Analyst: Brunswick not out of the woods - Trade Only Today

Analyst: Brunswick not out of the woods

Author:
Publish date:
Social count:
0

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.

Click here to view the entire posting.

Related

Anglers help fisheries management in Gulf

Angler participation has led the Florida Fish and Wildlife Conservation Commission for the first time ever to be able to manage the harvest of recreational red snapper in both state and federal waters in the Gulf of Mexico.

NMMA: Bad trade policies are piling up

President Trump announced a new round of tariffs on China that would affect marine components being imported from there, further jeopardizing strong growth in the industry, said the National Marine Manufacturers Association.