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Brunswick Setting Up After Big 2003 Gains.(B)(NYSE STOCKS IN THE NEWS)
Byline: Jonah Keri
Brunswick quietly racked up some huge gains from the start of the new bull run in March 2003 to early 2004, nearly tripling in price. The stock has digested its gains for the last six weeks and currently trades just below its 50-day moving average.
The firm makes marine engines, fishing and pleasure boats, and also markets fitness, bowling and billiards equipment. It's perhaps best known for its chain of 118 family bowling centers nationwide.
Brunswick has posted accelerating sales growth in the last three quarters, from 5% to 28%. Profit growth has surged from 16% to 127% during that ...
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