Tony Sagami (Harvest Advisors) submits: Briggs & Stratton, a maker of small engines used in lawn mowers and generator, reported slightly better than expected Q3 result but warned the optimistic Wall Street crowd to tone down its rosy forecasts.
Briggs & Stratton (NYSE:BGG) now says that it will make 44 cents on $560 million sales in Q4, far short of the 51 cents $529.2 million of sales Wall Street was expecting.
I can’t say for sure that this connects to the real estate bubble, but I can remember borrowing my parents lawn mower for a couple years after I bought my first house because I didn’t have enough money to buy my own.
This just feels like another piece of the puzzle (like American Standard earlier in the week) that shows a topped out real estate market.
- Other articles on the Seeking Alpha Network by Tony Sagami
« Any opinions expressed on the Seeking Alpha sites are those of the individual authors and do not necessarily represent the opinion of SeekingAlpha or its management. »