Something is Afloat at MarineMax (HZO)

by Houghton and Atkeson   02/24/09
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MarineMax (HZO) is a recreational boat dealer in the United States that sells beautiful powerboats.

Boating is one of the first industries that sank when the credit storm blew in. HZO hit a high of close to $40 per share in 2007 and is now trading close to $1.60. HZO is losing lots of money but it's fortunate not to have any long-term debt.

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We have been seeing persistent buying of the HZO April 2.50 Calls (HZODZ) for the past several days. Open interest on this line now tallies up to almost 4,000 contracts and represents the vast majority of all open interest.

Is it possible this stock is about to float to a higher level in the near-term?

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