Analyst: Brunswick not out of the woods

Posted on 03 September 2008

Brunswick Corp. stock has been rising over the last month-and-a-half, from a 52-week low of $9.66 July 14 to $13.79 last week. But the company’s woes may not be over, according to an analysis posted on SeekingAlpha.com.

The report points to several factors contributing to the boatbuilder’s financial problems: a continuing slump in the U.S. marine market, signs that European sales are slowing, debt refinancing at a less attractive interest rate, excess inventory at the dealer level that Brunswick may have to take back, and lost financing through its partnership with GE Capital Solutions.

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