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Tuesday, 09/13/2005 1:53:15 PM

Tuesday, September 13, 2005 1:53:15 PM

Post# of 173904
WMAR (boat retailer) warned today.....might not bode well for JMIH.ob.

http://biz.yahoo.com/bw/050912/126156.html?.v=1

In the aftermath of Hurricane Katrina, and for other reasons indicated below, West Marine is lowering its fiscal year 2005 earnings guidance to range from $0.70 to $0.75 per share. The decrease in earnings directly attributable to the impact of Hurricane Katrina is expected to range from ($0.03) to ($0.04) per share. The trend in higher fuel prices and reduced boating activity nationwide associated with Hurricane Katrina, and the resulting decrease in sales of boating-related merchandise, as well as higher shipping costs, is expected to further reduce 2005 earnings from ($0.14) to ($0.17) per share. In addition, West Marine's continuing long-term commitment to maintaining proper store service staffing levels is expected to reduce fiscal 2005 earnings by another ($0.03) to ($0.04) per share.


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