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3 Reasons That The Tide Is Turning For Marine Products

Steven Miller profile picture
Steven Miller


  • Demand for boating is high, and Marine Products has a rising amount of substantially completed boats.
  • Marine Products’ stock price is near 52-week lows.
  • The company is a superbly managed business and friendly to investors.

Father and son yachting

yulkapopkova/E+ via Getty Images

2021 saw a record number of new boat owners launched on the water. Boating quickly became a popular way to enjoy the outdoors while social distancing. According to a survey done by Sea Tow Services

This article was written by

Steven Miller profile picture
The companies I invest in nearly always growing companies paying dividends, with exceptionally strong balance sheets showing little or no debt. Such companies are often small caps, but I have invested in all sizes of companies. I invest in both domestic and international stocks across a variety of sectors.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (14)

OverTheHorizon profile picture
MPX on sale. Last chance before spring/summer. Load up if further drop after earnings. Only restraint is supply chain restraints which is easing.
OverTheHorizon profile picture
Ah boating in the great outdoors with family and friends away from urban crime and viral contamination. Buy an RV from CWH and gear from BGFV to complete the experience. Oh and gas up at TA.
Steven Miller profile picture
Don't forget to complete your water experience with $JOUT.
Steven Miller profile picture
$ESCA is starting to look interesting, too.
OverTheHorizon profile picture
@Steven Miller like MCFT better. In fact it’s my second biggest outdoor position next to MPX. Good article on MPX.
tizod profile picture
Good article, I agreed. A bit ago, I did HZO as I reviewed that a better opportunity. I would have thought there might be some comparision you reviewed as part of this?
Steven Miller profile picture
I've been watching Marine Products for some time now, and have even owned it. I'm not so familiar with MarineMax (HZO). It's balance sheet looks great, and revenue looks like it has exploded. But it doesn't pay a dividend.
Samuel Smith profile picture
Good find my friend! I hope all is well.
Steven Miller profile picture
@Samuel Smith Thanks. The "three reasons" article format came from you. :-)
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