Camping World (NYSE.CWH) has been a leader in the retail of recreational vehicles and related products. Its ancillary business provides services to support a growing RV consumer base.
Reserveamerica
More than 170 SuperCenters are owned and operated by the company. These SuperCenters sell RVs, outdoor gear, and other Good Sam products. The company also operates many RV service centers.
Its RV dealerships offer a wide range of pre-owned and brand new vehicles. This allows the company to offer RVs to customers at a very competitive price.
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 national brand currently offering all-electric motor home that can be sold and serviced at RV dealers.
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Camping World Holdings (NYSE.CWH) is a good investment as it offers a lot of upside compared to its current market price. The company has a strong management 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.
A strong insider buy could indicate that the company is optimistic. It can also indicate that a company's management is taking action to increase shareholder value.
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 is Camping World's Chairman & CEO. He is a long-term steward of the company and knows its history and future well.
His buys can be a signal that he is confident in Camping World's near-term prospects and is taking steps to increase shareholder value.
Camping World has seen other insiders make insider purchases in the past few weeks, along with Lemonis' purchases. Lemonis's son, who was involved from the beginning with Camping World, is one of these insiders.
The other is a top-tier investment banker who has been a Camping World shareholder for years. He has also invested in companies in the same industry and is a skilled investment banker who knows the intricacies of the company.
His track record is impressive in buying shares at the right times. 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. The company is able to maintain profitability and strength in the coming years due to its strong balance sheet, diversified business model and solid financial position.