The sale of marijuana for recreational use became legal in Colorado and Washington Jan. 1. For a market that has traditionally
dealt in cash payments, the new laws have left open the question of whether dispensaries will be able to accept credit and debit cards the same as any other business.
Some already are, though they're reluctant to admit how they're able to do so. A Cut Off The Top, a dispensary in Denver, has an advertisement in a recent issue of a local paper called Westword that says it now accepts Visa and MasterCard. A request for comment via e-mail wasn't returned, and a man who answered the phone at the store wouldn't directly answer whether the business accepts debit and credit cards, saying it primarily deals in cash payments.
Top Mid Cap Stocks To Invest In Right Now: Biglari Holdings Inc (BH)
Biglari Holdings Inc. is a holding company engaged in a range of diverse business activities. The Company, along with its subsidiaries, is engaged in investment management and the franchising/operating of restaurants. The Company's wholly owned subsidiaries include Steak n Shake Operations, Inc. (Steak n Shake), Western Sizzlin Corporation (Western) and Biglari Capital Corp. (Biglari Capital). Biglari Holdings, as a capital allocating vehicle, is also in the business of owning other businesses in whole and in part. In February 2014, Biglari Holdings Inc and Alpha Media Group announced that the wholly owned subsidiary of Biglari Holdings has acquired MAXIM.
On April 30, 2010, the Company completed the acquisition of Biglari Capital Corp. (Biglari Capital). On March 30, 2010, the Company, through its wholly owned subsidiary, Grill Acquisition Corporation, completed the acquisition of Western.
Steak n Shake
The Company is engaged in the ownership, operation, and franchising of Steak n Shake restaurants. Steak n Shake is a American brand serving burgers and milk shakes. Steak n Shake offers its patrons full-service dining with counter and dining room seating, as well as drive-thru and carry-out service. During the fiscal year ended September 29, 2010 (fiscal 2010), counter and dining room sales represented approximately 60% of the sales mix, while sales for off-premises dining represent approximately 40% of the sales mix.
Western Sizzlin
The Company is engaged in the franchising of restaurants. Western Sizzlin offers full service dining of signature steak dishes, as well as other classic American menu items. Western Sizzlin also operates other concepts, Great American Steak & Buffet, and Wood Grill Buffet consisting of hot and cold food buffet style dining.
Advisors' Opinion:- [By Dan Caplinger]
As in past years, most of the attention around Cracker Barrel's stock lately has come from the ongoing battle between the company and Biglari Holdings (NYSE: BH ) , which owns roughly 20% of Cracker Barrel's shares. Back in February, the company offered to buy back Biglari's stock in hopes that it could avoid a third consecutive proxy fight to try to get Biglari CEO Sardar Biglari onto the board of directors. But Biglari rejected Cracker Barrel's offer.
- [By Michael Lewis]
Buffett-inspired Biglari Holdings (NYSE: BH ) is not nearly as followed as its model business, Berkshire Hathaway (NYSE: BRK-B ) , but investors in the latter would be wise to keep an eye on the moves of this restaurant-focused holdings company.
- [By Ali Berri]
Cyclical consumer goods & services shares dropped by 0.51 percent in today’s trading. Meanwhile, top decliners in the sector included Biglari Holdings (NYSE: BH), down 3 percent, and Dillard's (NYSE: DDS), off 6.3 percent.
10 Best Recreation Stocks To Invest In Right Now: Manchester United PLC (MANU)
Manchester United plc, formerly Manchester United Ltd., incorporated on April 30, 2012, is engaged in the operations of professional sports team. It provides manchester united a platform to generate revenue from multiple sources, including sponsorship, merchandising, product licensing, new media & mobile, broadcasting and matchday. The Company had three principal sectors: Commercial, Broadcasting and Matchday.
Commercial
Within the Commercial revenue sector, the Company had three revenue streams which include sponsorship revenue; retail, merchandising, apparel and product licensing revenue; and new media and mobile revenue. Retail, Merchandising, Apparel and Product Licensing, it markets and sells sports apparel, training and leisure wear and other clothing featuring the Manchester United brand on a global basis. In addition, it also sells other licensed products, from coffee mugs to bed spreads, featuring the Manchester United brand and trademarks. These products are distributed through Manchester United branded retail centers and e-commerce platforms, as well as its partners' wholesale distribution channels.
The Company retails, merchandizes, apparel & product licensing business is managed by Nike, who pays it a minimum guaranteed amount and a share of the business' cumulative profits. It has formed mobile telecom partnerships in 44 countries. In addition, it markets content directly to its followers through its Website, www.manutd.com, and associated mobile properties.
Broadcasting
The Company generates revenue from distribution and broadcasting of live football content. Broadcasting revenue is derived from the global television rights relating to the Premier League, Champions League and other competitions. In addition, its global television channel, MUTV, delivers Manchester United programming to 54 countries around the world. Broadcasting includes all revenue covering domestic and international television and radio rights. Broadc! asting revenue including, in some cases, prize money received by it in respect of the various competitions.
Matchday
The Company generates revenue during the matchday from the Old Trafford, a sports venue.
Other Matchday revenue includes matchday catering, event parking, program sales as well as membership and travel, Manchester United Museum revenue and a share of the ticket revenue from away matches in domestic cup competitions. Matchday revenue also includes revenue from other events hosted at Old Trafford, including other sporting events (including football matches as part of the London 2012 Olympic Games and the annual Rugby Super League Grand Final), music concerts and entertainment events.
Advisors' Opinion:- [By Eric Volkman]
Manchester United (NYSE: MANU ) will have to make its way forward with a new manager. Sir Alex Ferguson announced that he will retire at the end of the current season, vacating his position after the celebrated English football (soccer) club's match with West Bromwich Albion on May 19.
- [By Trista Kelley]
Science in Sport was created by cycling enthusiast Tim Lawson in a kitchen in 1992 and was bought by Provexis two years ago. About 60 percent of sales come from cyclists, though the brand has been raising its profile among other athletes with help from the London Olympics last year and from Wimbledon champion and Go gel user Andy Murray. SiS has also widened its appeal to soccer fans, supplying products to Manchester United Plc (MANU) players, Moon said.
10 Best Recreation Stocks To Invest In Right Now: IMAX Corp (IMAX)
IMAX Corporation, incorporated on January 1, 2002, together with its wholly owned subsidiaries, is an entertainment technology companies, specializing in motion picture technologies and presentations. The Company�� customers who purchase lease or otherwise acquire the IMAX theatre systems are theatre exhibitors, which operate commercial theatres, museums, science centers, and destination entertainment sites. IMAX theatre systems combine the Company�� digital re-mastering movie conversion technology (IMAX DMR), projectors with equipment and automated theatre control systems, sound system components, screens, theatre geometry, and theatre acoustics.
The Company�� principal business is the design, manufacture and delivery of theater systems (IMAX theater systems). The Company�� customers who purchase, lease or otherwise acquire the IMAX theater systems through joint revenue sharing arrangements are theater exhibitors that operate commercial theaters (particularly multiplexes), museums, science centers, or destination entertainment sites. The Company does not own IMAX theaters, but licenses the use of its trademarks along with the sale, lease or contribution of the IMAX theater system.
IMAX Systems, Theater System Maintenance and Joint Revenue Sharing Arrangements
The Company provides IMAX theater systems to customers on a sales or long-term lease basis with an initial 10-year term. These agreements consist of initial fees and ongoing fees (which can include a fixed minimum amount per annum and contingent fees in excess of the minimum payments) and maintenance and extended warranty fees. The initial fees vary depending on the system configuration and location of the theater and generally are paid to the Company in installments between the time of system signing and the time of system installation. Ongoing fees are paid over the term of the contract, commencing after the theater system has been installed and are generally equal to the greater of a fixed minimu! m amount per annum or a percentage of boxoffice receipts. The Company also provides IMAX theater systems to customers under joint revenue sharing arrangements, pursuant to which the Company provides the IMAX theater system in return for a portion of the customer�� IMAX box-office receipts, and in some cases concession revenues and/or a small upfront or initial payment. As at December 31, 2012, the Company had 316 theaters in operation under joint revenue sharing arrangements.
Production and Digital Re-Mastering (IMAX DMR)
The Company�� technology digitally re-masters Hollywood films into IMAX digital cinema package format or 15/70-format film. IMAX DMR digitally enhances the image resolution of motion picture films for projection on IMAX screens while maintaining or enhancing the visual clarity and sound quality to levels for which The IMAX Experience is known. This technology enabled the IMAX theater network to release Hollywood films simultaneously with domestic release. In a typical IMAX DMR film arrangement, the Company will receive a percentage of net box-office receipts of any commercial films released in the IMAX network, which is generally 10-15%, from a film studio for the conversion of the film to the IMAX DMR format and access to its distribution platform. During the year ended December 31, 2012, 35 films converted through the IMAX DMR process were released to theaters within the IMAX network. As of December 31, 2012, the Company released 23 IMAX DMR titles to theaters within the IMAX network. During 2012, five local language IMAX DMR films were released, including one French film, Houba! On the Trail of the Marsupilami: The IMAX Experience and four Chinese IMAX DMR titles: Tai Chi 0: An IMAX 3D Experience, Tai Chi Hero: An IMAX 3D Experience, Back to 1942: The IMAX Experience and CZ12: The IMAX Experience.
Film Distribution and Post-Production
The Company is also a distributor of large-format films, primarily catering to its institution! al theate! r partners. The Company generally distributes films, which it produces or for which it has acquired distribution rights from independent producers. The Company generally receives a percentage of the theater box-office receipts as a distribution fee. Films produced by the Company are typically financed through third parties, whereby the Company will generally receive a film production fee in exchange for producing the film and a distribution fee for distributing the film. The Company utilizes third-party funding for the majority of original films it produces and distributes. In 2012, the Company, along with Warner Bros. Pictures (WB) and MacGillivray Freeman Films (MFF) released an original title, To the Artic 3D: An IMAX 3D Experience.
The Company derives a small portion of its revenues from other sources. As of December 31, 2012, the Company had four owned and operated theaters. In addition, the Company has a commercial arrangement with one theater resulting in the sharing of profits and losses and provides management services to two theaters. The Company also rents its two dimensional (2D) and three dimensional (3D) large-format film and digital cameras to third party production companies. The Company maintains cameras and other film equipment and also offers production advice and technical assistance to both documentary and Hollywood filmmakers. Additionally, the Company generates revenues from the sale of after-market parts and 3D glasses. As of December 31, 2012, approximately 54.2% of IMAX systems in operation were located in the United States and Canada. As at December 31, 2012, approximately 45.8% of IMAX systems in operation were located within international markets (other than the United States and Canada).
Advisors' Opinion:- [By Rick Aristotle Munarriz]
Frederic J. Brown, AFP/Getty Images Moviegoers aren't heading out the multiplex the way they used to, but that doesn't mean that Hollywood is toast. AMC Entertainment (AMC) reported quarterly results Tuesday. The nation's leading exhibitor -- 345 theaters with 4,976 screens -- went public two months ago. The headline numbers are positive. Revenue increased a better than expected 2.3 percent to $713 million. Profitability also expanded nicely. However, revenue increased as a result of a 5.5 percent increase in ticket prices and a 3.7 percent uptick in concessions purchased by patrons. Obviously you don't see those kind of gains against a mere 2.3 percent lift in revenue without dealing with more empty seats, and that's just what happened. There was a 3.2 percent decline in attendance. AMC's ticket takers welcomed 50.4 million guests during the holiday quarter, well below the 52.1 million guests that it entertained a year earlier. That's bad, and what makes things worse is that it had fewer theaters -- from continuing operations -- a year earlier. It wouldn't be wise to hold out for a Hollywood ending. Customers Want Bigger and Better Things Apologists will argue that it wasn't a bumper crop of movies hitting theaters, but that's not accurate at all. Last year's biggest box office winner -- "The Hunger Games: Catching Fire" -- opened in November. Disney's "Frozen" also opened ahead of the holidays, and it's the family entertainment giant's biggest non-Pixar earner since 1994's "The Lion King." Moviegoers still come out for the big movies, and they're also willing to pay more for a premium setting. IMAX (IMAX) reported blowout quarterly results a few days earlier. IMAX screens rang up a record $244 million in ticket sales worldwide. IMAX is also closing out the year with a record backlog of 384 commercial theaters to deploy. RealD (RLD) is also holding up nicely as a leading provider of 3-D systems for exhibitors. It enjoyed a major boost with "Gravity," a
10 Best Recreation Stocks To Invest In Right Now: Dale Jarrett Racing Adventure Inc (DJRT)
Dale Jarrett Racing Adventure, Inc., incorporated on November 24, 1998, offers entertainment based oval driving schools and events. The Company owns several National Association for Stock Car Auto Racing (NASCAR) type racecars. These classes are conducted at various racetracks throughout the country. As of December 31, 2011, the Company owned 15 racecars, and had purchased six additional racecars for its Las Vegas hub. These racecars are classified as stock cars and are equipped for oval or round tracks only.
The Company offers five types of ride or drive programs for individuals and corporations. The Qualifier is a three lap ride with a professional driver, which lasts about five minutes, depending on the length of the track. The Season Opener is a half day training class culminating in the student driving 10 laps. The Rookie Adventure and Happy Hour are also half day driving classes with the students driving 20 or 30 laps, respectively. The Advanced Stock Car Adventure is a full day 60 lap class. The main purpose of each event is the thrill of actually driving the race car. It owns a Miller Semi Tractor Trailer to haul the cars from track to track. The Company also offers a range of add-on sale items, including compact disks (CDs) from its adventure cam located in the car, clothing, souvenirs and photography.
The Company competes with Richard Petty Driving Experience.
Advisors' Opinion:- [By Peter Graham]
Small cap stocks Alliance Creative Group Inc (OTCMKTS: ACGX), Dale Jarrett Racing Adventure Inc (OTCMKTS: DJRT), Inscor Inc (OTCMKTS: IOGA) and Solar Thin Films Inc (OTCMKTS: SLTZ) have all been getting some attention lately in various investment newsletters and it should come as no surprise that two out of four of these stocks have been the subject of paid promotions ��which tend to benefit traders. However, two out of four of these stocks also have pretty good financials for being small cap OTC stocks and that might make them attractive to investors with a long term time horizon. So which of these stocks might make traders some profits in the short term and investors some profits over the longer term? Here is a closer look to help you decide:
10 Best Recreation Stocks To Invest In Right Now: Life Time Fitness Inc (LTM)
Life Time Fitness, Inc., incorporated on October 15, 1990, operates multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment. As of February 28, 2013, the Company operated 105 centers under the LIFE TIME FITNESS and LIFE TIME ATHLETIC SM brands primarily in suburban locations in 28 major markets in the United States and Canada. The Company�� model centers target 7,500 to 11,000 memberships by offering, on average, 114,000 square feet of multi-use sports and athletic, professional fitness, family recreation, spa amenities and programs and services in a resort-like environment. Life Time programs include a range of interest areas, such as group fitness, yoga, swimming, running, racquetball, squash, tennis, Pilates, martial arts, kids activities and camps, adult activities and leagues, rock climbing, cycling, basketball, personal training, weight loss and nutrition initiatives, spa, medi-spa and chiropractic services. Life Time program offerings may vary by location. Effective August 28, 2012, MGC Diagnostics Corporation sold the assets of its New Leaf business to the Company.
The Company's offerings also include the Company's line of nutritional products and supplements, and its magazine, Experience Life. The Company also has an Athletic Events division, which offers more than 100 events each year, including running, cycling and triathlon events from entry-level to ultra-endurance. Additionally, the Company offers a portfolio of health assessments to its members at its centers, as well as employees at corporate clients, along with partnerships with health insurance companies. The Company offers different types of membership plans for individuals, couples and families. The Company's memberships include the primary member's children under the age of 12 at a modest per child monthly cost. The Company provides the majority of its members with a variety of services with their membership, including group fitness classes and fitness asse! ssments, towel and locker service and an online subscription to its magazine, Experience Life. The Company's membership plans include initial 14-day money back guarantees and are month-to-month, cancelable by giving up to 60 days advance notice. The Company's ancillary businesses include media, athletic events and related services, health promotion programs and training and certification programs.
The Company offers one-on-one sessions and small group sessions for individual member and a group of two to four members. The Company offers large group (typically eight to 12 members) programs under its T.E.A.M. platform. The Company's T.E.A.M. Weight Loss program focuses on exercise, education and nutrition and provides the resources and support toward long-term weight loss. The T.E.A.M. Fitness program combines cardio exercise with strength training. The Company's endurance program focuses on training in the proper heart rate zones, for the proper duration of time and at the proper frequency to burn fat more efficiently while improving overall health and fitness. The Company's T.E.A.M. Boot Camp enables members to test their strength, agility and stamina. From time to time, the Company also offers other weight loss and nutrition programs, such as the Life Time 90-Day Weight Loss Challenge, as an opportunity for members to receive education, training and motivation. The Company's centers offer fitness programs, including group fitness classes and health and fitness training seminars on subjects ranging from metabolism to personal nutrition. On average, the Company offers 85 group fitness classes per week at each current model center, including studio cycling, step workout, dance classes, circuit training and fitness yoga classes.
The Company's large format centers feature a Life Cafe, which offers fresh and healthy made-to-order and pre-prepared breakfast, lunch and dinner items, including sandwiches, salads, snacks, shakes and more. The Company's Life Cafes offer customers the cho! ice of di! ning indoors, ordering their meals and snacks to go or, in each of the Company's model centers and certain of its other large format centers, dining outdoors at the poolside bistro. Life Cafes also typically offer the Life Time line of nutritional products and supplements, third-party nutritional products, exercise accessories and personal care products. The Company's LifeSpa is a salon and spa. Each in-center LifeSpa offers hair, body, skin care and massage therapy services, customized to each client's individual needs. The Company also offers medi-spa services in select locations. LifeClinic Chiropractic services are provided by licensed chiropractors. LifeClinic Chiropractic offers non-invasive form of soft tissue and joint treatment. The Company's centers offer on-site child centers for children from three months through 11 years of age as part of a monthly fee per child. All of the Company's large format centers offer a variety of additional programs for children, which may include birthday parties, school break camps, parents' night out, sports and fitness classes and swimming lessons. For adults, the Company offers a variety of sports leagues and interest-driven clubs.
During the year ended December 31, 2012, the Company produced over 100 events, serving over 90,000 participants. The Company's events range from entry level to ultra endurance events and draw from local, regional, national and international markets. The Company's larger events include triathlons such as the Life Time Tri Minneapolis and Life Time Tri Chicago, as well as the iconic Leadville Trail 100 Mountain Bike Race Across the Sky. The Company produces events primarily in markets in which the Company operates centers, including themed runs such as the Torchlight 5K Run and Turkey Day 5K. The Company offers a line of nutritional products, including Men's and Women 's Performance Multivitamins, Omega-3 Fish oils, Joint Maintenance Formulation, LeanSource Soft Gels, VeganMax, Whey Protein, and FastFuel Complete, its me! al replac! ement product.
The Company competes with 4 Hour Fitness Worldwide, Inc., Equinox Holdings, Inc., LA Fitness International, LLC, Town Sports International, Inc. and Gold's Gym.
Advisors' Opinion:- [By Will Ashworth]
Activist investor Mick McGuire reported last week that his firm, Marcato Capital, acquired 7.2% of Life Time Fitness (LTM), the Minneapolis-based operator of 110 super-sized fitness centers nationwide. Although LTM stock is up 13% year-to-date through May 28, McGuire believes its stock price can do a lot more.
- [By John Udovich]
On Thursday, small cap fitness club owner Life Time Fitness, Inc (NYSE: LTM) lost some weight for investors as analysts gave the stock a workout after its Analyst Day failed to ease their concerns, meanings its worth taking a closer look at the stock along with the performance of Town Sports International Holdings, Inc (NASDAQ: CLUB)�and Steiner Leisure Ltd (NASDAQ: STNR).
- [By amigobulls@twitter]
Twitter currently trades at a Last Twelve Months (LTM) Price to Sales (PS) ratio of 27, which translates to astronomical valuations. Consider a comparison with Facebook which generates about 10 times the revenue and still grows at a healthy 60 odd percent. Facebook trades at an LTM PS multiple of 19. Here one should note that Facebook also delivered a net profit margin of 27% in Q2 vs Twitter's loss margin of 46% and has nearly 5 times Twitter's active users.
10 Best Recreation Stocks To Invest In Right Now: MarineMax Inc (HZO)
MarineMax, Inc., incorporated in January 1998, is a recreational boat dealer in the United States. Through 54 retail locations in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Kansas, Maryland, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas, the Company sells new and used recreational boats, including pleasure and fishing boats. It also sells related marine products, including engines, trailers, parts, and accessories. In addition, the Company provides repair, maintenance, and slip and storage services; it arranges related boat financing, insurance, and extended service contracts; it offers boat and yacht brokerage services, and it operates a yacht charter business. It is also retailer of Sea Ray, Boston Whaler, Bayliner, Cabo, Hatteras, and Meridian recreational boats and yachts, all of which are manufactured by Brunswick Corporation (Brunswick). In March 2013, it acquired Parker Boat Company's retail boat sales and service operations in Orlando and Daytona, Florida.
The Company is a dealer for Hatteras Yachts throughout the state of Florida (excluding the Florida panhandle) and the states of New Jersey, New York, and Texas; the exclusive dealer for Cabo Yachts throughout the states of Florida, New Jersey, and New York; the exclusive dealer for Boston Whaler in many of its markets; the exclusive dealer for Bayliner in many of its markets, and the exclusive dealer for Meridian Yachts in most of its markets. In addition, it is the exclusive dealer for Italy-based Azimut-Benetti Group for Azimut mega-yachts, yachts, and other recreational boats for the Northeast United States from Maryland to Maine and the state of Florida.
New Boat Sales
The Company sells recreational boats, including pleasure boats and fishing boats. The products it offers are manufactured by Brunswick, the manufacturer of recreational boats, including Sea Ray pleasure boats, Boston Whaler fishing boats, Cab! o Yachts, Hatteras Yachts, and Meridian Yachts. During the fiscal year ended September 30, 2011 (fiscal 2011), it derived approximately 48% of its revenue from the sale of new boats manufactured by Brunswick. During fiscal 2011, new boat sales accounted for 60.6% of its revenue. It offers recreational boats in most market segments. Hatteras Yachts and Azimut are two of the premier yacht builders. The motor yacht product lines include designs with live-aboard luxuries. Hatteras offers a flybridge with guest seating; covered aft deck, which may be fully or partially enclosed, providing the boater with additional living space; an elegant salon; and multiple staterooms for accommodations.
Hatteras Yachts and Cabo Yachts are convertible yacht builders and offer designs with live-aboard luxuries. Convertibles are primarily fishing vessels, which are well equipped to meet the needs of even the most serious tournament-class competitor. Hatteras features interiors that offer luxurious salon/galley arrangements, multiple staterooms with private heads, and a cockpit that includes a bait and tackle center, fishbox, and freezer. Cabo is known for spacious cockpits and accessibility to essentials, such as bait chests, livewells, bait prep centers, and tackle lockers.
Sea Ray and Meridian pleasure boats target both the luxury and the family recreational boating markets and come in a range of configurations to suit each customer�� particular recreational boating style. Sea Ray sport yachts and yachts serve the luxury segment of the recreational boating market and include living accommodations with a salon, a fully equipped galley, and multiple staterooms. Sea Ray sport yachts and yachts are available in cabin, bridge cockpit, and cruiser models. Meridian sport yachts and yachts are available in sedan, motoryacht, and pilothouse models.
The fishing boats the Company offers, such as Boston Whaler and Grady White, range from entry level models to advanced models designed for fish! ing and w! ater sports in lakes, bays, and off-shore waters, with cabins with limited live-aboard capability. The fishing boats feature livewells, in-deck fishboxes, rodholders, rigging stations, cockpit coaming pads, and fresh and saltwater washdowns. The ski boats it offers, such as Malibu, Axis, and Nautique by Correct Craft, range from entry level models to advanced models.
Used Boat Sales
The Company sells used versions of the new makes and models it offers and, to a lesser extent, used boats of other makes and models generally taken as trade-ins. During fiscal 2011, used boat sales accounted for 19.0% of its revenue, and 77.1% of the used boats it sold were Brunswick models. It also sells used boats at various marinas and other offsite locations throughout the country. In addition, it offers the Sea Ray Legacy warranty plan available for used Sea Ray boats less than six years old. The Legacy plan applies to each qualifying used Sea Ray boat, which has passed a 48-point inspection, and provides protection against failure of most mechanical parts for up to three years.
Marine Engines, Related Marine Equipment, and Boating Parts and Accessories
The Company offers marine engines and propellers, substantially all of which are manufactured by Mercury Marine, a division of Brunswick. It sells marine engines and propellers primarily to retail customers as replacements for their existing engines or propellers. It also sells a range of marine parts and accessories at its retail locations, at various offsite locations, through its print catalog, and through the Website portal. These marine parts and accessories include marine electronics; dock and anchoring products, such as boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, such as tubes, lines, wakeboards, and skies; engine parts; oils; lubricants; steering and control systems; corrosion control products, service products; high-performance accessories, such as propellers and instr! uments, a! nd a complete line of boating accessories, including life jackets, inflatables, and water sports equipment. It also offers novelty items, such as shirts, caps, and license plates bearing the manufacturer�� or dealer�� logos. The sale of marine engines, related marine equipment, and boating parts and accessories accounted for 6.2% of the Company�� during fiscal 2011 revenue.
Maintenance, Repair, and Storage Services
The Company provides maintenance and repair services at most of its retail locations, with extended service hours at certain of its locations. In addition, in many of its markets, it provides mobile maintenance and repair services at the location of the customer�� boat. The Company performs both warranty and non-warranty repair services. It derives the majority of its warranty revenue from Brunswick products. Its maintenance and repair services are performed by manufacturer-trained and certified service technicians. At many of the Company�� locations, it offers boat storage services, including in-water slip storage and inside and outside land storage. Maintenance, repair, and storage services accounted for 8.9% of its revenue during fiscal 2011. This includes warranty and non-warranty services.
F&I Products
At each of the Company�� retail locations, it offers the customers the ability to finance new or used boat purchases and to purchase extended service contracts and arrange insurance coverage, including boat property, credit life, and accident, disability, and casualty insurance coverage (collectively, F&I). The Company also offers third-party extended service contracts under which, for a predetermined price, it provides all designated services pursuant to the service contract guidelines during the contract term at no additional charge to the customer above a deductible. Credit life insurance policies provide for repayment of the boat financing contract if the purchaser dies while the contract is outstanding. Accident an! d disabil! ity insurance policies provide for payment of the monthly contract obligation during any period in which the buyer is disabled. Property and casualty insurance covers loss or damage to the boat.
Brokerage Services
Through employees or subcontractors that are licensed boat or yacht brokers, the Company offers boat or yacht brokerage services at most of its retail locations. It also offers for sale brokered boats or yachts, listing them on various Internet sites, advising its other retail locations, and posting them on its Website, www.MarineMax.com. Its maintenance and repair services, including mobile service, also are generally available to its brokerage customers.
Advisors' Opinion:- [By John Udovich]
As we head towards Black Friday, small cap specialty retail stocks United Online, Inc (NASDAQ: UNTD), TravelCenters of America LLC (NYSE: TA) and MarineMax, Inc (NYSE: HZO) have the distinction of being the best performing small cap�specialty retail stocks for this year (according to Finviz.com) with gains of 181.2%, 123.8% and 71.8%, respectively. With those returns in mind, what are these small cap specialty retail stocks doing right and will the performance last through the all important holiday season? Here is what new and existing investors and traders alike need to know or consider:
10 Best Recreation Stocks To Invest In Right Now: Bowl America Inc (BWL.A)
Bowl America Incorporated, incorporated in July 22, 1958, is engaged in the entertainment business. The Company operates in one segment. Its principal source of revenue consists of fees charged for the use of bowling lanes and other facilities and from the sale of food and beverages for consumption on the premises. Merchandise sales, including food and beverages, were approximately 30% of operating revenues. The balance of operating revenues (approximately 70%) represents fees for bowling and related services. During the fiscal year ended July, 1 2012 (fiscal 2012), the Company and its wholly owned subsidiaries operated 19 bowling centers. These 19 bowling centers contain a total of 756 lanes. As of September 1, 2012 the Company and its subsidiaries operated 10 bowling centers in the greater metropolitan area of Washington, D.C., one bowling center in the metropolitan area of Baltimore, Maryland, one bowling center in Orlando, Florida, three bowling centers in the metropolitan area of Jacksonville, Florida, and four bowling centers in the metropolitan area of Richmond, Virginia.
These establishments are air-conditioned with facilities for service of food and beverages, game rooms, rental lockers, and meeting room facilities. All centers provide shoes for rental, and bowling balls are provided free. In addition, each center retails bowling accessories. Most locations are equipped for glow-in-the-dark bowling, popular for parties and non-league bowling. The bowling equipment essential for the Company's operation is readily available. Two of the Company's bowling centers are located in leased premises, and the remaining seventeen centers are owned by the Company.
The Company competes with Brunswick Corporation and AMF Bowling Worldwide, Inc.
Advisors' Opinion:- [By Fredrik Arnold]
The balance of the top ten included one technology firm, AT&T Inc. (T) in fourth place; one consumer goods, Altria Group Inc. (MO), placed fifth; Bowl America Class A (BWL.A) in seventh place was the lone service dog. Two utilities, Northwest Natural Gas (NWN), and Consolidated Edison (ED), in ninth and tenth places completed the representation of market sectors in the champions index.
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