Wall Street News Alert sent an alert this morning regarding Latitude Industries and its strong sales projections for future quarters. The boat industry is currently growing at a rapid rate and margins are expected increase as production rates increase.
In the late 1970s and early 1980s, there was a massive boat building boom when the oil industry reached record oil prices. Many of these boats are still around today, and over the past twenty years, the excess capacity was only countered twice. The useful life of a boat is approximately 15 to 20 years, so the demand for replacements has helped fuel the recent growth.
Latitude Industries is a manufacturer of high-quality, offshore sport fishing boats. The company’s boats combine innovative design with advanced light-weight composite materials that retain buoyancy under all conditions. Its hand-laid fiberglass hulls offer the best of old world craftsmanship and new world technology. Latitude Industries employs craftsmen with decades of experience at its headquarters in South Florida, which is known as the sport fishing capital of the world.
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