This Surprise Stock Could Help Buoy Your Portfolio
When you hear the name Brunswick Corporation (NYSE: BC), you would be forgiven for not immediately thinking of boating. For many years, Brunswick was best-known for billiards and bowling. After many years of operating in various industries, Brunswick's current management team has sold off everything but the boating segment, and the more focused business that has resulted is putting up impressive results.
In fact, over the past three years, Brunswick's total return of 73% has easily outpaced the S&P 500's 47% gain. The company saw increased interest in boating over the pandemic and this demand has remained, resulting in strong performance for the company. Combine that with its shareholder-friendly use of capital, and there are several compelling reasons to add Brunswick to your portfolio.
During the pandemic, boating was seen by many as an attractive activity considering the limited options available. Money saved for travel could be allocated to a boat purchase, and boating is a great activity for remaining socially distant. This interest led to all-time lows of boat inventory, resulting in demand outpacing supply.
Source Fool.com
