Weekly 5: Brunswick changes push stock up


Christopher Gerber (CGerber@BoatingIndustry.com)
January 4, 2013
Filed under Weekly 5

Editor’s Note: This is a special Friday edition of the Weekly 5. The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com

1. Brunswick changes push stock up

A big week for news at Brunswick, with the announcement Wednesday of management changes at Bayliner and Sea Ray and the news Thursday that the company is going to sell off its money-losing Hatteras and CABO yacht brands.

Those moves (especially the sale) have the investor community enthusiastic about the company. Several stock analysts have upgraded the stock in recent days. From RBC Capital Markets note today: “As these brands accounted for the majority of the company's $30M+ operating losses in boats, we view this decision as a no-brainer from a financial perspective. We see high visibility into management's target of achieving breakeven or better operating earnings in the Boat Group in 2013.”

As of this morning, Brunswick’s stock price has climbed almost $5 a share this week.

2. A year-end business checkup

Businessweek has four areas their experts recommend you tackle as you look at your business heading into 2013. The Year-End Business Checkup recommends looking at financials, risks, inventory and operations and strategy.

3. 21 social media predictions for 2013

The world of social media continues to change rapidly. Social Media Examiner asked 21 experts on their predictions for 2013. It’s some helpful information as you plan this year’s marketing efforts. And for what it’s worth, their 2012 predictions were pretty good.

4. Census Bureau lowers population growth estimates

The U.S. population is going to grow more slowly than expected thanks to lower immigration and birth rates due to the Great Recession.

That’s the forecast from the Census Bureau after reexamining the numbers from the last few years. The Census Bureau now estimates annual population growth of 2 million to 2.5 million through 2060, versus the 3 million to 3.4 million estimated in 2008.

5. Low water levels expected for Great Lakes

The lack of snow and rain in the Midwest over the last year will probably end up meaning low water levels in the Great Lakes for the 2013 boating season.

The U.S. Army Corps of Engineers predicts most of the lakes will be well below historical averages, with lakes Michigan and Huron setting record lows.


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