My Favorite Dip of the Day: CWH
Right now, looking at CWH with earnings and everything, I see why people are concerned. They are bidding against Marcus because earnings during a pandemic for commercial RVs are seemingly low. However, this is expected. Given retail had a huge hit and not lots of people would be outdoors, camping supplies, RVs, etc. aren't expected to have higher growth in sales. Also, I expect Camping World's business strategy is diversification over time likely into a holdings company. Until that happens, the risk isn't too high given the volume for demand will likely increase post-covid. Historically, this stock had some stable price correlations. This is why I think as a long hold, today may be a decent entry given the dip. Invest in the red, sell in the green is usually the most profitable way to go. That being said, please keep in mind everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
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