Camping World (NYSE.CWH), a world-leading retailer of recreational vehicles is one. Its ancillary businesses offer services that support an expanding ecosystem of RV buyers.
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.
Its RV dealerships offer a wide range of pre-owned and brand new vehicles. This allows the company offer RVs at competitive prices to their customers.
Camping World is now able to compete in the RV industry with other dealers and has a larger 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 currently the sole national brand offering all electric motor homes that can both be sold and serviced by RV dealers.
A+ Stocks for your Portfolio
Camping World Holdings, NYSE:CWH is an attractive investment that offers many upsides from its current market value. The company is a solid manager team and is a reliable performer.
Insider Trading
In-depth analysis of insider buying/selling can reveal crucial information about the prospects for a company. Marcus Lemonis (Camping World's top-ranking insider) bought CWH shares multiple times this year.
A strong insider buy could indicate that the company is optimistic. This could also signify that the company's management has taken steps to increase shareholder wealth.
CWH stock was purchased by Chairman and CEO Lemonis 13 times this year. This increased his position from 447.423 shares to 517.096 shares.
Since 2006 Lemonis has been Camping World's CEO and Chairman. He has been a long-term manager of the company, and is well versed in its past and future.
His buys could indicate his confidence in Camping World’s near-term prospects, and that he is taking steps towards increasing shareholder value.
Camping World has witnessed other insiders purchase shares over the past few months in addition to Lemonis' insider buying. One of these insiders is Lemonis' son, who has been involved with Camping World from the beginning.
The other is a top-tier banker who has been an investor in Camping World for years. He's also an investor in other companies in this industry, and is a smart investor who knows how to navigate the company's operations.
He has a proven track record of buying shares at just the right time. He has done so for companies like Pepsi and Kraft Foods, among others.
Camping World's results could be affected by a weak economy or a slowing industry. The company's strong balance sheet and diverse business model should ensure it remains profitable and strong over the next few years.