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Brunswick Corporation Message Board

  • readum98 readum98 Sep 10, 1998 11:49 AM Flag

    Lets see if I've got this straight,

    analyst just lowered 1999 earnings estimate to
    $2.32 per share. At $13 per share, doesn't that work
    out to around 5.5 times estimated earnings?


    WHY IS MANAGEMENT AND EVERYONE ELSE BUYING THE DAMN
    STOCK? I JUST PUT MY MONEY WHERE MY MOUTH IS A BOUGHT.
    ANYONE ELSE GOT THE GUTS?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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.

      • 3 Replies to djk69_yum
      • 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.

        Hopefully this
        helps

    • Is there one?

 
BC
41.78-1.07(-2.50%)Apr 24 4:02 PMEDT

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