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Old 10-11-2016, 11:15 AM   #1
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Camping World IPO

I know camping world is not a favorite place for most on these forums. I'm saying I would ever buy from them.

I'm curious at what price would you consider buying their stock? It hit a high above 24/ share after ipo. currently near 22/ share... how low would it go to entice you to buy?

personally I think the rv parks offer a better risk/ reward...
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Old 10-11-2016, 11:35 AM   #2
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I would wait. My opinion is that eventually short term investors will get tired of waiting around and the stock will fall another 10-20% over time before long term investors jump in. Camping World is big, but as RVing grows they will grow. They have also not yet tapped into the Tiny home market specifically either, eventually someone will have to fill that gap and perhaps Camping World will do so. Just my opinion - and should not be confused for investment advice.
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Old 10-11-2016, 11:44 AM   #3
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Marcus Lionis owns the majority and he always does things for Marcus. I bet the stock will be junk!
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Old 10-11-2016, 11:55 AM   #4
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He's going to have to wait until it stops going down, but you are definitely right, its gonna get dumped eventually, but at that point it will be cheap enough to buy for long term. That is if they don't get any worse with customer service!
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Old 10-11-2016, 12:04 PM   #5
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with all the bad press they get on these forums, why would they remain in business? I think they would have to be a 'trusted' business, either sales or service before their stock would be anything other than junk in my opinion.... Anybody that does research prior to committing big $ will shop else where...
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Old 10-11-2016, 09:33 PM   #6
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For all of you wondering see this link Opinion: Lemonis shows his true colors on CNBC | RV Daily Report. Click Here
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Old 10-11-2016, 09:48 PM   #7
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Lemonis. “For us, it is really about selling warranties, insurance, roadside assistance, service and parts.”

Interesting, service and parts are the things people complain about the most... Parts are always less expensive else where, nobody recommends CW for service, the opposite is very true, avoid at all costs...

Wonder how the RV manufactures feel about his views?
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Old 10-11-2016, 09:58 PM   #8
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I think the price will have to get to at least $25.00 a share before I would accept Camping World Stock. That's how much they'd have to pay me per share before I'd take it!
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Old 10-11-2016, 10:13 PM   #9
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Trump was a celebrity on NBC. Leonis is no different on CNBC. His comments prove they are birds of a feather.
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Old 10-12-2016, 02:01 AM   #10
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Public ownership dovetails nicely with Lemonis' model. He has already shown he care's naught for his customers. Now, as a publicly held entity he must answer to the shareholders. Customer service (as a cost center) will only get worse. In theory. It's hard to imagine that it could ACTUALLY get worse.


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Old 10-12-2016, 09:28 AM   #11
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Quote:
Originally Posted by chucklesg View Post
Trump was a celebrity on NBC. Leonis is no different on CNBC. His comments prove they are birds of a feather.
Getting a little close to forbidden territory there . . .
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Old 10-12-2016, 09:58 AM   #12
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cwh down to 21.18, any takers??? how low can it go??? LOL, like HIT the Rhod said, if they pay me, maybe...

can't even imagine how a corporation with a image that bad could ever turn it around.
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Old 10-12-2016, 12:04 PM   #13
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Quote:
Originally Posted by mhbell View Post
For all of you wondering see this link Opinion: Lemonis shows his true colors on CNBC | RV Daily Report. Click Here
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Quote:
Originally Posted by kerryvan View Post
Lemonis. “For us, it is really about selling warranties, insurance, roadside assistance, service and parts.”

Interesting, service and parts are the things people complain about the most... Parts are always less expensive else where, nobody recommends CW for service, the opposite is very true, avoid at all costs...

Wonder how the RV manufactures feel about his views?
Unfortunately I think you do not understand how the world of big ticket items works... Even electronics. This is nothing new. This is how Best Buy, Brand Smart...any electronics dealer or computer store works. This is how new car dealerships work.

Do you really think that the reason that car dealer keeps hounding you with that recall notice is for you safety? It is not. It is because it is guaranteed free to the customer income as the manufacture pays the shop and part fees. Then while they have you in there they can sell you a front end alignment or fluid change and get even more money into their shop sales.

The problem for Leonis is that RV's take up a great deal of space compared to a car. They do not sell at the rate of a car. And the margins % can not compare to a car lot per acre. So there for the profit per acre of sales dirt does not compare to a car dealership. While the overhead cost of the service per acre including staff is much more profitable. And selling non-tangible things like warranties and memberships is even more profitable.

Finally none of the objects can stand alone onto themselves and be nearly as successful without the others. This has been tried and failed. Just look at the effort of Best Buy to put Geek Squad in stand alone locations without the traffic of the store. So when he says those things he is only speaking the truth.... I need to have the sales lots but I wish I didn't.. I make much more money in the other areas.
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Old 10-12-2016, 02:45 PM   #14
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My risk tolerance for a single stock is pretty low so I wouldn't buy a share but bundled into a mutual fund I don't have a problem with Camping World.

Personally I don't think it will be the next hot item. It's market is just to small and heavily effected by the economy. I'd place it in the same category as a chain restaurant. If economy tanks, consumers will quickly cut back on discretionary spending. RVs and eating out are pretty high up on the list of what gets cut when you can't make ends meet.
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