Value Microcaps Motherboard

[10 bagger]

IN reply to gilead 23

JMIH Hank

Make your own buy and sell decisions of course but I think you are wrong on several points on JMIH. First the notion that there is a lack of demand for boats conflicts with reality.
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hank...I don't ever remember saying that there was a lack of demand but that there was a lack of space to put them... We build a boat each day of the week but they do not compete with power boats..

I would point to the backlog and sales at both JMIH and FPB as well as Brunswick who just raised estimates on strong marine sales. Industry wide things look pretty strong right now. I realize you are simply making extrapolations based on antecdotal observation they just dont coincide with actual numbers.
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Hank... As i live next door to Boston whaler I am well aware of the boats that leave each day to thier dealer network.. Each Whaler is sold before it leaves and doesn't have floor planning... Having dealers in the hundreds allows for steady pipelines..

As far as cost trends in resins I haven't researched this one heavily enough to know precisely where they are going but some resin prices have dropped recently and increases in others is starting to see price resistance.
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hank..This is one that I don't have to research because we buy 3 drums a week...We also use 25 gals of gel coat and 30 gal of acetone in the same period...

ICOC also said on their last CC they see resin prices stabilizing..
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Hank.. ICOC does not use the same Resins that are used in boatbuilding ...

This is a pretty good resource.
http://www.plasticstechnology.com/pricing/
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hank...This is from the same website at the BOTTOM of the page and does not say what you are trying to say in print...
Thermosets rise again
AOC, CCP, and Ashland hiked unsaturated polyesters and gel coats 4¢ in April, but Interplastic and Reichhold posted 5¢ hikes. CCP followed other suppliers by raising vinyl esters 15¢. In addition, Durez Corp. boosted phenolic compound prices 5¢ to 10¢ on Apr. 15.

hank... Backlogs and deposits in the boatbuilding are like buying real estate..It only holds a time slot and rarely costs 1%... And in most cases it is fully refundale...It is so hard to self finance in the boat building industry without a dealer network.. That is why those that floorplan such as Brunswick keep acquiring new boat manufactures... Frankly they just forclose on all the engines and hardware they sold them and if it was in an unsold boat that went with...

Sorry but this is hard to sugar cote and it could turn around ...Insurance in Florida is hard to come by on go fast boats after the hurricanes and that is a fact...