NEW YORK – Shares of recreational boat retailer MarineMax Inc. stock could rally more than 20 percent in the coming year, the weekly financial newspaper Barron's has predicted, according to a story run yesterday by the Reuters news service.
Barron’s said MarineMax stock has risen 45 percent this year, outpacing the Standard & Poor's SmallCap 600 index, which rose 17 percent.
Barron's said MarineMax is expected to build the business of selling powerboats and yachts into a $2 billion company within five years, implying a sales gain of 150 percent, Reuters reported.
MarineMax, which has about 2 percent market share, will see "tremendous opportunity to grow for a long time," investor Chris Gillespie, vice president of Schneider Capital Management, told Barron's.
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