Validea Joel Greenblatt Daily Strategy Update Report – 11/6/2021
MARINEMAX INC (HZO) is a small cap value stock in the (specialty) retail sector. The rating according to our strategy based on Joel Greenblatt has increased from 80% to 90% depending on the underlying fundamentals of the company and the valuation of the stock. A score of 80% or more usually indicates that the strategy has some interest in the stock and a score above 90% generally indicates a strong interest.
Company Description: MarineMax, Inc. is a retailer of pleasure craft and yachts. The Company operates through approximately 77 outlets in Alabama, California, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island , South Carolina, Texas, Washington and Wisconsin. The Company also sells related marine products, including engines, trailers, parts and accessories. In addition, it provides repair, maintenance, slip and storage services; arranges boat financing, insurance and extended service contracts; offers brokerage sales of boats and yachts and operates a yacht charter business. The Company primarily sells pleasure craft, including pleasure craft and fishing boats. The Company offers marine engines and equipment and sells marine engines and propellers primarily to retail customers as replacements for their existing engines or propellers.
The following table summarizes whether the title meets each of the tests for this strategy. Not all of the criteria in the table below are given the same weight or are independent, but the table gives a brief overview of the strengths and weaknesses of the title in the context of the strategy criteria.
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Detailed analysis of MARINEMAX INC
About Joel Greenblatt: In his 2005 bestseller, The Little Book That Beats The Market, hedge fund manager Joel Greenblatt presented a surprisingly simple way to beat the market using two – and only two – fundamental variables. The “magic formula,” as he called it, produced post-tested returns of 30.8% per annum from 1988 to 2004, more than doubling the 12.4% return of the S&P 500 during that time. Greenblatt also produced exceptional returns as a managing partner of Gotham Capital, a New York-based hedge fund he founded. The company has averaged a remarkable 40% annualized return over more than two decades.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.