HZO - Better Buy: MarineMax vs. Brunswick
2023-07-20 09:08:00 ET
As the recreational boating industry returns to a seasonal norm in the post-pandemic era, one thing remains clear -- the boating lifestyle remains in high demand. IMARC Group forecasts that the global recreational boating market will grow at an annualized rate of 6% through 2028. While the industry's long-term outlook is promising, near-term economic uncertainty could impact progress this year.
Let's analyze two players in the marine industry to determine which consumer discretionary stock makes a better buy in today's market.
MarineMax (NYSE: HZO) describes itself as "the world's largest lifestyle retailer of recreational boats and yachts, as well as yacht concierge and superyacht services." Headquartered in Clearwater, Florida, it's a recreational boat and yacht retailer, marina operator, software developer, and boat manufacturer.
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Better Buy: MarineMax vs. Brunswick