Weekly 5: Marine stocks rebounding after subpar sales
The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.
1. Marine stocks rebounding after subpar sales
After taking a bit of a beating following poor June boat sale numbers, marine industry stocks have rebounded lately.
Most notably, Brunswick Corp. stock dropped 6.79 percent in a day earlier this month to as low as $33.84 a share from its previous levels over $36. After a second-quarter earnings report that beat expectations last week,Brunswick has reclaimed those losses, closing back at $36.42 Monday.
MarineMax was also affected to a lesser extent, with share price dropping from more than $12 to $10.17 last week – it’s lowest price since January. Since then, the national dealer’s share price has increased more than 11 percent, closing at $11.31 Monday.
Marine Products Corp. appears to have been mostly unaffected by the reports, trading around $9 a share recently.
2. Low reservoir levels a concern in Utah
Lower-than-usual water levels in reservoirs throughout Utah is hurting fishing and boating there, local officials say.
A lack of snow combined with high heat has hurt levels there and made some reservoirs more difficult to access. In some instances, state officials are raising fishing limits in order to get more fish caught before they die in the lower water levels.
3. 7 myths about selling your business
For many small business owners, the retirement plan is selling the business. In a recent NFIB Small Business Webinar, John Sloan shared seven myths about selling your business – three of them previewed in this article.
4. How to say “no”
Every boss has to say “no” to employees from time to time, whether it’s for something big or small. The Intuit Small Business Blog has some good advice on how to do it without hurting morale. (link:
5. How hashtags attract wealthy customers
With affluent customers flocking to social media more than ever, searchable hashtags (the “#” sign) are more important than ever as Facebook rolls them out, says Forbes.