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BRP Inc T.DOO

Alternate Symbol(s):  DOOO

BRP Inc. is a Canada-based company that specializes in powersports products, propulsion systems and boats. Its segments include Powersports and Marine. Powersports segment comprises Year-Round Products (all-terrain vehicles, side-by-side vehicles and three-wheeled vehicles), Seasonal Products (snowmobiles, personal watercraft and pontoons) and Powersports PA&A and OEM Engines (parts, accessories and apparel (PA&A), engines for karts and recreational aircraft, Pinion gearboxes and other services). Marine segment consists of boats, pontoons, jet boat and outboard engines and related PA&A and other services. Its brands include Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems and Rotax engines for karts and recreational aircraft. It is developing electric models for its existing product lines and exploring new low voltage and human assisted product categories.


TSX:DOO - Post by User

Bullboard Posts
Comment by DanGood38on May 29, 2020 6:19pm
259 Views
Post# 31090298

RE:RE:RE:Another Big Day Today

RE:RE:RE:Another Big Day TodayI've got BRP with a $793 million deficit as of April 30th. This equates to negative $9.05 per share. In May they took out another $600 million US in term loans at LIBOR plus 5% Their other $1,235 US million loan was at LIBOR plus 2%. How can this be good? They also took out a $685 million credit line on the quarter. And bought back 1 million shares in the market over 3 months while handing out 1.65 million stock.options for free at an exercise price of $26.66. I have no idea why the shares are anywhere near $50 except for the company buybacks which they do at the same time as cutting the dividend to nil. Good a be helping all their buddies in the brokerage business.
Bullboard Posts