Bear of the Day: Malibu Boats (MBUU)

Malibu Boats, Inc. (MBUU) is navigating choppy waters as consumer demand for boats remains soft. This Zacks Rank #5 (Strong Sell) is riding out the slowdown while preparing for normalization. Malibu Boats is a designer and manufacturer of recreational powerboats, including performance sport, sterndrive, and outboard boats. It's brands include Malibu and Axis in sport boats, Cobalt in sterndrive boats, Pursuit and Cobia in saltwater fishing boat market and the Pathfinder, Maverick and Hewes flats and bay boa ...