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BGG - Briggs & Stratton: Prospects Of A Recovery Remain Bleak
Briggs & Stratton Corporation
Written by Robert Kovacs
Introduction
Towards the end of July, I wrote a piece on Briggs & Stratton (BGG). My message was clear: this wasn’t a stock dividend investors would want to hold. Arguably even, not a stock anyone should want to hold. I stated that the dividend was unsafe and that “I could not suggest any reason why dividend investors would want to take on so much risk for a 5.8% yield.”
Within a month of my article, what I feared was inevitable came to pass: the dividend was cut... by a