Camping World (NYSE :CWH) is a major retailer of recreational vehicles, and related products. Its ancillary businesses support a growing community of RV-owners.
Reserveamerica
More than 170 SuperCenters are owned and operated by the company. These SuperCenters sell RVs, outdoor gear, and other Good Sam products. Additionally, there are many RV service centers.
Its RV dealers carry a wide selection of used and new vehicles. The company can offer RVs at a fair price to its customers.
Camping World can now compete with other RV dealers within the industry to win 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. It is also a reliable performer with a solid management team.
Insider Trading
A detailed look at insider buying and selling by a company can reveal important information about its prospects. For example, Camping World's top-tier insider, Marcus Lemonis, bought CWH shares several times this year.
A strong insider buy can be a sign that the company's outlook is optimistic. It could also signal that the company's leadership is taking steps to increase shareholder values.
CWH stock was bought by Chairman and CEO Lemonis on 13 occasions in this year. This increased Lemonis' position from 447.423 shares up to 517.096 shares.
Since 2006 Lemonis has served as Chairman and Chief Executive Officer of Camping World. Lemonis is a long-term steward and has a deep understanding of the company's history and its future.
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. One of these insiders is Lemonis' son, who has been involved with Camping World from the beginning.
The other is an elite investment banker, who has been a Camping World shareholder over many years. He is also an experienced investor and has made investments in other companies in the sector.
His track record is impressive in buying shares at the right times. He has done so for companies like Pepsi and Kraft Foods, among others.
A weak economy and a slowing RV industry could put Camping World's results in question this year. Camping World has a strong balance and a diverse business model, which should allow it to remain profitable and strong for the future.