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MCBC Holdings, Inc. (MCFT) innovates, designs, manufactures, and markets sport boats and outboard boats in North America and internationally.
The company's boats are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.
The company markets its boats under the MasterCraft and NauticStar brands. It sells its products through a network of independent dealers.
The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating. The Company distributes the MasterCraft product brand through its dealer network. The Company manufactures a range of Hydra-Sports recreational fishing boats. It also leases a parts warehouse in the United Kingdom to expedite service, primarily to dealers and customers in the European Union. The Company operates primarily through its subsidiaries, MasterCraft Boat Company, LLC and MCBC Hydra Boats, LLC.
The Company's MasterCraft-branded portfolio includes Star Series, XSeries and NXT boats. It sells its boats through a network of independent dealers in North America and internationally. As of June 30, 2016, it partnered with approximately 90 North American dealers with 141 locations and 43 international dealers with 56 locations across the rest of the world.
In addition, the Company offers various accessories, including trailers and aftermarket parts. MCBC's water ski boat, the ProStar, is a three-event ski boat. MasterCraft boats offer Zone 4 surfing wake, which is measured as 15 to 20 feet from the swim platform of the boat, and provides traversable wave surface area and the ability to surf boards.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.
Entry Point: $33.05
Stop Loss: $31.40
Trading Range: $20.13 - $39.50
Target Price: $36.34
MCFT closed at $22.65
