnings, a spotty earnings history, and a grossly overvalued share price are just some of the...

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