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LWBAZ · 06-06-2018, 04:58 PM

Press release summarizing Thor's 3rd Quarter 2018 and Year-to-Date financial results:

https://ir.thorindustries.com/press-...8/default.aspx

Anthem15 · 06-06-2018, 05:24 PM

Wow! $2B backlog . . .with a "B".

Looks like the RV industry is doing fine. Let's see what the stock THO does.

manderson2228 · 06-06-2018, 05:46 PM

With that kind of money sitting around should we expect better quality?

Hayman · 06-06-2018, 06:14 PM

Quote:

Originally Posted by manderson2228

With that kind of money sitting around should we expect better quality?

SURE !

Anthem15 · 06-06-2018, 08:12 PM

If they're smart.

LWBAZ · 06-07-2018, 09:48 AM

In addition to the press release linked above, Thor also posted a more detailed Q&A document on their web site. Pretty interesting reading.

Click on this link...

https://ir.thorindustries.com/home/default.aspx

...then hover over "Current Quarter Documents" and click on "Most Recent Quarter Invertor Q&A".

wnytaxman · 06-07-2018, 10:56 AM

Interesting to note that Thor stock is quite low compared to its 52 week high. I would have thought that with the RV industry humming along at record levels that the stock would be near its high, not its low.

LWBAZ · 06-07-2018, 11:35 AM

Ed, here are two articles about that.

This first one is by a guy I’ve never heard of and I can’t say I understand half of what he’s saying:

https://realmoney.thestreet.com/arti...ries-continues

This second one is by Jim Cramer:

https://realmoney.thestreet.com/arti...anary-coalmine

wnytaxman · 06-07-2018, 12:07 PM

Larry,

The Cramer article seemed to imply that the reason for the stock drop was more a lack of confidence in the truthfulness of management of the company. However, when you look and see that Camping World stock has also tumbled as has Winnebago stock, it does make you wonder if the RV honeymoon is over or if Wall Street thinks it's over. Fuel prices are up as are interest rates. I would imagine that will have somewhat of a downward push on RV demand. Will it be enough to bring about a return to 2008? Maybe, maybe not.

If, or maybe I should say when, we have a major downturn I would expect to see a ton of used RV's available out there. For the used buyer, it could be a field day.

Ed

LWBAZ · 06-07-2018, 01:42 PM

Quote:

Originally Posted by wnytaxman

Larry,

The Cramer article seemed to imply that the reason for the stock drop was more a lack of confidence in the truthfulness of management of the company. However, when you look and see that Camping World stock has also tumbled as has Winnebago stock, it does make you wonder if the RV honeymoon is over or if Wall Street thinks it's over. Fuel prices are up as are interest rates. I would imagine that will have somewhat of a downward push on RV demand. Will it be enough to bring about a return to 2008? Maybe, maybe not.

If, or maybe I should say when, we have a major downturn I would expect to see a ton of used RV's available out there. For the used buyer, it could be a field day.

Ed

Ed, I can vouch for the fuel price increases. I have a 20+ year old BMW 540i which requires premium gas. Filled it up the other day and it took a tick over 16 gallons. The tab? $64.00!

I don't drive the car a whole lot and may be driving it even less!

edgray · 06-07-2018, 01:56 PM

Quote:

Originally Posted by wnytaxman

Interesting to note that Thor stock is quite low compared to its 52 week high. I would have thought that with the RV industry humming along at record levels that the stock would be near its high, not its low.

The 52 week high of over $160.00/share was recorded on 1-24-18, and the 52 week low was just set a week ago at $89.89. Sure glad I didn't take that ride.

Today it is trading up a couple of bucks at ~$100 bucks a share after: "THO reported 3rd quarter 2018 earnings of USD 2.53 per share on 6/6/18. This missed the consensus of USD 2.58 by USD -0.05 of the 10 analysts covering this company." I'm always amazed when stocks go up after what seems to be "bad" news to me.