West Marine reports record cash flow ...

West Marine reports record cash flow for '09, returns to profit

There are 3 comments on the Santa Cruz Sentinel story from Mar 16, 2010, titled West Marine reports record cash flow for '09, returns to profit. In it, Santa Cruz Sentinel reports that:

Although sales declined for West Marine in 2009, the boating supply retailer generated a record cash flow in 2009, returned to profitability and paid off all debt, according to company statements Tuesday.

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informed employee

Oakland, CA

#1 Mar 16, 2010
Sounds like Katrina hit Boaters World harder and they couldn't recover. Congradulations to this team of execs. But, 7.6 million in bonuses, umm, that is not necessary. Millions of Americans are out of work and money like that could keep a family from foreclosure, unemployment, food stamps and homelessness. Millionaires and billionaires have done very well in the last year and they will buy high end mechandise and services. Giving millions in bonuses is not helping the company image. If I was a stockholder I would speak up.
The Dude

Santa Cruz, CA

#2 Mar 16, 2010
informed employee wrote:
Sounds like Katrina hit Boaters World harder and they couldn't recover. Congradulations to this team of execs. But, 7.6 million in bonuses, umm, that is not necessary. Millions of Americans are out of work and money like that could keep a family from foreclosure, unemployment, food stamps and homelessness. Millionaires and billionaires have done very well in the last year and they will buy high end mechandise and services. Giving millions in bonuses is not helping the company image. If I was a stockholder I would speak up.
Last time I checked they were in business to make money! Why dont you keep your whiney hippie shyte to yourself!

“End Corporate Domination!”

Since: Oct 08

Santa Cruz

#3 Mar 16, 2010
Maybe other businesses can benefit from the WestMarine strategy: Double your prices on everything, triple or quadruple the prices on some things.

It's a great strategy, when you're a monopoly.

F--k WestMarine.

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