Not yet. I got a couple of other headaches I'm dealing with now but your post just got me thinking. This is starting to become bargain basement territory. I purchased a 100shrs for my IRA at $17 a few years back and rode it to the mid- thirties and back down to these nasty levels. I haven't been keeping up with what is going on lately due to a couple of other stocks that I own that have gotten crushed and are keeping me pretty busy trying to figure what is going on with them. What is the main concern (negative) with BC? Is it with boat sales? Expansion of bowling in the far east? Any feedback appreciated. At this price I plan to start paying more attention to this company in the future. Also, how safe does the current dividend look? Thanks in advance.
QSEXPERT, readum98, others. Sept 9 was not that long ago when I tryed to find out what the hell was going on with BC stock price. Nice 75%+ gain since then! Unfortunately, no guts, no glory (actually, for me,-no liquidity, no additional BC) Still, at least it's now above the 17 I purchased it at. Good Luck and bye for now. David
in addition to the concerns mentioned in the last post, BC has gotten whipsawed by litigation. Consortium of boat makers sued BC and won at the District Court level over stern drive engine monopolization. Verdict was for many millions, but we all know that BC will either win on appeal or drag the thing out in perpetuity. None of this in any way changes the fact that BC is tops in the marine game. The sell off is overdone and this is a screaming buy, with or without the current problems.
The Marine side of the business is having a good year (65% of BC revenue) The recreation side Bowling, bicycles, etc is having a harder time. All in all BC 98' looks close to BC internal estimates. Wall Street hit the organizatin hard for lower Q2 earnings. Q3 should be close to BC estimates.
I have yet to see anything but negative from you on BC MGMT. I can't believe you waste your valuable time on an organzition you have obvious dislike/no trust in. Maybe OMC or Coleman/Sunbeam would be a better venture for your time and efforts