After Topping Earnings Estimates Again, This Marine Stock Is Worth a Look
Despite a tempestuous macroeconomic environment, Brunswick Corporation (NYSE: BC) delivered better-than-expected results in the first quarter. However, amid a hiccup in consumer confidence, this recreational boat manufacturer faces an uncertain year ahead. Let's look at Brunswick's recent performance and future outlook to determine whether this consumer discretionary stock is a buy.
The self-dubbed "world's leader in recreational boats, marine engines, and marine parts and accessories," Brunswick is also one of the oldest publicly traded stocks on the New York Stock Exchange. First listed in 1925, Brunswick boasts a long and rich success story that began 80 years prior.
After John Brunswick immigrated to America from Switzerland's Rhine Valley in 1845, the master woodworker soon developed an affinity for billiards and started making his own tables. His company grew into a well-established institution that has withstood the American Civil War, two world wars, and several boom-and-bust American economic cycles.
Source Fool.com
