Buy Alert: Brunswick Stock Is Headed Higher
Very few companies encapsulated what an unusual year 2020 was for investors more than boat and marine engine company Brunswick (NYSE: BC). In the middle of a recession, the company is reporting surging marine retail demand, and there's reason to believe Brunswick will continue growing for many years to come. Throw in a compelling valuation, and there's a strong case for the stock to have a great year in 2021 as well. Here's the lowdown.
I've been careful to avoid labeling Brunswick as a boat company, because it makes far more from its propulsion and parts-and-accessories segments. The real driver of Brunswick's sales and earnings, as seen in the first nine months of its fiscal year, is the higher-margin parts-and-accessories business, closely followed by propulsion, which largely consists of outboard engines.
Segment
Source Fool.com
