Camping World (NYSE.CWH), a world-leading retailer of recreational vehicles is one. Its ancillary businesses provide services to support a growing ecosystem of RV consumers.
Reserveamerica
The company operates over 170 SuperCenters that sell RVs, outdoor items, and Good Sam products. A large number of RV service centres are also owned and operated by the company.
Its RV dealerships have a large inventory of new and pre-owned vehicles. The company can offer RVs at a fair price to its 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 formed a partnership to Lordstown Motors, an electric vehicle manufacturer, to help design, engineer and manufacture an all-electric motorhome that Camping World will sell and service at its RV shops.
Camping World is the only national brand to offer all-electric motor homes. These can be purchased and serviced at its RV dealers.
A+ Stocks for your Portfolio
Investors should consider Camping World Holdings (NYSE:CWH) as a potential investment because it has a lot of upside from its current market price. The company has a solid management staff and is a reliable performer.
Insider Trading Activity
A detailed look at insider buying and selling by a company can reveal important information about its prospects. Marcus Lemonis is a top-tier insider at Camping World who bought CWH shares several time this year.
A strong insider buy can be a sign that the company's outlook is optimistic. This could also signify that the company's management has taken steps to increase shareholder wealth.
CWH stock was purchased 13 times by Chairman and Chief Executive Officer Lemonis this year. This boosted his position from 447.423 shares in 2013 to 517.096 shares.
Since 2006 Lemonis has been Camping World's CEO and Chairman. He has been the Chairman and CEO of Camping World since 2006.
His buys could indicate his confidence in Camping World’s near-term prospects, and that he is taking steps towards increasing shareholder value.
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 elite investment banker, who has been a Camping World shareholder over 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 purchased shares for Kraft Foods and Pepsi among others.
Camping World's results this year could be impacted by a slowing economy and the RV industry slowing down. But, Camping World's balance sheet is strong and it has a diversified business plan that should make it profitable in the future.