Quick Take
MarineMax (HZO) has announced the acquisition of Boatyard for an undisclosed amount.
Boatyard has developed a mobile application that enables boaters to find and book various marine-related services.
With the deal, HZO adds a capability that certainly appeals to younger boating enthusiasts.
HZO the stock is likely more than fully valued at its current level, given the likelihood of a sharp drop in earnings due to the U.S. economy probably already entering a recession due to the coronavirus outbreak.
Target Company
Ft. Lauderdale, Florida-based Boatyard was founded to develop a mobile