Brunswick Hits The Deck

October 20th, 2008 by alyx · 2 Comments · markets

From WSJ:

Moody’s Investors Services cut its credit rating on Brunswick Corp. (BC) to junk territory, noting the travails the recreation-equipment maker is facing amid the credit crunch and slack consumer demand.

Their stock is down 27% right now. When I think Brunswick, I think bowling balls, but they also make a wide assortment of products such as fitness equipment, pool tables and (fail)boats. “Consumer discretionary,” it was nice knowin’ ya. Or, as Walter would say, Brunswick, these days…

you’re out of your element.

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