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Enter Symbol:
 
West Marine, Inc. (WMAR) [hlAlert]

Rating:
Mkt Outperform
WMAR
down 13.78 %

West Marine, Inc. (WMAR) rated Mkt Outperform with price target $14 by Avondale

Posted on: Tuesday,  Jun 15, 2010  12:25 PM ET by Avondale

Avondale rated Mkt Outperform West Marine, Inc. (NASDAQ: WMAR) on 06/15/2010, when the stock price was $10.23.
Since then, West Marine, Inc. has lost 13.78% as of 08/27/2015's recent price of $8.82.
If you would have followed this Avondale's recommendation on WMAR, you would have lost 13.78% of your investment in 1899 days.

West Marine, Inc. (West Marine) is a boating supply retailers. The Company operates three segments: Stores, Port Supply (wholesale) and Direct Sales (Internet and call center). During the fiscal year ended January 3, 2009 (fiscal 2008), the Company?s Stores segment generated approximately 88% of its net revenues. West Marine's 344 Company-owned stores are located in 38 states, Puerto Rico and Canada. In addition, it has one franchised store in Turkey. Port Supply segment is the wholesale distributors of marine supply and equipment in the United States. Direct Sales segment, which includes the Internet and call center operations, offers customers worldwide more than 50,000 products and accounted for 6% of its net revenues during fiscal 2008.

Avondale’s research analysts are charged with producing high quality, independent, value-added, and timely investment analysis / advice. The firm’s strategy is to deemphasize maintenance research, and instead direct the overwhelming majority of our efforts on developing well-constructed, actionable recommendations, in part by leveraging proprietary networks of industry contacts. Avondale’s growing research department now totals 25 professionals. Senior analysts average 14 years of industry experience and are routinely recognized by a variety of nationally known rating entities. In the last two years, Avondale Analysts were named to the Wall Street Journal’s Best on the Street poll as well as Forbes.com’s Top Analyst Rankings.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/15/2010 12:25 PM Buy
None
10.23 14.00
as of 12/31/2010
1 Week up  8.25 %
1 Month up  21.94 %
3 Months up  14.86 %
1 YTD up  14.07 %

(*) Stock Price at the time of the recommendation.
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