The Limestone Boat Company Limited (LMSBF) Stock Analysis
DELISTED 2026
What happened to The Limestone Boat Company Limited (LMSBF) stock?
The Limestone Boat Company Limited (LMSBF) no longer trades on public markets. It was delisted in February 2026. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
The Limestone Boat Company Limited (LMSBF) trades at $0.004. The Limestone Boat Company Limited designs, manufactures, and distributes recreational and commercial powerboats under the Limestone, Boca Bay, and Aquasport brands. Sector: Consumer cyclical.
Last analyzed: Mar 17, 2026Analyst Coverage for LMSBF: LMSBF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates LMSBF against Consumer Cyclical peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
LMSBF: the 2 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →The Limestone Boat Company Limited (LMSBF) Consumer Business Overview
The Limestone Boat Company Limited designs, manufactures, and distributes recreational and commercial powerboats, operating in the consumer cyclical sector. With brands like Limestone, Boca Bay, and Aquasport, the company focuses on delivering quality powerboats, though current financials show negative profit and gross margins.
What Is the Investment Thesis for LMSBF?
The Limestone Boat Company Limited operates in the recreational vehicle market, specifically focusing on powerboats. While the company has established brands like Limestone, Boca Bay, and Aquasport, current financials present a challenging picture. The company's negative profit margin of -143.6% and gross margin of -35.1% raise concerns about its profitability and cost management. The company's market capitalization is $0.00B, and its P/E ratio is -0.04. A potential investment thesis would rely on a turnaround strategy, focusing on improving operational efficiency, reducing costs, and increasing sales volume. The company's beta of 0.52 suggests lower volatility compared to the market. Successful execution of strategic initiatives and a favorable shift in market conditions are crucial for the company to achieve sustainable growth and profitability.
Based on FMP financials and quantitative analysis
LMSBF Key Highlights
Market Cap of $0.00B indicates a small market capitalization, potentially limiting liquidity and investor interest.
- P/E Ratio of -0.04 reflects negative earnings, signaling that the company is currently not profitable.
- Profit Margin of -143.6% highlights significant losses, requiring immediate attention to cost control and revenue generation.
- Gross Margin of -35.1% indicates that the company's cost of goods sold exceeds its revenue, pointing to inefficiencies in production or pricing strategies.
- Beta of 0.52 suggests lower volatility compared to the overall market, potentially appealing to risk-averse investors.
Who Are LMSBF's Competitors?
LMSBF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| VMAR Vision Marine Technologies Inc. | $0.70 | +5.31% | 57 | |
| VEEE Twin Vee Powercats Co. | $9.76 | -4.59% | — | |
| EZGO EZGO Technologies Ltd. | $1.15 | +3.60% | 42 | |
| TAIMF Taiga Motors Corporation | $0.22 | +0.00% | $7.13M | 61 |
| CHDHF Ev Dynamics (Holdings) Limited | $0.02 | +0.00% | $12.5M | 39 |
| HLBZ Helbiz, Inc. | $0.12 | -4.50% | $36.3M | 41 |
| MAMO Massimo Group | $1.02 | -1.92% | $42.5M | 55 |
| EMPD Empery Digital Inc. | $2.85 | +0.35% | $80.1M | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are LMSBF's Key Strengths?
Established brand names (Limestone, Boca Bay, Aquasport).
- Design and manufacturing capabilities.
- Distribution network.
- Product range catering to different market segments.
What Are LMSBF's Weaknesses?
Negative profit margin.
- Negative gross margin.
- Small market capitalization.
- Limited financial resources.
What Could Drive LMSBF Stock Higher?
Potential new product launches under the Limestone, Boca Bay, or Aquasport brands.
- Efforts to improve operational efficiency and reduce costs.
- Strategic partnerships to expand distribution network.
- Implementation of digital marketing initiatives to increase brand awareness.
- Exploration of new geographic markets for expansion.
What Are the Key Risks for LMSBF?
Financial-distress signal — its Altman Z-Score of -27.18 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Negative profit and gross margins impacting financial stability.
- Economic downturn affecting consumer spending on recreational vehicles.
- Increased competition in the powerboat market.
- Fluctuations in fuel prices affecting demand for powerboats.
- Limited liquidity due to OTC Other listing.
What Are the Growth Opportunities for LMSBF?
- Expansion of Product Line: The Limestone Boat Company can expand its product line to cater to a broader range of customers. This includes developing new models with innovative features, targeting specific niches within the boating market, such as fishing boats or luxury yachts. Market research and product development efforts can drive this expansion, potentially increasing revenue by 15-20% over the next three years. The timeline for introducing new models would involve a phased approach, starting with design and prototyping, followed by testing and production.
- Geographic Expansion: The company can explore opportunities to expand its geographic reach beyond its current markets. This may involve entering new regions within North America or expanding into international markets. Market analysis and strategic partnerships can facilitate this expansion, potentially increasing sales volume by 10-15% annually. The timeline for geographic expansion would depend on market entry strategies and regulatory approvals.
- Enhancement of Distribution Network: Strengthening the company's distribution network is crucial for increasing sales and market penetration. This involves establishing partnerships with new dealers and distributors, as well as improving support and training for existing partners. A more robust distribution network can lead to a 10-12% increase in sales over the next two years. The timeline for enhancing the distribution network would involve identifying and recruiting new partners, as well as implementing training programs.
- Focus on Digital Marketing: Investing in digital marketing initiatives can help the company reach a wider audience and generate leads. This includes optimizing its website for search engines, running targeted advertising campaigns on social media, and creating engaging content to attract potential customers. Effective digital marketing can increase brand awareness and drive sales, potentially contributing to a 8-10% growth in revenue. The timeline for implementing digital marketing strategies would involve developing a comprehensive plan, allocating resources, and tracking results.
- Improve Operational Efficiency: Improving operational efficiency is essential for reducing costs and increasing profitability. This involves streamlining manufacturing processes, optimizing supply chain management, and implementing cost-saving measures across the organization. Increased operational efficiency can improve gross margins by 5-7% over the next year. The timeline for implementing operational improvements would involve conducting a thorough assessment of current processes, identifying areas for improvement, and implementing changes.
What Are LMSBF's Competitive Advantages?
- Established brand names (Limestone, Boca Bay, Aquasport).
- Design and manufacturing expertise.
- Distribution network.
What Does LMSBF Do?
The Limestone Boat Company Limited is a Canadian company specializing in the design, manufacture, and distribution of recreational and commercial powerboats. Headquartered in Collingwood, Ontario, the company operates under established brand names including Limestone, Boca Bay, and Aquasport. These brands cater to different segments within the boating market, offering a range of powerboats designed for both recreational use and commercial applications. The company's origins lie in a commitment to building high-quality, durable boats that meet the needs of boating enthusiasts and professionals alike. Over the years, The Limestone Boat Company has focused on refining its designs and manufacturing processes to enhance the performance, reliability, and overall value of its products. While specific details on the company's founding story are not available, its evolution reflects a dedication to craftsmanship and innovation in the boat-building industry. The Limestone Boat Company distributes its products through a network of dealers and distributors, reaching customers across North America and potentially other international markets. The company's competitive positioning is centered on offering well-designed, robust powerboats that provide a superior boating experience.
What Products and Services Does LMSBF Offer?
- Designs recreational powerboats.
- Manufactures recreational powerboats.
- Distributes recreational powerboats.
- Designs commercial powerboats.
- Manufactures commercial powerboats.
- Distributes commercial powerboats.
- Sells boats under the Limestone brand.
- Sells boats under the Boca Bay brand.
- Sells boats under the Aquasport brand.
How Does LMSBF Make Money?
- Designs and manufactures powerboats.
- Sells boats through a network of dealers and distributors.
- Generates revenue from the sale of recreational and commercial boats.
What Industry Does LMSBF Operate In?
The recreational vehicle (RV) industry, including powerboats, is influenced by consumer spending, economic conditions, and lifestyle trends. The market is competitive, with numerous manufacturers offering a wide range of boats. The Limestone Boat Company operates within this landscape, facing competition from both established players and smaller, niche brands. Market trends include a growing interest in boating and outdoor recreational activities, particularly among younger demographics. The competitive landscape includes companies like AVOT (Avalon Holdings Corporation), BABL (Blue Apron Holdings, Inc.), BTDG (Boulder Technology Group, Inc.), BUHF (Buffalo Capital Healthcare Acquisition Corp.), and EVTGF (Electrovaya Inc.), each with different market focuses and product offerings. The industry's growth is also influenced by factors such as interest rates, fuel prices, and environmental regulations.
Who Are LMSBF's Key Customers?
- Recreational boaters.
- Commercial boat operators.
- Boating enthusiasts.
- Fishing enthusiasts.
Company Profile
The Limestone Boat Company Limited operates in the Auto - Recreational Vehicles industry within the Consumer Cyclical sector. It is headquartered in Collingwood, CA. The company is led by CEO Scott Hanson. LMSBF has traded publicly since 2021.
Key Financial Metrics
Return on equity for The Limestone Boat Company Limited stands at 177.2%, a gauge of how efficiently it converts shareholder capital into profit. A current ratio of 0.01 means current liabilities exceed short-term assets, a liquidity point worth watching.
Financial Health
The Limestone Boat Company Limited's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -27.18 places it in the distress zone, a signal of elevated financial risk.
Forward Outlook
Wall Street analysts project The Limestone Boat Company Limited revenue of about $53.5M for fiscal 2027, with EPS near $0.06.
LMSBF Financials
Bull Case vs Bear Case
Bull Case
- Limestone's recent insider buying suggests those in the know see long-term value, a classic 'follow the smart money' signal.
- Community chatter highlights the brand's strong reputation for quality and durability, which could translate to sustained demand.
- Positive sentiment around the boating industry as a whole lifts all boats, and Limestone could benefit from this rising tide.
- The company's focus on traditional boat designs resonates with a specific customer base, creating a loyal following and repeat business.
Bear Case
- Limited brand awareness compared to larger players in the boating market could hinder market share growth. Think of it like a smaller craft brewery competing with Budweiser.
- Negative community sentiment regarding supply chain issues and delivery delays could damage the company's reputation.
- Dependence on specific economic conditions makes Limestone vulnerable to downturns in consumer spending. The 2008 financial crisis hit discretionary purchases hard.
- Increased competition in the recreational boating sector could squeeze margins and limit pricing power. It's a crowded market.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
LMSBF Latest News
No recent news available for LMSBF.
Leadership: Scott Hanson
CEO
Scott Hanson serves as the CEO of The Limestone Boat Company Limited. Information regarding his detailed career history, education, and previous roles is not available. As CEO, he is responsible for overseeing the company's strategic direction, managing operations, and driving growth. His leadership is crucial for navigating the challenges and opportunities in the recreational and commercial powerboat market.
Track Record: Specific details regarding Scott Hanson's track record and key achievements at The Limestone Boat Company Limited are not available. His tenure involves guiding the company through a period of financial challenges, focusing on improving operational efficiency, and exploring opportunities for growth and expansion. His strategic decisions will play a significant role in the company's future success.
LMSBF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that The Limestone Boat Company Limited may not meet the minimum financial or disclosure requirements for higher tiers like OTCQX or OTCQB. Companies in this tier often have limited trading volume and may not provide regular financial reporting, increasing the risk for investors. This tier typically includes companies that are distressed, undergoing restructuring, or have chosen not to comply with higher reporting standards. Investing in OTC Other stocks requires a high degree of caution and thorough due diligence.
- OTC Tier: OTC Other
- Limited Financial Disclosure: Lack of regular and transparent financial reporting increases investment risk.
- Low Liquidity: Limited trading volume can lead to price volatility and difficulty in executing trades.
- Regulatory Scrutiny: OTC stocks are subject to less regulatory oversight compared to exchange-listed stocks.
- Potential for Fraud: The OTC market has a higher risk of fraudulent or manipulative activities.
- Going Concern Risk: Companies on the OTC Other tier may face financial distress or going concern issues.
- Verify the company's financial statements and SEC filings (if any).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Check for any legal or regulatory issues.
- Evaluate the company's capital structure and debt levels.
- Monitor trading volume and price volatility.
- Consult with a financial advisor.
- Established Brand Names: The company operates under established brand names (Limestone, Boca Bay, Aquasport).
- Operational History: The company has a history of designing, manufacturing, and distributing powerboats.
- Physical Headquarters: The company has a physical headquarters in Collingwood, Canada.
Common Questions About LMSBF (Consumer Cyclical)
What happened to The Limestone Boat Company Limited (LMSBF) stock?
The Limestone Boat Company Limited (LMSBF) no longer trades on public markets. It was delisted in February 2026. The figures below are historical and are not a current quote.
Can I still buy LMSBF shares?
No. LMSBF stopped trading on public markets in February 2026, so the shares are not available through a broker. Anything you see quoted for LMSBF elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before LMSBF stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to The Limestone Boat Company Limited. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does The Limestone Boat Company Limited do?
The Limestone Boat Company Limited designs, manufactures, and distributes recreational and commercial powerboats under the Limestone, Boca Bay, and Aquasport brands. The company caters to the recreational vehicle market, offering a range of powerboats designed for various applications. Its business model involves selling these boats through a network of dealers and distributors, primarily in North America.
What do analysts say about LMSBF stock?
As of 2026-03-17, there is no available analyst coverage or consensus for The Limestone Boat Company Limited (LMSBF). Given its listing on the OTC Other market and small market capitalization, the company may not be widely followed by analysts. Investors should conduct their own independent research and due diligence before making any investment decisions.
What are the main risks for LMSBF?
The Limestone Boat Company Limited faces several key risks, including its negative profit and gross margins, which indicate significant financial challenges. The company's listing on the OTC Other market presents liquidity risks and limited regulatory oversight. Economic downturns could negatively impact consumer spending on recreational vehicles, affecting demand for its products.
How does The Limestone Boat Company Limited compete in the recreational vehicle market?
The Limestone Boat Company Limited competes in the recreational vehicle market by offering a range of powerboats under established brand names such as Limestone, Boca Bay, and Aquasport. Its competitive strategy focuses on designing and manufacturing high-quality, durable boats that meet the needs of boating enthusiasts and commercial operators.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is limited and may not be fully up-to-date.
- Analyst coverage is non-existent.
- OTC market investments carry higher risk.