Thursday, April 6, 2017

Boater's New Best Friend

Sometimes one thing leads to another.

We have some modest stock investments, and one of the companies we have recently purchased stock in is West Marine. (WMAR -- Good evaluations. Probably not long term, but there is some money to be made.)

I exchanged some comments with another potential investor about WM in the comments section of an article about the investment opportunity. He asked if there were store locations near every marina. I told him that they did not. As a matter of fact, their intention is to consolidate stores into fewer, bigger stores that cater to not only boaters for parts, etc. but also the marine lifestyle market. (ex. I am currently wearing shoes I bought at WM.)

During this exchange, something occurred to me. It's this: Is it possible that the biggest advance in convenience for cruising boaters in years is Uber and Lyft?

As far as getting around to places like West Marine, or grocery stores, or to hardware stores, or doctors, or whatever, hasn't ride sharing really freed us from many of the constraints we've had?

There is growing criticism about Uber and Lyft about the financial aspects of being a driver for them, and all that is a conversation for another time and place. But, boy, doesn't it make our lives easier when we are a thousand miles from home and got to get somewhere.

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