- BRP and Polaris occupy much of the same areas within powersports, with Polaris also owning the Aixam mini streetcar brand.
- The big difference between the two given our concerns in supply chains is the exposure to snowmobiles.
- We think snowmobiles are a more attractive exposure because they use Kevlar tracks and are less rubber intensive, and BRP is the market leader here.
- While Polaris has Aixam which is nice, we think the very heavy ATV exposure, with its legal risks, as well as more rubber-intensive production put it at a disadvantage.
For further details see:
Polaris: Good But Not The Best Powersports Bet