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Old 06-23-2009, 04:02 AM   #1
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I have read in the trade press that Raymarine is in financial difficulty. Does anyone have more information?
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Old 06-23-2009, 03:25 PM   #2
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Here is the link to today's LSE's stock report on Rayrine - RAYMARINE

Could you give us a link to the article/s describing difficulties that the company nay be experiencing??
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Old 06-24-2009, 03:13 AM   #3
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http://www.reuters.com/article/technology-...G50218020090612
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Old 06-24-2009, 08:54 AM   #4
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Thanks Roger,

That analysis does indicate a problem - dated 12th June, any indications that they found a white knight ??

Richard
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Old 06-24-2009, 11:32 AM   #5
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I do know that they are current with shipping product to West Marine. They also have a window of opportunity in that Garmin is rolling out a new mid-range chart plotter line and sold out the old line quicker than expected so there are shortages of the Garmin chart plotter and chart plotter/fish finder products. Of course everyone in the marine industry is trying to cope with the economy and several "names" have gone out of business. That might make investors more wary than normal.
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