Briggs & Stratton Corp. (fka BGGSQ)

[02opida]

1.88

[TheFinalCD]

https://ih.advfn.com/stock-market/NYSE/briggs-and-stratton-BGG/stock-news/82627859/briggs-stratton-corporation-and-club-car-announc

[threewheeler]

no not in, alert is still in thou

[Valuetrader]

I got back in $BGG yesterday at 1.71. Hope you got your 1.50s.

[bc521]

Unless they announce that they have a buyer for their turf brands allowing them to pay off all debts and focus on energy production. In that case we won't see 1.50s. It's not going to happen this quarter though so hopefully this earnings report drives the price down for great entries.

[threewheeler]

looking for 1.50s with sales slowed could be great play once COVID is done

[Valuetrader]

I agree. I'm only holding a small position here for now. I expect we will see many opportunities in the market soon.

[conix]

Coronavirus is going to have an impact on BGG considering their supply chain is in China.

[conix]

Briggs & Stratton slips 15% on Q2 results miss and lowered FY20 guidance

Jan. 30, 2020

Akanksha Bakshi, SA News Editor

Briggs & Stratton (BGG -15.6%) reported Q2 revenue decline of 13.4% Y/Y, reflecting the expected impact of the timing of shipments of small engines to OEMs and lower storm-related sales.

Engines segment sales declined 19% Y/Y and Products segment sales declined 5% Y/Y.

Q2 Gross margin declined by 276 bps to 15.5%; and Adj. gross margin of 17.3% down by 130 bps.

Reported loss from operations of $10.15M, compared income of $8.34M a year ago.

Net cash used in operating activities YTD was $207.86M, compared to $216.03M a year ago.

Company says, given uncertainty around elevated channel inventory and ongoing global weather related challenges, they are forecasting slightly reduced financial results across segments. They also expect slightly higher consolidated interest expense associated with ABL credit facility compared to previous estimates.

FY20 Outlook, lowered: Net sales $1.83B – $1.97B (prior $1.91B – 1.97B); Adj. EPS $0.05 - $0.33 (prior $0.20 - $0.40); and Operating Margins 2.1% to 2.9% (prior 2.5% to 3%).

Previously: Briggs & Stratton EPS misses by $0.07, misses on revenue (Jan. 30)

[Valuetrader]

Loaded here at $3.92

[STOCKPICKER4LIFE]

Loaded up today at $4.95. I bet earnings come out positive tomorrow.
Good entry point here imo.

[Valuetrader]

$BGG is bouncing back from that dip. 5.54 now

[Valuetrader]

Loaded more $BGG at 5.25

[STOCKPICKER4LIFE]

I agree with you. The chart looks good. I hope we can stay green today.

[Valuetrader]

Did you manage to get a position in $BGG

[Valuetrader]

$BGG nice recovery going on here

[Valuetrader]

$BGG slow and steady climb back up

[powerbattles]

On watch look like now is a good entry.

[STOCKPICKER4LIFE]

Yeah it is looking very good. Buys around $5.00 are money in the bank. The RSI was really low the past few days.

[Valuetrader]

$BGG 5.34 now

[conix]

RSI is getting down to that 30 level

[conix]

BGG One Year Chart

[conix]

Briggs & Stratton Corporation Short Interest

Short Interest (Shares Short)
8,740,000
Short Interest Ratio (Days To Cover)
11.8
Short Percent of Float
21.66 %
Short % Increase / Decrease
2 %
Short Interest (Shares Short) - Prior
8,610,000

[Valuetrader]

$BGG around 5.10 should be a good entry point if you want shares

[The ELTP King]

AHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!

$6.82 >>>>>>>> $6.25

Happy New Year!!!! LOL!!!!

BGG is a Tax Bounce Candidate.

[The ELTP King]

Great stock to short.

Should be back down in the $5's soon.

[conix]

Briggs & Stratton Corporation-- Short Interest

Short Interest (Shares Short)
8,740,000

Short Interest Ratio (Days To Cover)
11.8

Short Percent of Float
21.66 %

Short % Increase / Decrease
2 %

Short Interest (Shares Short) - Prior
8,610,000

[conix]

BGG--91% Institutional Ownership

https://www.cnbc.com/quotes/?symbol=BGG&qsearchterm=bgg&tab=ownership

[conix]

Second Quarter Financials due out early February

From the company:

Fiscal 2020 Outlook:

The Company is maintaining its previous financial guidance for fiscal 2020. Net sales are expected to be within a range of $1.91 billion to $1.97 billion, which contemplates midpoint growth of approximately 5.5% over fiscal 2019's performance.

Adjusted net income is expected within a range of $9 million to $17 million, or $0.20 to $0.40 per diluted share, prior to the impact of costs related to the Company's business optimization program and the engine manufacturing consolidation project. Storm-related generator sales in the first quarter drove modest upside to our planned results, which helps support the achievement of the outlook for the year.

The outlook does not contemplate potential incremental demand related to power outages in California.

[Valuetrader]

I agree. Thanks for the info. $BGG should be a good one for 2020. I'm holding a core position and collecting the dividend while it recovers. I'm swing trading some as well to increase my position.

[conix]

BGG is a Tax Bounce Candidate.



Seeking Alpha article

https://seekingalpha.com/article/4314259-briggs-stratton-this-5-dividend-stock-is-top-pick-for-2020-rebound?ifp=0&utm_medium=email&utm_source=seeking_alpha

[Valuetrader]

Loaded a few more down here today. BGG will be back over $6 by next spring IMO.

[Valuetrader]

Good morning Powerbattles. I just sold half of my position in BGG. I'm just running on dividend paying freebies now. I've started loading QUAD. It's oversold and pays a .15 quarterly dividend.

[Valuetrader]

BGG is still running strong. Generator sales in California due to all the power outages are helping push us higher.

[whytestocks]

News: $BGG Briggs & Stratton Corporation Announces New Revolving Credit Facility

MILWAUKEE , Sept. 27, 2019 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG) ("the company") today announced that it has entered into a new revolving credit facility ("facility"), which provides up to $625 million in borrowing capacity subject to a borrowing base. The n...

Read the whole news BGG - Briggs & Stratton Corporation Announces New Revolving Credit Facility

[Valuetrader]

Another green day 6.26 now

[Valuetrader]

Thanks. I'm still long here. I'm hoping to see a surprise earnings increase this quarter.

[powerbattles]

BGG CONGRATS! GREAT CALL,

[TheFinalCD]

BBG nice recovery so far

[Valuetrader]

BGG 5.33. Generator sales are increasing substantially due to Dorian.

[ClayTrader]

* * $BGG Video Chart 09-05-2019 * *

Link to Video - click here to watch the technical chart video

[TheFinalCD]

BGG

[Valuetrader]

Insiders have started loading BGG. Looks like it may have bottomed.

[pinchmelucky]

50 day moving average heavy resistance

[pinchmelucky]

shes primed now

[Valuetrader]

This is an unbelievable opportunity for people to invest in a decent company with a strong future. Briggs & Stratton will recover from this and people will regret not investing at these prices. It may take a little while, but will be worth the wait IMO.

[Valuetrader]

Thanks. I'll be adding more if it dips below my buy price. I have no interest in selling this one under 20.00. IMO the dividend will increase again possibly next year.

[TheFinalCD]

I took a starter here today at 4.35.

congrats so far FF

[stock1ace1]

U sure that was correct # ?

[stock1ace1]

Pm me ur # i lost it