Brunswick Corporation: Is the Bad News Over? - Stephen Rosenman

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Brunswick Corporation: Is the Bad News Over?
Aug 31, 2008 12:21 PM UTC

Stephen Rosenman

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Symbol	Sentiment	Start	Return	Closed
BC		08/31/08	+20.23%	--

Via Short Stock Ideas from Seeking Alpha:

Brunswick Corporation (BC), the maker of Boston Whalers and Hatteras Yachts, has been the come back kid. Since July 14, when it hit a year low of $9.66, it has risen remarkably to $13.79.

Is the climb deserved and will it continue? The company has been hurt this past year by a declining market in the U.S. for its boats and engines. Some of the pain was mitigated by exports overseas and by rises in its much smaller bowling, life fitness, and billiards divisions. The awful U.S. boat sales forced the company to restructure, closing plants and laying off workers to a tune of $83 million, or 59 cents a share.

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