BGG - Briggs & Stratton Is A 'No-Touch' Stock
Briggs & Stratton Corporation (BGG) shares cratered by more than 50% after it reported weak Q419 results, reduced its guidance, and slashed its dividend in the middle of August. In the run up to the November 1st announcement of Q120 results, shares recovered more than 100%, but subsequently have slipped again to about $5.30. This is roughly 35% below where they traded on August 14th before the disappointing Q419 results were announced.
In the aftermath of a massive decline, recovery, and retreat in price much has been written about Briggs & Stratton’s (aka