Do you think DOO.To a buy now amid this drop?

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Asked on February 7, 2025 8:34 am
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Hey there. I am a fan of BRP (DOO) and I do own it. I added earlier in the year and I will continue to periodically add to the company throughout the year. It is a company that is caught up in a bit of a cyclical downtrend due to a large scaleback in discretionary spending. I do believe that discretionary spending will come back when rates continue to decline in the United States, it's just taking a bit longer to get there.

If you're going to add, expect significant volatility as it will be a stock that moves heavily with economic news (jobs reports, tariffs, rate declines) etc. But I do think it is a strong long-term buy and hold at this point.

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Posted by Dan Kent
Answered on February 8, 2025 7:09 am