Malibu Boats: Headwinds Deepen As Tommy's Lawsuit Alleges Delivery Scheme
Malibu Boats(MBUU) Seeking Alpha·2024-06-07 07:04
Malibu Boats, Inc. (NASDAQ:MBUU) has issued two quarterly reports since my previous article on the stock. The company's demand continues to be distributed, and as a result, revenue declines have deepened into a weaker level than I previously anticipated. Still, the company has continued to keep profitability at a fairly good level considering the weak revenues. A lawsuit has also been filed against Malibu Boats after my previous article, now acting as a significant threat to the investment with allegations ...