MBUU - ready to turn corner soon?? perhaps UP...and UP...at some point...as it is a STRONG BUY RATING....It should hold at this spot for support levels.. imo. We shall see. EITHER WAY IT IS BUILDING A BASE AT THIS SUPPORT LEVEL NOW --- from what I can see...
It has just layed low for volume in the past week or so.. during this panic MARKET sell, none the less the MBUU stock just slowly went down to the bottom of the channel. (NOT in a panic sell mode).
I think Malibu Boats is ready to go up as it has reached the bottom of the channel with all the negative NEWS on Coronavirus, although it has just followed the panic sell IMO.
Sales may take a slight hit -- although I believe they are not linked to ASIA for any supply chain from what I can see (please correct if Im wrong.) Production is done is US and Australia.
NOTES RE: MAILBU BOATS;
Malibu Boats is an American manufacturer of recreational boats, founded in Merced, California in 1982, and currently headquartered in Loudon, Tennessee with additional production facilities in New South Wales, Australia. Malibu is "the world's largest manufacturer of watersports towboats", used both recreationally and in water skiing and wakeboarding events
Brands: Malibu has maintained two major brands in the industry, Malibu Boats and Axis Wake and as of 2017, has acquired the competing Cobalt Boats brand.
STRONG BUY RATING
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Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
It has just layed low for volume in the past week or so.. during this panic MARKET sell, none the less the MBUU stock just slowly went down to the bottom of the channel. (NOT in a panic sell mode).
I think Malibu Boats is ready to go up as it has reached the bottom of the channel with all the negative NEWS on Coronavirus, although it has just followed the panic sell IMO.
Sales may take a slight hit -- although I believe they are not linked to ASIA for any supply chain from what I can see (please correct if Im wrong.) Production is done is US and Australia.
NOTES RE: MAILBU BOATS;
Malibu Boats is an American manufacturer of recreational boats, founded in Merced, California in 1982, and currently headquartered in Loudon, Tennessee with additional production facilities in New South Wales, Australia. Malibu is "the world's largest manufacturer of watersports towboats", used both recreationally and in water skiing and wakeboarding events
Brands: Malibu has maintained two major brands in the industry, Malibu Boats and Axis Wake and as of 2017, has acquired the competing Cobalt Boats brand.
STRONG BUY RATING
___________________________________
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.