"Successful investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant."
- Warren Buffett
2018 was a horrific year to be an RV OEM or investor. Capacity brought on in 2017 due to tight supply and protracted lead times, significantly inhibited wholesale purchases. Lead times shortened, concurrent with retail demand slowing from low double-digit annual increases to flattish, resulting in a double whammy for public players Thor Industries (THO) and Winnebego