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Briggs & Stratton Corporation Message Board

  • mplsdothemath mplsdothemath Jun 3, 2004 11:52 AM Flag


    I agree that $85 seems rich. I bought at $69 in April after looking at BGG relative to a peer group of which I am part. They had a decent PE (18.5), margins (20%), and operating efficiency (9%) relative to their peers. However, if I plug in $85, the math no longer works, even with the accretive EPS from the acquisition. Throw in some higher emmission standards via Kerry and who knows what will happen to their business.

    I've sold my IRA position and am holding my outright position since I hate short term capital gains. However, I would expect a pull back.

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    • If this stock can maintain
      the P/E of 18, then projected earnings say
      it will worth $110 next year -- that's
      with the analyst estimates.

      It's still a great buy at this price. Better
      after the expansion with Simplicity.

      I'm not expecting $110, but it looks
      like from here the estimate of > $90
      is doable, which still makes this a
      huge bargain with the dividend.

      Emmission laws are not a problem for two
      reasons -- One, they will mean that folks
      will be buying emmission equipment from
      BGG. Two, Kerry doesn't stand a chance
      of winning. Not that it matters in terms
      of emmissions, but Kerry will lose. Bank
      on it.

19.15+0.02(+0.10%)Aug 30 4:02 PMEDT