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 week on BoatingIndustry.com.
1. Center for Coastal Conservation launches 'Let America Fish' campaign
The Center for Coastal Conservation has announced a new "Let America Fish" campaign, aimed at highlighting the impact of the recreational fishing and boating industries on the U.S. economy and promoting the industries' efforts to reform Magnuson-Stevens.
“Recreational boating and fishing are two of America’s oldest and most beloved past times. They are family friendly activities that connect people to nature and help them to develop an abiding respect for our natural resources,” said Center for Coastal Conservation President Jeff Angers. “Through the ‘Let America Fish’ campaign, we hope to help lawmakers and the general public understand why current federal fisheries law is unfair to the recreational angling community. Revising federal law and agency guidance will ensure fair and reasonable access to America’s fisheries and improve fisheries management to guide the future of recreational fishing and boating.”
2. Water Resources Development Act advances in Senate
One of the first pieces of legislative activities as Congress returned to session last week has centered on the reauthorization of the Water Resources Development Act, NMMA reported. Senate leaders have brought the package to the floor for debate, which was viewed as the biggest hurdle to clear; the bipartisan bill has strong support in the Senate and leaders are confident the bill has enough votes behind it to pass this month, NMMA said.
3. Analysts weigh in with positive ratings on Malibu
Several analysts are boosting their ratings on Malibu Boats. Investment analysts at TheStreet raised it from a “sell” rating to a “hold” rating in a research report issued on Wednesday, while SunTrust Banks Inc. boosted their target price on shares of Malibu Boats from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday. Earlier, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Malibu Boats in a research note on August 18 and Zacks Investment Research raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a research note on August 23rd.
4. SCORE announces 'Best in Small Business'
SCORE offers great resources for small business owners and those looking to start a business. The SCORE Awards is an annual event that celebrates the outstanding achievements of America's small businesses.
The winners offer several best practices and some inspiration for any small business.
5. 6 ways to protect your online reputation
It's easy to make mistakes with your social media efforts, but Social Media Examiner has some advice to share with anyone who touches your social media efforts. Here are six ways to present your business in the best light possible on social media.