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01-08-2019, 10:39 PM
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#29
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Senior Member
Join Date: May 2014
Location: Huntsville, AL/Helen, GA
Posts: 1,566
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It would be safe to say that Camping World could be in a heap of trouble with their stock price diving. There's no telling how much money they have borrowed to purchase large, experienced dealerships that are no longer running as well as when the original owners had them.
We're seeing the industry slow down with the stock market drop since September, and RV manufacturers are seeing wholesale order drop substantially because dealer lots are already full of slow selling merchandise. This industry is on its knees to the Federal Reserve and their increase in interest rates.
We hear so much about Baby Boomers getting in to RVs for recreation, and there are often too many RVs on the road than there are spaces in nice RV campgrounds. It would be interesting to see the financial statements on premium RV parks like Anchor Down up in Dandridge, TN to see how well they're really doing.
I'm just glad to have my fifth wheel in a great member owned campground that has $450 per year service charges and $1 a day storage fees.
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01-08-2019, 10:53 PM
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#30
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Senior Member
Join Date: Jun 2018
Location: Columbus, Ohio
Posts: 165
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I avoid cw at all costs (emergency stuff only). Their current mission statement reeks of 'synergy', and JD Byrider.
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01-09-2019, 08:41 AM
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#31
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Senior Member
Join Date: Mar 2017
Posts: 1,505
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Quote:
Originally Posted by Houdoxi71
I avoid cw at all costs (emergency stuff only). Their current mission statement reeks of 'synergy', and JD Byrider.
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I also avoid Camping World, for multiple reasons. But then I don’t care for weasels or vultures either.
Could you clarify and expand on “synergy” and JD Byrider? I’m not familiar with those terms. Thanks.
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01-09-2019, 08:56 AM
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#32
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Senior Member
Join Date: Jul 2016
Posts: 2,009
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__________________
Mike, Betty & Sophie (Guard Cat)
Full Timers from the Great Lakes State of Michigan
2013 Silverado 3500HD Duramax Diesel & 2013 Cedar Creek Silverback
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01-09-2019, 10:14 AM
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#33
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Senior Member
Ford Super Duty Owner
Join Date: Jan 2011
Location: Lowell, Arkansas
Posts: 7,301
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Here's a piece of factual information regarding what happened in the US right after the election back in November of 2016. These are success stories that you probably have not heard and you won't on 98% of the news (sorry!) opinion networks.
We have a company here in AR called Ranger boats. Right after the election and before December Ranger Boats realized a 30% increase in boat sales. These are high end fishing boats with a price starting at $70,000. Every boat we saw on our 3-hour tour of the factory is already sold and they ship 20 boats a day. The final destination was already listed on every boat we saw. They employ over 1,100 local folks.
The tour guide was reluctant to talk about what I just told you because a visitor complained about his comments. Once he started he also told us the same increase in sales was felt all across the board with small type companies that build water craft and or supply parts to the industry.
If you are ever in Flippin AR stop in for a tour. You'll enjoy it!!!
While you're in the area drive over to Berryville, AR (15 miles) and tour the Nighthawk gun factory (1-877-268-4867).
Yes their gun parts are CNC manufactured but all parts are made oversized and they employ 14 gun smiths who hand fit each and every part. Every gun is built by one gunsmith from start to finish. They are test fired (100 rounds) and when they meet the GS's standards they are signed (under the left hand grip) and have a lifetime guarantee.
Yet another cool tour to take!!!
__________________
TeJay Auto Instructor/4-yrs USAF/ Liz: RN/ WBGO 2014 Vista 30T/ F-53/CHF/5-Star/Koni * Bella & Izzy * Golden /Cocker mix/ Louie The Cat* All Retired
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01-09-2019, 06:08 PM
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#34
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Community Moderator
Newmar Owners Club
Join Date: Feb 2011
Location: Point Pleasant Beach, NJ
Posts: 31,513
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WARNING
This thread is starting to drift off topic. Please keep posts on topic.
Thanks to all.
T-
__________________
Tony & Ruth........... FMCA#F416727
2016 London Aire 4519, Freightliner chassis, Cummins ISX, 2018 Jeep Wrangler Unlimited, Blue Ox Avail with AF1. TST 507 TPMS
No amount of money can buy you an extra second of time.
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