Archive for » December 24th, 2017«

Contrasting LCI Industries (LCII) and MarineMax (NYSE:HZO)

MarineMax (NYSE: HZO) and LCI Industries (NYSE:LCII) are both retail/wholesale companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, valuation, risk and analyst recommendations.

Dividends

LCI Industries pays an annual dividend of $2.20 per share and has a dividend yield of 1.7%. MarineMax does not pay a dividend. LCI Industries pays out 39.2% of its earnings in the form of a dividend.

Volatility Risk

MarineMax has a beta of 1.04, suggesting that its stock price is 4% more volatile than the SP 500. Comparatively, LCI Industries has a beta of 1.28, suggesting that its stock price is 28% more volatile than the SP 500.

Earnings Valuation

This table compares MarineMax and LCI Industries’ top-line revenue, earnings per share and valuation.

LCI Industries has higher revenue and earnings than MarineMax. MarineMax is trading at a lower price-to-earnings ratio than LCI Industries, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares MarineMax and LCI Industries’ net margins, return on equity and return on assets.

Analyst Ratings

This is a summary of recent ratings and price targets for MarineMax and LCI Industries, as reported by MarketBeat.

MarineMax currently has a consensus target price of $21.67, indicating a potential upside of 9.43%. LCI Industries has a consensus target price of $121.00, indicating a potential downside of 6.09%. Given MarineMax’s stronger consensus rating and higher probable upside, equities research analysts clearly believe MarineMax is more favorable than LCI Industries.

Insider Institutional Ownership

88.4% of MarineMax shares are held by institutional investors. Comparatively, 97.7% of LCI Industries shares are held by institutional investors. 5.0% of MarineMax shares are held by company insiders. Comparatively, 3.6% of LCI Industries shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

LCI Industries beats MarineMax on 11 of the 17 factors compared between the two stocks.

About MarineMax

MarineMax, Inc. is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016. The Company also sells related marine products, including engines, trailers, parts and accessories. In addition, it provides repair, maintenance, and slip and storage services; arranges related boat financing, insurance, and extended service contracts; offers boat and yacht brokerage sales, and operates a yacht charter business. The Company primarily sells recreational boats, including pleasure boats and fishing boats. The Company offers marine engines and equipment and sells marine engines and propellers primarily to retail customers as replacements for their existing engines or propellers.

About LCI Industries

LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc. and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment. The OEM Segment manufactures or distributes an array of components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; pontoon boats; manufactured homes; modular housing, and mobile office units. The Aftermarket Segment supplies components to the related aftermarket channels of the RV and adjacent industries, primarily to retail dealers, wholesale distributors and service centers. The Aftermarket Segment also includes the sale of replacement glass and awnings to fulfill insurance claims.

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‘Oz’ boat builder shares his life’s grand design

THE Philippines is blessed as a country surrounded and inundated by various bodies of water, with more than 7,000 islands being embraced by the Pacific Ocean, a plethora of seas, as well as a generous dotting of lakes.

In the Southern Tagalog region, the majestic and enthralling Taal Lake is a constant attraction not only for our countrymen, but also for foreign nationals who have chosen to stay in its fringes and take inspiration from this unique wonder of nature.

In Photo: Australian Michael Storer takes on Taal Lake with the Oz Goose.

Nestled in the sleepy town of Mataasnakahoy in Batangas province, non-governmental organization Taal Lake Conservation Center (TLCC)-Pusod Inc. is at the forefront of overseeing the sustainability of the lake’s surrounding areas, particularly in its southwestern region. Of the many worthwhile activities to partake there, aside from sailing and hiking to Taal Volcano’s island-crater crater, visitors could choose to navigate the lake itself through parasailing and boating.

Docked in TLCC’s lakeside are lightweight boats, which might appear peculiar at first glance. They actually follow the blueprint of the Oz Goose, and a quick online search about their build will reveal their other qualities: fast, elegant and family-friendly.

The name of the model itself bears a clue about the nationality of its designer. This author first met the brains behind Oz Goose, Australian Michael Storer, sometime in 2015, and was actually able to have a hand in building one of the said vessels during an activity within TLCC.

On a recent return trip to the site, the former got reacquainted with Storer on a sunny Saturday morning, backdropped by a full view of the world-famous volcano and over warm cups of Batangas barako brew.

The sailor cuts through water with one of his sailing creations.

It was serendipitous to say the least, as the Aussie was doing some final touches on an Oz Goose with a trusted local. As its designer, he was able to describe the elements that float his boat, quite literally and figuratively.

Storer was actually already into the business of boat building and sales of materials that go into it. But his affinity with the seas and marine vessels started during his formative years where he cut through the bodies of water surrounding his native Sydney “by any means possible.”

He confessed: “Since I was 12, sailing and boat building were the core of my life.”

In school, his being “self-trained” on putting together boats was complimented with sound academics (“I aced Chemistry…”) as he specialized in naval engineering (“…which proved to be immensely valuable.”) and professionally as an employee of a boat firm.

During those years, he spent time in Adelaide as an apprentice honing his craft, building boats that were lightweight with a minimum requirement on materials. These were the precursors of the Oz Goose, which sailed across water surfaces swiftly.

From overseas to online

HOWEVER, an injury from a bicycle accident in 2003 rendered him unable to perform his regular duties, including lifting heavy stuff. He shared with the BusinessMirror: “I packed my bags, headed to Asia and tried to discern what I would like to do with my life.

“Back then, I had already created plans for boats, but that wasn’t enough to earn me a living. So I decided to turn my passion of boat building into a hobby-business.”

For some reason, Storer found himself in what seemed a crossroads of his life. “I needed to clear my head for a while then. A friend in Taiwan invited me for tea, which is a huge interest of mine.”

Perhaps, the pacing in this side of the world appealed for a more straightforward, less-hurried lifestyle—not surprising for someone whose life revolved around boats and the waterfront. In the years that followed, he stayed in one location every six months and returned to the Land Down Under for the rest of the year.

This Australian recalled the boom of online activity at that time, and the phenomenon somehow contributed to his drive to carry on with his prospects. The platform became an avenue not only for the availability of sourcing materials and supplies, (this was during the advent of eBay) but also for exchange of ideas.

While his contemporaries were still drafting their designs on paper, he was doing them digitally—on a word processor. That method somehow enabled him to merge his plans with photos. And while others were submitting documents to printers through hard copies, he easily packaged them on PDF files. He was able to write what according to him was a “boat-building course in a book” for novices and those who want to learn from scratch, complete with instructions and list of materials.

Positive ripple effect

BRINGING a boat to life, for Storer, is a means to an end. His mantra in building them is “simplicity, simplicity, simplicity—without sacrificing performance, but rather enhancing it.”

But beyond the boats themselves—seeing their creation as raw materials to their finished form—what interests him is the transformation that happens to people when they have “sufficient support” in putting together one.

Another, he said, is observing people who availed themselves of his plans share his passion by building their own boats page by page, step by step, then enjoying their creations by actually taking them to the water. Their experiences are heightened when friends and others share them online and appreciated, thus increasing the influence. Everything becomes participatory.

The boat builder philosophized, “In this ‘manufactured’ world, we just tend to buy things, and the skills level go down. We rely more on experts. In building my boats, people could become experts themselves and in the eyes of the persons around them. It opens up a world of possibilities.”

Digital- and Internet-savvy that he is, he was able to cash-in on the files by selling them online. It helped that he was able to create his web site and down the line, found substantial presence through what we now know as social media.

Storer is careful in labeling his patrons as “consumers” but looks at them as “very real persons” as he uses the digital platform to keep in touch with them. And the interactions are palpable.

“The person who, two years ago, was afraid to cut through the first sheet of wood is now giving confident advice to someone on using a jigsaw,” he proudly disclosed. But how does he do it?

He revealed he leverages on his presence on social media, particularly on his Facebook group, where he “takes care” of his existing client base, who in turn transfers the knowledge and skills to new ones. The interactions emanate from all corners of the globe and in almost every continent where boat building is a possibility.

Consistency is also key, Storer added, to the approach on his designs so that his followers understand his plans clearly. “And I don’t have to be online all the time!”

A different perspective

WITH his blueprints available digitally, isn’t he afraid of his intellectual property being copied, cannibalized, compromised and wrongly commercialized?

Aware of the numerous copyrights protection available to him, Storer chose to cruise on a different path—one founded on sharing and collective ownership.

“I saw the spirit and the feeling when something becomes a group effort, and when something is done in a generous way: the whole user base wants to protect it.”

He cited the operating system Linux as an example, where people all over the world contributed to its improvement, kept the discussion going and released regular updates. Another is a famous musician who disseminates digital samples of a newest album for free to generate demand and bolster sales.

“As they say in Australia: A pirate is a lazy bastard.” And he has his faithful followers to champion his cause, openly pointing out similarities of what seemed to be poor imitations of his originals.

His sojourns in this corner of the world might have had a hand with this Zen-like approach to his vocation. Rightfully so, as he intimated to have found a safe harbor in Laurel, Batangas with a Filipina who ably lends him support with his boats, specifically with the manufacturing of their sails.

Like a sailor going back to his original port, Storer is in Australia for the holidays with his family in tow. But Batangas can always look forward to him being back by the New Year, spreading the gospel of sharing through boat building.

If the Philippines is blessed through the element of water, the world is blessed with people like him, an “Oz” with a big heart.

 

Find Michael Storer through his Facebook page or contact the TLCC (www.pusod.org) for more information on the aforementioned water-based activities.

Image Credits: Jimbo Albano


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Expo marketer touts success – DeSoto Times

The Memphis Boat Expo, produced by Jeff Turnbow, is set to dazzle Mid-South watersport enthusiasts and anglers alike.

Set for the Memphis Cook Convention Center from Jan. 12 to Jan. 14, the Memphis Boat Expo is being presented by Cobalt, Mastercraft, Southaven RV Marine and Boat Warehouse.

The Expo itself is in the expert, capable hands of Turnbow, a best-selling author, innovative marketing and leadership expert.

Turnbow possesses considerable expertise in talent and leadership development, performance management, marketing, and capability building. In addition to serving clients on these topics, Turnbow works as a marketing strategist for a few large clients. He serves as a public speaker and adjunct professor on similar topics.

Turnbow spent the first 20 years of his career in sales and marketing leadership. Turnbow is actively involved in staying at the forefront of transformational leadership and marketing through continuing education and thought leadership.

He was recently interviewed to appear in a thoughtleader® show on FOX, CNN, and MSNBC. Turnbow is certified in Digital Strategy at Harvard University; serves as an adjunct professor at the University of Central Arkansas; Certified by Google; Certified by E-Cornell; and Certified by LinkedIn University.

Turnbow recently received a Quilly award, for becoming a best-selling author in Mastering The Art of Success with Jack Canfield. Turnbow also received Editor’s choice among the more than 30 contributing authors.

“We plan to raise the bar big time,” Turnbow said. “According to our research, there has never been an event like this to showcase the boating lifestyle. This downtown Memphis Boat Expo is focused on giving visitors much more of what they expect in a premier regional showcase. We will pack the Cook Convention Center with boats and boat manufacturers, offering the best prices and incentives to buy in 2018. Our January date allows us to premier the very latest and greatest in the boating industry before previous leaders such as Nashville. New innovative ideas and experiences will ensure that Memphis sets the new standard with a Boat Expo that rocks.”

Produced by TURNBOW, INC., the Expo is on track to rival the biggest and best boat shows. The first annual downtown Memphis event will cover the entire main hall and pre-function areas of Cook Convention Center. Fourteen boat dealers from Tennessee, Mississippi, and Arkansas will fill over 130,000 square feet. Products being exhibited include boats of all kinds and sizes, jet skis, personal watercraft, paddle sports, kayaks, lures, marinas, resorts, motors, slip rentals, servicing, insurance, trailers, real estate, and decking. Additional outdoor lifestyle brands such as Airstream, Polaris, Yamaha, and more! Garage parking is free. Corky’s Bar-B-Que will be serving up their Memphis best, and the newly renovated Sheraton has a limited number of discounted rooms for those mentioning the Expo. The Memphis Boat Expo will be open Friday, Jan. 12 through Sunday, Jan. 14. Each day will include a theme focus. Friday is the VIP Preview Party with Country Mega Star Josh Turner, presented by Sugar Loaf Boat Sales. A concert will happen inside the expo center. Concert tickets also include Boat Expo admission all day. Saturday is themed “The Boat Show That Rocks” and will feature a concert from Journey former lead singer Steve Augeri.

On Saturday, the first 1,000 to come down will receive a scratch card and someone could win a boat! Concert ticket holders may watch the show in the general seating area inside the expo or get invited to enjoy it from a pontoon or speed boat. Concert tickets start at $45. Boat Expo only tickets are $15 for adults and free for kids under 12.

Sunday’s theme is Faith, Family, and Freedom. Sunday will be a patriotic day, including an inspiring talk by world renown Chad Williams, author of Seal of God, and Navy Seal. Other surprises include a filming of the bus stop weather forecast by WMC Action News 5. Kids can dress in their favorite weather gear, come in for a quick filming, and be featured in the 2018 WMC Action News 5 weather forecasts. Pros, such as Chad Hoover, star of the Sportsman’s Channel and World Fishing Network will be on site to teach free classes. For more details and to sign up for the weekly Memphis Boat Expo announcements, schedule details and more, visit www.MemphisBoatExpo.com or follow MemphisBoatEXPO on Facebook.


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