Why This Global Maritime Stock Is Worth a Look in 2023

MarineMax (NYSE: HZO) -- the self-described "world's largest recreational boat, yacht, and superyacht company" -- delivered record revenue and gross margin in its fiscal 2023's first quarter, ended Dec. 31, 2022. Intent on helping folks have fun on the water, its company motto is, "We don't just sell boats, we sell boating." Although its stock is down more than 60% from its May 2021 all-time high north of $70 a share (now trading around $27-$28 a share), MarineMax stock could prove to be a worthwhile investment for long-term shareholders.