Disembark from Brunswick with a 45% Gain
It’s been a might fine cruise with boat maker Brunswick (NYSE: BC); its stock is up 45% since my recommendation one year ago. The boating market has remained firm allowing the company to grow earnings at a stable mid-teens rate.
Its diversification into the fitness sector should help it weather any upsets to the boating market, but we’d rather jump ship before rough seas appear. Recent weakness by Harley Davidson could indicate a decline in consumer appetite for expensive toys.
Those wishing to stay on board could think about putting a $56 stop loss order on their positions to protect gains.
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