NEWS BLIPS
Camping World Survives Despite Shares Dropping
Editor's Note: This news item was retrieved and first published through Seeking Alpha's website.
Camping World Holdings (CWH) has seen turmoil in 2018. Shares began the year in the mid-$40s but have fallen to just $16 and some change. Investors are worried about a variety of issues including the impact of tariffs, the company’s own growth outlook and a general slowdown in the economy. However, the stock is priced now as though the company will materially miss earnings projections in the years to come, a condition which has produces a low-risk, high-reward situation for the bulls.
Seeking Alpha writer Josh Arnold relays in his article, Camping World's results do not align with shares declining in 2018. Josh predicts "margin pressures are transitory and that shares will move much higher in the coming years." Revenue in the third quarter was up more than 6% as its three reporting segments – which is a new reporting structure from the old structure of two segments – produced revenue gains. The Consumer Services & Plans department saw revenue rise 12.7% as the segment added 8.5% to its customer total, which is now up to 3 million. Dealership revenue, which is by far the largest segment, was up fractionally during Q3. Total units sold increased 2.3% as both new and used unit volume rose in excess of 2%.
For more statistics on Camping World by Seeking Alpha, read the full article here.
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