Strake Inc (SRKE)

[downdraft]

From Google, there are conservatively 5,000 luxury yachts worldwide and 6 million boats in Europe, which is where they seem to be focused. If they could get 1 out of every 1,000 owners of those boats to eventually sign up, over time, that would be 6,000 boats.

If they only had 500 boats/yachts signed up within a couple of years, that they could rent 14 days per month, at say $200 per day on average to VITX, that would be $16.8 million annually. I think their target was $5 million by Q4 2023. That might be a nice little business, but nothing earth-shattering.

It's kinda like my football stock; just gotta wait for another 3-6 months to see if things work out. Might be worth a nice little pop between now and then. At least the stock has only been running steady sideways for 6 months, so it doesn't appear to have much downside risk. I have my starter shares just in case they surprise us.