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Marine Max Stock

Discussion in 'General Yachting Discussion' started by Capt Ralph, Dec 9, 2021.

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  1. RER, Jun 9, 2024
    #21
    RER

    RER Senior Member

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    I don’t use an advisor. I’ve never been one to take a lot of advice in general haha.

    Some time ago I sold all stocks but XOM which I’ve had forever it’s up 50% in 5 years and also pays a nice dividend. I may wake up someday and bail on that too we’ll see.

    The rest is in CD’s. I’m now getting over 5%. Even with a drop in rates I don’t see myself moving anymore cash back into stocks. I’m more focused on protecting principal at this point in my life. I’m pretty much done with risk.
  2. Norseman, Jun 9, 2024
    #22
    Norseman

    Norseman Senior Member

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    XOM has been good to me as well, bought a bunch during the pandemic for $36, also bought BP and Shell stock, they did go up as well, but the best of the bunch was XOM, should have bought more..
    Been doing Index Funds the last 2 years, no complaints there, hell of a ride, even if fueled by the inflation.
    Don’t Stop The Carnival. :cool:
  3. Capt Ralph, Jun 9, 2024
    #23
    Capt Ralph

    Capt Ralph Senior Member

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    My one direction was MM.
    All others was mim risk, mixed.
    Yes, the last 12 months is different than the last 3 years.
    Were fixing to pull the plug on it all.
    Purchasing more pickle jars, ammo and RTEs packs.
  4. SeaEric, Jun 13, 2024
    #24
    SeaEric

    SeaEric YF Historian

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    A rumor repeated to me today suggests that One Water will purchase Marine Max.
  5. Capt Ralph, Jun 13, 2024
    #25
    Capt Ralph

    Capt Ralph Senior Member

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    I was about to dump this summer in prep for the elections. I'll drag my feet. Can not loose much more.
  6. RER, Jun 14, 2024
    #26
    RER

    RER Senior Member

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    The offer that’s currently on the table is $40 per share. Funny thing is OneWater is a significantly smaller company.

    Both companies saw positive growth from the “covid effect” but it’s all been downhill since. Both are currently operating in negative territory.

    Not sure how this deal makes any sense. But stranger things have happened.
  7. Capt Ralph, Jun 14, 2024
    #27
    Capt Ralph

    Capt Ralph Senior Member

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    Is this one water marine or one water yacht group?
  8. RER, Jun 14, 2024
    #28
    RER

    RER Senior Member

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    OneWater Marine owns OneWater Yacht Group.
    Capt Ralph likes this.
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