BGG - Position Close Update: Briggs & Stratton Corporation
Briggs & Stratton Corp. (BGG) — Closing Short Position — down 8% vs. S&P up 29%
Briggs & Stratton was originally selected as a Danger Zone pick on 4/27/15. At the time of the report, the stock received a Very Unattractive rating. Our short thesis highlighted slowing sales, falling margins and return on invested capital (ROIC), questionable acquisitions, and an overvalued stock price.
During the 1113-day holding period, BGG outperformed as a short position, falling 8% compared to a 29% gain for the S&P 500. BGG was upgraded to Neutral