Tag Archives: BGG

A View From Outdoor Power Equipment Dealers – Waiting on Weather…

January 13, 2010 – 9:41 am

Over the past 9-months we have twice introduced the shares of BGG as a short sale candidate: once in front of the company’s 3Q09 results and the second time in advance of Briggs and Stratton’s 1Q10 results.  We are happy to say that both trades worked out well.  As some of our long-time readers may remember [...]

By PAA Research | Posted in Industrials | Also tagged , , , , | Comments (0)

PAA Research SMid Cap Portfolio Update, Closing Out BGG Short Trade Idea with a 7.4% Gain

November 2, 2009 – 3:28 am

We wanted to provide you with an update on the performance of our SMid Cap portfolio, which we introduced on 9/3/09.  You can find our initial report here.  As a reminder this is a “mock” portfolio with an initial value of $100 million.  We plan to manage the portfolio like a long/short equity hedge fund.
Overall [...]

By PAA Research | Posted in SMID Cap Portfolio | Also tagged , , | Comments (0)

It’s Still Too Early for BGG, Getting Short Into Earnings as a Trading Call

October 19, 2009 – 9:48 am

One of the first investment ideas we introduced on this site was a short-term trading call on Briggs and Stratton.  You can read our original report here.  At that time we were fairly confident the stock could trade off based on our view that consensus expectations were too high heading into the company’s 3Q09 earnings, [...]

By PAA Research | Posted in Short Ideas | Also tagged , , , | Comments (1)

Briggs and Stratton’s (BGG) 3Q09 – The “Holy Trinity” for Shorts? A Miss, Reduced Guidance and a Reduced Dividend

April 16, 2009 – 8:46 am

BGG reported 3Q09 results this AM and it appears that our expectations and thesis were right on point.

Revenues and EPS of $673.8 million and $0.51, were well below street consensus of $721.7 million and $0.64. Remember, we thought the company would generate $661.8 million in revenues and $0.53 in EPS
The company reduced its [...]

By PAA Research | Posted in Industrials, Short Ideas | Also tagged , , | Comments (0)

One for You Traders Out There: Short BGG Into Earnings (this Thursday)

April 14, 2009 – 6:33 pm

Please make sure to click on the link at the end of this post to read our full write up on BGG.

BGG’s stock has increased 18% over the past month, which we attribute to the following: Increased investor appetite to own cyclicals, growing investor anticipation that a bottom in housing could be forming, and a [...]

By PAA Research | Posted in Industrials, Initial Investment Idea Write-ups, Short Ideas | Also tagged , , | Comments (1)