MasterCraft Sees Growth Opportunities After Its IPO Through GoPro

MasterCraft (MCFT) president and CEO Terry McNew details where he sees the most growth opportunities for the power boat manufacturer after its IPO on the Nasdaq.
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MasterCraft (MCFT) president and chief executive Terry McNew tells TheStreet's Ruben Ramirez where he sees the most growth opportunities for the power boat manufacturer after its initial public offering on the Nasdaq. McNew explains that after being in business since 1968, now is the right time for the company to go public after experiencing rapid growth within the last three years. In terms of growth opportunities in various markets going forward, McNew says he sees strength in the United States and Australia as well as a pick-up in Europe. Some of its growth opportunities will also be derived from MasterCraft's co-branding relationship with GoPro (GPRO), McNew reveals. Already, MasterCraft boats include a GoPro option that offers consumers the ability to capture their experiences through GoPro cameras that stream content back to their phones. Also, with a growing interest in electric vehicles offered by the likes of Tesla (TSLA), McNew reveals whether an electric boat from MasterCraft could be on the horizon.