Is now the time to buy stock in Brunswick?

I am not too sure about Brunswick now. There are other factors effecting the eonomy that may counteract the demand for replacing boats. The cost of new boats are high and increasing, while our expendible income is decreasing. I would stick to investments of necessities, vice leasure activiities now...
 
I would totally agree with Rod on this... They may sell a few more boats, but certainly not enough to drive revenue up enough to make a significant differnce to a Billion dollar company.
 
I was thinking the same thing, I just found it interesting that Cramer lists them as a buy. I think another thing stated in his article is that the avg age of boats has gone up and therefore he sees a pent up demand building like autos. The big difference is that boats are not like autos. The hulls and interiors due to their material nature can survive the outdoor elements far longer than cars made of steel. The average age of boats is probably also climbing due to the astronomical increase in the cost of new boats. Less and less people can afford to purchase new, thus they are seeking older boats too.

So to summarize it, I think Cramer is using a false model comparing the auto industry to the boating industry.
 
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tdschafer said:
I was thinking the same thing, I just found it interesting that Cramer lists them as a buy. I think another thing stated in his article is that the avg age of boats has gone up and therefore he sees a pent up demand building like autos. The big difference is that boats are not like autos. The hulls and interiors due to their material nature can survive the outdoor elements far longer than cars made of steel. The average age of boats is probably also climbing due to the astronomical increase in the cost of new boats. Less and less people can afford to purchase new, thus they are seeking older boats too.

So to summarize it, I think Cramer is using a false model comparing the auto industry to the boating industry.
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Well based on your hypothesis, I am going to buy myself a Corvette (it's fiberglass) and not keep it in salt water!!!:lol:
 
What he didn't take into account was the number of boats that were damaged that had been laying dormant. These boats are the ones that owners no longer had an interest in and were trying to sell and couldn't for whatever reason. We've all seen these boats in our marinas. Wondered about the owners. Why they didn't use their boat. To them this storm was a godsend providing they had insurance.
 
I have to wonder if West Marine may have a stronger outlook for the long term, older boats more broken items and things to repair. I don't see much pent up demand, not that it might not be there someday. I see the used boat market having more activity, but I think there are plenty of people wanting to sell boats.
 
3 years ago, I mentioned on this forum that I thought Brunswick was a good buy at $1.82 a share. The economy was in the tank, and the people with cash were buying everything at a bargain. But, at the time, I was afraid to go out on that limb, and I didn't buy; but a few people (unnamed) jumped in. At that time 60% of their business was boats, and I'm not sure what it is now. Anyway, I'm waiting for the next downturn to buy again, unless I see a growing concern that I think is a bargain.....FWIW.

Don
 
Southpaw is correct a few years agoi both Brunswich and MarineMax were bargins and I did very well on both of them. I am not as confident right now.
 
I generally do the opposite of what Cramer suggests.
 
Maybe bowling will be the affordable leisure time activity of choice once we're herded off the fiscal cliff, and that's where Brunswick will clean up....
 
By the time all the "experts" are touting it, you've likely already missed the boat (no pun intended).
 
Rxflyer said:
Maybe bowling will be the affordable leisure time activity of choice once we're herded off the fiscal cliff, and that's where Brunswick will clean up....
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Have you ever gone bowling lately? It's about as expensive as firing up both motors on the boat and taking it for a ride.
 
It's been a long time since I recieved good advice from my paid advisor and in the 10 years prior to that you would have made money useing anny manny minny mooe to choose. I bought a few bonds in 2006 against his advice and still have them eventhough he has warned me annualy that interest rates are about to sprial uppward and devalue bonds. I could go on as I'm sure many others can about investment advisors but I'm not at all imperssed with investment advisors right now. Today I strongly feel that investing in "stuff" like oil,gold,land,is best simply because even if you make 10% in a fund,dollar value will likly more than wipe it out.
 
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