Investment Thesis
Thor Industries (THO) has seen its share rally significantly, with its shares up approximately 60% this past month alone. Consequently, investors' expectations are very high.
However, I question this optimism and remain skeptical of whether our new 'work-from-anywhere' routine will be sufficiently pervasive to match investors' excitement.
Given that Thor Industries is so notoriously cyclical, I contend that investors are slightly too enthusiastic over its prospects and that a lot of the good news is already priced in.
Consequently, I advance that investors should now start to temper their excitement and