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Non-Tech : West Marine WMAR -- Ignore unavailable to you. Want to Upgrade?

To: TI2, TechInvestorToo who wrote (126)	3/29/1999 10:52:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 400

TI2, I noticed and am concerned because I had counted on the seasonality. The stock is now below its 1994 level. How many stores did they have in 1994? Probably less than 40. Now over 200. Also, for 1996-1998 there was a sharp seasonal selloff around July. I doubt we'll get that if the stock doesn't rise much before then. WMAR chart 1994-1999 by years geocities.com:80/WallStreet/5464/wmar.gif Guess their SC warehouse problems weren't so easy to fix. But I'm holding for a double anyway. Gottfried

To: TI2, TechInvestorToo who wrote (126)	3/30/1999 1:40:00 AM
From: Dale Stempson	Read Replies (1) \| Respond to of 400

TI2, While it would have been nice to see a repeat of the traditional seasonal upturn, it is not something I'm particularly concerned about. I might not have even been aware of the historical trend if Gottfried hadn't pointed it out to me. <g> I remain patient and optimistic that WMAR will be able to follow through with their 1999 initiatives. I'm behind management's focus on lowering distribution costs, reducing inventory, adding select merchandise, increasing advertising and upgrading the website. Recent year over year sales increases are not bad with Feb comp. store sales rising a bit over previous months. March sales may be less than exciting, but there's little to indicate serious concern. In fact, with analyst estimates well into negative numbers for the quarter, I suspect we hold a reasonable chance of beating the consensus. Regards - Dale