Malibu Boats (MBUU) is facing a slowdown in sales due to the post-lockdown surge in consumer spending on high-ticket items like boats. Analysts have lowered earnings estimates, with a 58% YoY decline expected next quarter. Despite trading at historical valuation averages, MBUU remains unattractive due to declining fundamentals and stock performance.

The stock price of Malibu Boats has hit new lows, following a downtrend since 2021 highs. The company is facing headwinds from a post-pandemic slowdown in demand, further impacting its stock performance. Investors are advised to avoid MBUU at this time, waiting for a potential turnaround in earnings estimates or a more attractive entry point.

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Read more at Nasdaq: Bear of the Day: Malibu Boats (MBUU)