Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
For an "Executive Decision" segment, Cramer spoke with Mark Schwabero, chairman and CEO of Brunswick Corp. (BC) , the makers of boats and exercise equipment that last posted strong results with a top and bottom line beat and strong guidance.
Schwabero said the value of boats is only increasing and customers are expecting more and more from their boats. Whether it's fishing with friends or spending time with the family, Schwabero said, boating is appealing to a broader audience every year, most of which are average, middle-class Americans.
When asked about the effects of the recent hurricanes, Schwabero said that parts and accessories, which represent 25% of Brunswick's boating business, will be the first segment to see the effects. Most replacements, he said, typically appear 12 to 18 months after the event, once families have had a chance to rebuild their homes and the rest of their lives.
Turning to Brunswick's fitness business, Schwabero explained that 90% of their business is commercial, with 60% of that number stemming from fitness clubs, and the remaining amount coming from verticals like hospitality, apartments and the military. Brunswick has made three acquisitions in fitness to become a leader in the space.
Over on Real Money, Cramer explains his rules for spotting rotations. Get Cramer's insights with a free trial subscription to Real Money.
Cramer and the AAP team say they are making a few ratings changes in their portfolio, including for Apache (APA) and General Electric (GE) . Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
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