Brunswick Corp (NYSE:BC)
The Company is a manufacturer and marketer of boats, marine parts and accessories of outboard and of bowling products, including capital equipment, aftermarket and consumer products, billiards tables and accessories; and Air Hockey and foosball tables.
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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.
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Almost at low point (c. 14.50). Has to improve once economy picks up steam.
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With the world politics and economy in the US, expect more down play in discretionary industries like boating.
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Boats are not on people's mind during a recession unless you are trying to sell it to pay the mortgage refinance.
No that's right it is not a recession. Just a correction. Lets not get carried away. Don't want any one in a panic, rushing for the doors.
Keep playing! Keep playing! So what if the boat is sinking! Keep playing!
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Fallen Angel
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A value proposition
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With the price of fuel, and the housing bubble deflating, who is going to be buying boats?
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