HZO - MarineMax: Staying The Course Despite Turbulent Waters

2024-05-21 01:17:02 ET

Summary

• MarineMax has underperformed expectations but remains a bullish investment due to its attractive valuation.
• The company has managed to increase revenue, but it has come at a hefty cost to the bottom line.
• MarineMax's stock is attractively priced, and management has authorized a $100 million share buyback program that should add value to shareholders.

Over the years, I have found that patience is incredibly important when it comes to investing. This is especially true during difficult times. Rarely can you expect to generate strong upside immediately after buying shares of a business. But during the time in which subpar performance reigns supreme, the psychological toll that it can take can be difficult to deal with. A good example of a firm that has woefully underperformed my expectations but that I still feel very bullish about is MarineMax ( HZO )....

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