1057060--12/15/2008--MARINEMAX

related topics

{acquisition, growth, future}

{stock, price, share}

{condition, economic, financial}

{customer, product, revenue}

{product, liability, claim}

{gas, price, oil}

{product, candidate, development}

{personnel, key, retain}

{regulation, change, law}

{stock, price, operating}

{cost, regulation, environmental}

{regulation, government, change}

{financial, litigation, operation}

{provision, law, control}

General economic conditions and consumer spending patterns can negatively impact our operating results. The availability and costs of borrowed funds can adversely affect our ability to obtain adequate boat inventory and the ability and willingness of our customers to finance boat purchases. Fuel prices and supply may affect our business. The availability of boat insurance is critical to our success. Other recreational activities and poor industry perception can adversely affect the levels of boat purchases. Adverse federal tax policies can have a negative effect on us. Our success depends, in part, on our ability to continue to make successful acquisitions and to integrate the operations of acquired dealers and each dealer we acquire in the future. Unforeseen expenses, difficulties, and delays frequently encountered in connection with rapid expansion through acquisitions could inhibit our growth and negatively impact our profitability. We may be required to obtain the consent of Brunswick and various other manufacturers prior to the acquisition of other dealers. Boat manufacturers exercise substantial control over our business. The failure to receive rebates and other dealer incentives on inventory purchases or retail sales could substantially reduce our margins. Our growth strategy may require us to secure significant additional capital, the amount of which will depend upon the size, timing, and structure of future acquisitions and our working capital and general corporate needs. Our internal growth and operating strategies of opening new locations and offering new products involve risk. Our business, as well as the entire recreational boating industry, is highly seasonal, with seasonality varying in different geographic markets. In addition, weather conditions may adversely impact our business. We depend on income from financing, insurance, and extended service contracts. We depend on key personnel. The products we sell or service may expose us to potential liability for personal injury or property damage claims relating to the use of those products. Environmental and other regulatory issues may impact our operations. The market price of our common stock could be subject to wide fluctuations as a result of many factors. The issuance of additional common stock in the future, including shares that we may issue pursuant to stock-based grants, including stock option grants, and future acquisitions, may result in dilution in the net tangible book value per share of our common stock. A substantial number of shares are eligible for future sale. We do not pay cash dividends. Our stockholders rights plan may adversely affect existing stockholders.

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1057060--12/15/2008--MARINEMAX_INC