In the previous article, I have written my bullish thesis on Thor Industries (THO), after a 65% plunge in its stock price. Thor also appeared in my list of worst performing stocks but profitable and growing businesses. Some readers have asked me whether we should be concerned about the business’ growing debt pile and whether it affects the company and the safety of the dividend payment.
Conservative capital structure
As Thor Industries manufactures Recreational Vehicle (RV), non-essential items for customers, we can classify Thor Industries as a cyclical business, positively correlating with the