Long Position on MBUU @ $25.75 on 7/3/2017 (Fundamentals)

Malibu Boats, Inc. (MBUU) designs, manufactures, markets, distributes, and sells sport boats.

The company provides boats for use in water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

It also offers various accessories and aftermarket parts.

The company sells its performance boats under the Malibu and Axis brands through a network of independent dealers in North America, South America, Europe, Asia, Australia, and New Zealand markets. 

The Company's boats are constructed of fiberglass, equipped with inboard propulsion systems and available in a range of sizes and hull designs. The Company also offers various accessories and aftermarket parts.

The Company's boat models include Malibu M Series, Malibu Wakesetter, Malibu Response and Axis.

Shares have been steady performers and their rise should continue. Note that 30-day moving average has been acting as a support for the stock.

52-Weeks Trading Range: $12.22 - $29.50

Entry Point: $25.75

Stop Loss: $24.40

Target Price: $28.33

Updates

7/12/2017 10:24:12 AM

MBUU closed at $28.40.

Position closed on 7/12/2017 at price of $28.40 with a 10.29% gain in 9 days.

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