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A well-managed company that may be worth buying someday, currently Brunswick's (BC) profits rely too heavily on making and selling boats.
Who needs a boat? You may want one, but you certainly don't need one. And when you find the cash (since there's no credit available) to buy one, you can get a used one; they are falling off the dry docks.
Brunswick does have a decent balance sheet and is in no danger of going under, but the stock is ridiculously valued given its prospects for the next few years. Keep yourself afloat and lighten up on BC.
At the time of this writing, the author did not own shares of BC.
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Reader Comments (Page 1 of 1)
3-20-2010 @ 9:48PM
Josh Duyal said...
"Tax the rich" government policies will kill all of these industries as we turn into a third world country.