BC
Brunswick Corporation
Consumer
10/29/2013
Presented
| Date | 10/23/2013 |
| Price | $N/A |
| Market Cap | N/A |
| Ent Value | N/A |
| P/E Ratio | 24.79x |
| Book Value | $11.98 |
| Div Yield | 0.9% |
| Shares O/S | N/A |
| Ave Daily Vol | N/A |
| Short Int | N/A |
Current
| Price | $83.36 |
| Market Cap | $5.52B |
| Brunswick Corporation designs, manufactures, and markets recreation products in the United States and internationally. The companys Marine Engine segment offers outboard engines, sterndrive propulsion systems, and inboard engines under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Sport Jet and Mercury Jet Drive, MotorGuide, Axius, and Zeus brands; and marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and marine lubricants under the Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Land N Sea, Kellogg Marine Supply, Diversified Marine Products, Bell Recreational Products, Sea Choice, and MotorGuide brands, as well as supplies integrated diesel propulsion systems. It serves independent boat builders and end users, as well as local, state, and foreign governments through a network of marine dealers and distributors, specialty marine retailers, and marine service centers. The companys Boat segment manufactures and markets fiberglass pleasure, offshore fishing, aluminum fishing, pontoon, deck, and inflatable boats, as well as luxury and sport yachts under the Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Lowe, Lund, Master Dealer, Meridian, Princecraft, Protector, Quicksilver, Rayglass, Sea Ray, and Uttern brands. Its Fitness segment provides cardiovascular fitness equipment, such as treadmills, total body cross-trainers, stair climbers, and stationary exercise bicycles; and strength-training equipment, as well as engages in the billiards business. This segment serves health clubs, corporations, schools and universities, hotels, professional sports teams, and the military and governmental agencies under the Air Hockey, Brunswick, Contender, Flex Deck, Gold Crown, Hammer Strength, Lifecycle, and Life Fitness brands. The company was founded in 1845 and is headquartered in Lake Forest, Illinois. |
Presented by: Brian Zied, Founder and Portfolio Manager, Charter Bridge Capital Management at The Excellence in Investing: San Francisco conference
Highlights
While Brunswick (BC) is best known amongst the public for its bowling and billiards business, Mr. Zied focused on the marine engine and boat manufacturing segments of BC’s operations, which generate the lion’s share of the company’s operating profit. He is long shares of BC, and bullish on the outlook for the company, and stock, for the following reasons:
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