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Re: T&T: West Marine Sticker shock

From: Jim McCorison (no email)
Date: Wed Dec 01 2004 - 19:51:09 EST

  • Next message: Jeff Evans: "T&T: RE: another holding tank guage question!"

    At 07:29 PM 12/1/2004 -0500, wrote:
    >If you really believe the company
    >is raping the public, get even, go out and buy some shares and reap the
    >windfall and buy your stuff where you fell you get the best value for your
    >money for your circumstance.

    Actually I did own a bunch of shares. I bought them not because I though WM
    was raping the public, but because, back in the mid to late 90's WM was
    competitive and seemed to be the best bet going. Unfortunately they started
    raising their prices, did the horrible pre-packaged fasteners experiment,
    and other such things. Bottom line was "The Street" certainly didn't think
    much of WM from a business perspective. After several years of the stock
    sitting there doing nothing I dumped it all. The money put in a regular
    savings account would have performed better. It's interesting to see that
    their stock is still just about where I bought and sold it at 5 years ago,
    but thankfully I missed the tank of 2001.

    Jim McCorison
    Starfish Marine
    (619) 337-5370
    http://www.starfish-marine.com
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