Brunswick Corp

BC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$54.00	Vbwdl	Nvmrfvyt

New Morningstar Analyst Report - Brunswick Corporation

Jun 22, 2011

Business Strategy and Outlook

We believe the scale of Brunswick's operations, its dominant market share, and the strength of its brands all contribute to the company's narrow moat. However, the recession has annihilated consumer spending on high-ticket discretionary items, and we do not expect demand in the boating industry to approach its peak levels experienced between 2005 and 2007 anytime soon.

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