Brunswick Corp (BC)

Net Tangible asset slipped from Sept 08 to July 09 from 800MM to 50MM. Presently a 830MM market cap. Last two quarters missed analyst expectations by -51.4% & -36.0%. Q3 earnings announcements are tomorrow. 90 days ago analysts expected -0.89 but it's presently down to -1.34. This is a rough business environment for recreational vehicle etc sales.

I bought this stock several months ago for $2.86 and it just keeps going up! An American Icon since 1845. The 3 B’s - Boats, Bowling and Billiards, how American can you get…..U-S-A…..U-S-A…..U-S-A!!! Actually they manufacture and sell their products worldwide now. I am currently working in the Middle East and pass a store selling their boats and engines every day. Business at that store seems to be doing just fine. Boat sales have stopped falling and are expected to increase nicely next year. I think this stock will continue to rise along with worldwide economic growth.

Nice Balls! Why thank you.

Ummm... what TSIF said.

When motor boats rebound it is only a matter of time and this common stock breaks wide open.

Luxury boats, bowling, billiards, busted. Brunswick Corp is another stock on a tear back from perhaps unjustified lows in March, but well above actual value in this economy after a solid year of losses that have consumed over 80% of Brunswick Corp's net tangible assets. Revenue last quarter was less than a third of that achieved 9 months ago. $350 Million of Senior notes just issued at 11.25% interest shows some stability in their debt load as they retire those coming due. However, the primary lein is on it's few remaining assets, (it's bowling centers) and is very restrictive on how Brunswick can operate. This gives Bruswick little wiggle room should another 7/10 split come along. The boat shows appear to be little help in it's luxury boating division. With such strong losses, Brunswick is another example of a stock that ran up well past it's current value in the recent rally to nearly 2X book that is highly leveraged. With some military and a great deal of government on it's order books, stimulus efforts may help Brunswick, but at the current stock price it is NOT investor grade!

Bleeding cash, demand looks slack for at least a year.

BC has a too high valuation compared to its sales potential. It is also loss making.

BK candidate

Going up with the cycle

As more people tighten belts, we will turn to less expensive ways to entertain.

ugh

strong fundamentals

Brunswick will have great long-term value however it seems in the short run due to cyclical nature in credit. It might underperform. However, one must be bullish at these price levels. Customers will buy boats! Great hidden value the worst thing I see happening is a possible division sale or spin-off if needed to raise future captial.

tk pick

worst 30days caps

Apparently billiards, boats and bowling aren't the best combination. Perhaps BC should try adding beer & bolgne, as those two products seem to sell well during a difficult economy. Even if they did sell beer & bolgne, it probably wouldn't help. The companies EPS, revenue and net income have been faultering for awhile now. Closing the Ohio plan is just further indication that the company is struggling. The fact that BC's stock is selling well below book doesn't appear to be attracting investors. BC will have to make some significant changes to turn this company around.

buy

During times of economic downturn, people seek out activities that divert attention from their problems and lend a sense of control and normalcy to their lives. Boating and bowling are two of these activities.Because of the recent increases in product shipments and reductions of in-yard inventory coupled with slight increases in production rates, I believe that BC stock has reached it's bottom. I expect a sharp increase in stock price over the next 6 mo.