CWH - Camping World: Taking The Road Less Traveled With A Contrarian Play

2024-06-19 06:14:55 ET

Summary

• Camping World Holdings is a provider of RVs and camping gear, facing challenges in the RV industry post-pandemic.
• The company has over 100 dealership locations, offering a wide range of RVs and accessories, with a competitive advantage in the market.
• Recent financial results show revenue decline, but potential for growth with increased new RV units sold and adjusted EBITDA goals.
• The valuation isn't unreasonable at 11.1x EV/EBITDA and 10.9x FY'25 EBITDA.

Introduction

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