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Denis Ouellet
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Denis Ouellet has been involved in the Financial sector since 1975. Now retired, he is a part-time blogger. Denis has been analyst and head of research for a brokerage company, equity manager for various investment organizations (pension, mutual and hedge funds), head of global equity... More
My company:
Fidanza Publishing
My blog:
BEARNOBULL
  • Micro Facts: Briggs & Stratton’s poor outlook 0 comments
    Apr 17, 2009 10:48 AM | about stocks: RTH, BGG, XLY, XLP

     B&G is a small company that sells small engines to many, many small manufacturers of consumer products. In its quarterly release yesterday, B&G management cited retailer uncertainty as to how much demand will materialize this Spring (we are there, right now!), and channel partner unwillingness to take on inventory before demand materializes. So demand is not yet materializing. Management cut guidance for the coming quarter by 40% given a weaker than expected season at retail. Commercial and riding equipment (tractors, etc) was noted as particularly weak.

    Conclusion: the consumer is not back yet

    news-to-use.com

    Themes: retail, consumer, economy Stocks: RTH, BGG, XLY, XLP
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