BGG - Briggs & Stratton Corporation: Not Buying The Bounce
Shares of engine manufacturer Briggs & Stratton Corporation (BGG) received a jolt of optimism when the company reported a pleasantly surprising first quarter for its 2020 fiscal year. While the company has made strides to stabilize itself in the short term, a number of potential headwinds remain when looking further out. The company has kicked its debt further down the road, and being this far into an economic up-cycle leaves us cautious about a recession, and what that could mean for Briggs & Stratton as it strives to turn itself around. With the