2024-01-22 16:37:48 ET
Summary
- MasterCraft manufactures powerboats for recreational customers through three brands.
- The company's long-term financials show modest growth and good margins with some long-term operating leverage.
- MasterCraft's FY2024 is going to be poor due to the macroeconomic situation and retailers' lowering inventory needs, as represented by the very poor guidance.
- It seems that markets have priced in too much caution, as MasterCraft is priced very attractively in respect to the company's long-term earnings level.
MasterCraft Boat Holdings, Inc. ( MCFT ) manufactures and distributes powerboats for recreational customers. The company owns three brands – MasterCraft, Crest, and Aviara. The company produces ski-wake boats, pontoon boats, and luxury day boats....
Read the full article on Seeking Alpha
For further details see:
MasterCraft: Priced With Too Much Caution