2024-02-20 08:07:54 ET
Summary
- Malibu Boats is battling macroeconomic headwinds, but it's in a strong position to ride them out.
- The company remains profitable, and hopes to capitalize on the tough market with an acquisition.
- Based on historical ratios, there's a lot of room for MBUU to run once things turn.
When I first covered Malibu Boats ( MBUU ) in September, I pointed out that the next two quarters might be rough for Malibu Boats, but the market already seemed to have that priced in as a near certainty. That's basically how things have played out. Year-over-year earnings dropped nearly 38% despite a $0.09 EPS beat....
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For further details see:
Malibu Boats: Stay The Course And Relish The Results