quote:

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* Reports $2.08 a share loss

* Sales down 45 percent

* Sees little hope of turnaround in 2009


CHICAGO (Reuters) - Brunswick Corp, the world's largest maker of recreational boats and marine engines, reported a quarterly loss Thursday as demand for pricey watercraft continued to suffer as a result of the economic downturn.

The company said it lost $184.2 million, or $2.08 a share, during the first quarter. During the comparable quarter last year, Brunswick reported a profit of $13.3 million, or 15 cents a share.

Sales fell 45 percent to $734.7 million. Even the company's smaller fitness, billiards and bowling businesses performed poorly.

Brunswick, which has already slashed its workforce and shut factories, said it was "not planning for any meaningful economic recovery in 2009" and said it expected to take additional restructuring actions. (Reporting by James B. Kelleher Editing by Brian Moss)

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I don't know about the long term outlooks for Brunswick, but Brunswick's major business is recreational products.

In this economy, recreational expenditures is the first area people will cut back on.  Things will be getting a lot worse for Brunswick before the good things come around.
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