Camping World (NYSE.CWH) has been a leader in the retail of recreational vehicles and related products. Its ancillary businesses provide services to support a growing ecosystem of RV consumers.
Reserveamerica
The company owns and operates more than 170 SuperCenters centered around the sale of RVs, outdoor lifestyle items, and a full range of Good Sam offerings. It also has a large number RV service centers.
The company's RV dealers have large inventories of pre-owned and new vehicles. This enables the company to offer RVs at a competitive price to their customers.
This allows Camping World to compete against other RV dealers in the industry and gain a greater market share.
Lordstown Motors
The Company has entered into a partnership agreement with Lordstown Motors (an electric vehicle manufacturer) and will assist in the design, engineering, and manufacturing of an all-electric home. Camping World plans to sell it and provide service at its RV stores.
Camping World is the national brand currently offering all-electric motor home that can be sold and serviced at RV dealers.
A+ Stocks for your Portfolio
Camping World Holdings (NYSE.CWH) is a good investment as it offers a lot of upside compared to its current market price. The company is a solid manager team and is a reliable performer.
Insider Trading
A detailed look at insider buying and selling by a company can reveal important information about its prospects. Marcus Lemonis, a top-ranking insider at Camping World, purchased CWH shares many times this year.
An insider buy that is strong can indicate optimism. This can also be a sign that the company's management is trying to increase shareholder value.
Chairman and CEO Lemonis purchased CWH stock on 13 occasions this year, increasing his position from 447,423 shares to 517,096 shares.
Since 2006 Lemonis has been Camping World's CEO and Chairman. He is a long-term steward of the company and knows its history and future well.
His buying of shares can indicate that Camping World is optimistic about the near-term prospects. He is also taking steps to increase shareholder wealth.
In addition to Lemonis' insider purchases, Camping World has seen a number of other insiders buying shares in the past few months. Lemonis's son, who was involved from the beginning with Camping World, is one of these insiders.
The other is an experienced investment banker and has been a Camping World shareholder for many years. He has also invested in other companies in the industry and he's a savvy investor who knows his way around the company's business.
He has a strong track record in purchasing shares at the right moment. He has bought shares at the right time for companies such as Kraft Foods or Pepsi.
Camping World's performance could be affected this year by a weaker economy and a slower RV industry. However, the company has a strong balance sheet and a diversified business model that should help it remain profitable and strong in the coming years.