Camping World (NYSE.CWH) has been a leader in the retail of recreational vehicles and related products. Its ancillary businesses provide services to support a growing ecosystem of RV consumers.
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 enables the company to offer RVs at a competitive price to their customers.
Camping World is now able to compete in the RV industry with other dealers and has a larger market share.
Lordstown Motors
The Company has a relationship with Lordstown Motors - an electric vehicle manufacturer - and will design, engineer and produce an allelectric motor home for Camping World to sell and service at their RV stores.
Camping World is currently the only national brand that offers all-electric motorhomes that can be sold or serviced by its RV dealers.
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Because of its upside potential, investors should consider Camping World Holdings NYSE:CWH as an investment option. The company has a strong management team and is a reliable performer.
Insider Trading
The insider buying, selling and buying of a company can provide key insight into its prospects. Marcus Lemonis was a top-ranking insider for Camping World and he bought CWH shares numerous times this past year.
An insider buy that is strong can indicate optimism. This could also signify that the company's management has taken steps to increase shareholder wealth.
Chairman and CEO Lemonis purchased CWH stock on 13 occasions this year, increasing his position from 447,423 shares to 517,096 shares.
Since 2006 Lemonis has been Camping World's CEO and Chairman. 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.
Camping World has witnessed other insiders purchase shares over the past few months in addition to Lemonis' insider buying. Lemonis’ son, who has been associated with Camping World since the beginning, is one such insider.
The other is a top-tier banker who has been an investor in Camping World 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.
He has a proven track record of buying shares at just the right time. 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. However, the company has a strong balance sheet and a diversified business model that should help it remain profitable and strong in the coming years.