Mike Chopswell

MarineMax on Shaky Ground

After working for this company during the "high tide" from 1998 to 2001 (and missing the rise up through 2006) I noticed a rapid decline in managerial 'attitude' which was not any fault of any one person, but a true signal that pressures were mounting. Just watching the HZO stock price fall in the past 2 weeks from 11.27 to 9.60 today, I see that all the predictions from this article back in the fall of '07 is truly coming to light. Burdened by heavy inventories and heavily counting on Florida income for the company overall, it is seemingly evident that not just 'insolvency' is coming, but a major CRASH. I feel for you, Bill McGill. So much for your days of showing $2 + million on your income ledger...and Ed Russell and Anthony Aisquith. The days of living fat are gone ... for now ... and maybe even forever. People just can't afford this and those that can...well they can't alone carry the financial burden of one major company. I wish you all well. Thank God for the health-services industry!!!