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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details