The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.
1. Dealers optimistic at Houston boat show
Early reports from the Houston International Boat, Sport & Travel Show have dealers feeling confident about the event and the market there this year.
Organizers are expecting attendance to reach 100,000, and the Houston Chronicle quoted multiple dealers expecting a good show.
2. Chaparral, Robalo parent announces share buyback
Marine Products Corp. announced Friday that the company had purchased nearly 25,000 shares of its own stock during the fourth quarter of 2014 under its share repurchase program.
The company’s stock price reached as low as $6 a share on December 1, but has since climbed back up above $8 a share.
3. Michigan governor signs drunken boating law
Michigan Gov. Rick Snyder has signed legislation lowering the maximum blood alcohol content level for operators of boats and other watercraft to 0.08 from .10, matching the levels for automobiles, MLive.com reported.
The new law also prohibits individuals with illegal drugs in their system from operating a watercraft. The new limits also apply to snowmobiles and other off-road vehicles.
4. Police looking for Key Biscayne hit-and-run boater
Police are still seeking information on a boater who crashed into another vessel near Miami Marine Stadium, injuring an 8-year-old girl, WSVN TV reports.
The unidentified boater fled the scene after hitting the seven-passenger boat.
5. How social listening can improve your company
Are you listening to the social media feedback on your company? Are you making the most of it? Seeing what people are saying about your company and responding to it needs to be a key part of your social media strategy. Here are some tips from Social Media Examiner.