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Monday, September 13, 2010 10:52:55 AM
#1. LTDU Builds Technologically Advanced Boats
Characterized by cutting edge design and technology, Latitude builds the most wave-shattering powerboats in the market. The company utilizes advanced composite materials and epoxies which distances Latitude Powerboats from the rest of the industry. The company’s technologically superior boats are a key selling point and which according to us could enable Latitude to continue attracting significant interest in its products and grow at a much faster rate than the industry. Clients include the the U.S. Homeland Security who LTDU reported a buildout of more than 40 patrol boats for the government agency.
#2. LTDU is Experiencing Robust Revenue Growth
Recently, Latitude announced that it landed agreements worth two-hundred and fifty dollars. Moreover, LTDU is restructuring and reorganizing its business which will EXPAND the company with a drive to be a key player in the power sports and boating-related products market. The other good news from the recent update was that the company is getting closer to closing the acquisitions that have been announced earlier. We could expect positive news from the company regarding its financial and business restructuring and this might move the stock price up in the next few weeks.
#3. Fast Growing Market Opportunity
Demand for powerboats will be supported by their ease of operation and retreating fuel prices. Separately sold propulsion systems for recreational boats is expected to be the fastest growing product segment during the 2007-2012 period. Demand for boating accessories is projected to see above-average growth through 2012, reflecting consumer preferences to customize their boats through the addition of accessories and the proliferation of high-tech navigational and electronic devices.
#4. Rapid Recovery In The Marine Industry
Industry growth is beneficial as a macroeconomic factor with all business. The marine industry seems to be rapidly recovering. According to Carolina Hernandez, CEO of Latitude Industries, “In the past weeks we have experienced a good volume of calls and email enquiries for new boats.” This we believe is a very encouraging sign for Latitude Industries, Inc.
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