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Briggs & Stratton Corporation Message Board

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  • squidunker008 squidunker008 Feb 19, 2008 12:07 PM Flag

    REPORT SO GOOD... WHY STOCK DOWN?

    This is a little bit of a surprise at the magnitude of today's drop and volume sold when the stock goes ex-dividend in 9 days, and has a nice dividend. A large holder or fund must be easing out or reducing their holding.

    The company will endure, but the stock is very weak. Four straight quarters of negative earnings surprises, and the payout ratio is not really sustainable against the backdrop of the last years earnings.
    Some uptick in company revenue and profits must start real soon - or a dividend cut is almost a given. They need to borrow money or sell assets to sustain it now. Lucky for us if long, the book value is near $17 - thus a bottom near there is likely. It will be a year of pain if 08 business matches or ticks down from 07's.
    One thing, the crazy tax refund checks we taxpayers will get starting May from uncle Sam may help this company. The checks come at the time of peak seasonal demand for their products. That's a stoke of luck for BGG. Not every business has it's products sell at peak in late spring/early - examples include clothing, computers, TVs and most electronic gadgets.

 
BGG
20.11+0.06(+0.30%)Dec 19 4:04 PMEST

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