8.39 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||7.97 x 1800|
|Ask||8.90 x 800|
|Day's Range||8.18 - 8.70|
|52 Week Range||7.25 - 23.60|
|Beta (3Y Monthly)||2.92|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 2, 2018 - May 7, 2018|
|Forward Dividend & Yield||0.32 (3.76%)|
|1y Target Est||11.91|
Elkhart, Indiana -- capital of the country's recreational-vehicle industry -- is seeing a drop in RV shipments. Shipments are down 20% so far this year, after a 4.1% drop last year, according to data from the RV Industry Association. So - is the RV industry a barometer for the health of the u.s. Economy?
Moody's Investors Service ("Moody's") today downgraded ratings of CWGS Enterprises, LLC ("Camping World"), including the Corporate Family rating, which was downgraded to B2. "Today's rating action reflects the reduced prospects for meaningful debt reduction during 2019, which was a key factor for maintaining the B1 rating," stated Moody's Vice President Charlie O'Shea.
[Editor's Note: This article is updated each week with the latest insider moves.]I always like to know what the insiders are doing when I am considering a company as a potential long-term investment. They should have a much better idea of what is going on inside the company than most analysts. I especially like to see if there is insider buying after the stock price has fallen dramatically.An insider is a person who has access to confidential information about a company. When an insider wants to buy or sell their company's stock, they have to file a form with the Securities and Exchange Commission. The SEC requires this because it helps to prevent the insiders from taking advantage of non-public information, such as buying the stock before the company releases favorable news.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is public information. In other words, the important people in a company need to inform the public if they are buying or selling their company's stock.There are many reasons why an insider of a company may sell their stock. They may need to raise money for things such as a home purchase and a divorce settlement. However, there is only one reason why an insider would buy the company's stock. They believe that they will profit because it is currently undervalued. * 10 Marijuana Stocks to Ride High on the Farm Bill These stocks got my attention due to the significant insider buying that has recently occurred. CIT Group (CIT) CIT Group (NYSE:CIT) is a financial services holding company that provides financing, leasing and advisory services. CIT stock has dropped by about 15% since the beginning of the month. This is more related to the overall market than to anything specific with CIT. As a result, the insiders are on a buying spree.John Fawcett is the chief financial officer. He just made a roughly $430,000 investment when he bought 10,000 shares at an average price $43.13. CEO Ellen Alemany invested $500,000 of her personal funds when she paid $43.55 for 11,500 shares. Robert Rubino, the president of CIT Bank, invested $300,000 into the stock at $43.22.These insiders must all feel good about the future prospects of CIT. Camping World Holdings (CWH)Camping World Holdings (NYSE:CWH) provides products and services for recreational vehicle enthusiasts. Earlier this month, the price of the stock dropped by almost 20% when JPMorgan downgraded CWH from overweight to neutral. This was due to the fact that the company is becoming less profitable, and management seemed to confirm that this will continue to be the case on the earnings call.Melvin Flanigan is the chief financial officer. He must believe that the stock will soon rally because he just invested almost $300,000 into it. He paid $8.25 for 36,000 shares. * 7 Safe Dividend Stocks for Investors to Buy Right Now Camping World Director Andris Baltins must also believe that the stock is a great value at these levels. He just made a $180,000 investment when he bought 20,000 shares at $9.02. Oasis Petroleum (OAS)Oasis Petroleum (NYSE:OAS) is involved with the acquisition, development and exploration of unconventional oil and natural gas resources.Like many other companies in the natural gas business, the shares of Oasis have seen a significant selloff over the past year. OAS stock has dropped from over $14 a share to current levels around $3.President and Chief Operating Officer Taylor Reid must believe that things will soon turn around. He just made a personal investment of almost $125,000 when he bought 45,060 shares at $2.76. Earlier this month, director of the company John Hagale also made a significant personal investment. He spent $85,000 when he bought 30,000 shares at $2.85. GTT Communications (GTT)GTT Communications (NYSE:GTT) provides cloud networking services to multi-national companies. Over the past three months GTT stock has dropped from $27 to current levels around $8.50. This is due to a series of earnings misses and downgrades. Most recently the stock was downgraded by Raymond James and KeyBanc. * 10 Undervalued Stocks With Breakout Potential Richard Calder is the CEO of the company. He must feel that the selloff is close to an end. He just paid $6.57 for 20,000 shares. This is an investment of just over $131,000. GTT Director Nick Adamo must also think that the stock is a good value at current levels. He just bought 10,000 share at prices of $9.85 and $9.09. Party City Holdco (PRTY)Party City Holdco (NYSE:PRTY) sells decorated party goods. This company has had a rough year. Earnings and revenues have missed guidance and it has sold off a bunch off its stores. Over the past 12 months the stock has dropped from $16 to current levels around $4.70.James Harrison is the CEO of Party City. Apparently he believes that this long and painful selloff will soon come to an end. He just paid $4.53 for 125,000 shares. This is an investment of $566,250.The CFO of the company Michael Correale must also believe that the stock is a good value at current levels. He just made just over a $100,000 investment when he bought 24,300 shares at an average price of $4.13. Ocwen Financial (OCN)Ocwen Financial (NYSE:OCN) is a financial services holding company that is in the mortgage business. OCN stock has dropped from $4 to current levels around $1.50 over the past year. Much of this has been driven by concerns over fair value adjustments and restructuring costs.Two of the insiders must believe that these concerns are overblown because they each just made significant investments in the stock. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Glen Messina is the president and CEO of the company. He just invested almost $200,000 when he paid $1.50 for 132,000 shares. Timothy Yanoti is the chief growth officer. He bought 35,000 shares at $1.35 on Aug. 9. In addition, two directors of the company just made significant investments as well. Eastman Kodak (KODK)Eastman Kodak (NYSE:KODK) provides analog and digital innovations. This has not gone so well for this once-great company. It wasn't quick enough to adapt to technological advancements and got left behind. As a result, over the past five years the price of KODK stock has dropped from $35 to current levels around $2. Many analysts feel that the company will not survive.James Continenza is the executive chairman of Eastman Kodak. He must believe that the death spiral will soon come to an end because he just made a significant investment of just over $140,000. He just paid $2.04 for 70,000 shares.As of this writing, Mark Putrino did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post 7 Stocks the Insiders Are Buying on Sale appeared first on InvestorPlace.
CFO and Secretary of Camping World Holdings Inc (30-Year Financial, Insider Trades) Melvin Flanigan (insider trades) bought 36,000 shares of CWH on 08/14/2019 at an average price of $8.25 a share. Continue reading...
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Camping World Holdings Inc (NYSE: CWH ) shares were crushed Thursday, one day after reporting a second-quarter earnings miss. The RV retailer reported second-quarter earnings of 46 cents per share, missing ...
Camping World Holdings Inc. shares slid 17% Thursday, after JPMorgan downgraded the stock to neutral from overweight after a gloomy outlook from management on a Wednesday earnings call. "That the market for new RVs is softer is not the thrust of our downgrade, as end-markets have been softening for just over a year now, with the decline in CWH shares we judged having outpaced the deterioration in fundamentals for most of that period, allowing us to remain Overweight; what prompts our downgrade now is that the deterioration in profitability that began to accelerate in recent quarters was forecast by management yesterday after the close to in fact worsen further in 2H19," analysts led by Ryan Brinkman wrote in a note to clients. Camping World posted net income of $18 million, or 46 cents a share, in the quarter, down from $24.8 million, or 67 cents a share, in the year-earlier period. Revenue rose to $1.47 billion from $1.44 billion. The FactSet consensus was for EPS of 66 cents and revenue of $1.45 billion. Chief Executive Marcus Lemonis, who is also the CEO in the CNBC show "The Profit," said some of the factors hurting the market for recreational vehicles are outside of the company's control and that it is focused on "optimizing our assets and improving the RV consumer experience." On the earnings call, Lemonis said some rivals are selling units at or below costs, pressuring margin, and that the company opted to "incentivize people who may otherwise be victimized by the margin compression that exists in the marketplace". Brinkman said: "excessive discounting by overextended competitors and, secondly, a conscious undermining of the flexing of variable compensation - may help to explain the much different than presumed decrementals." Shares have fallen 25% in 2019, while the S&P 500 has gained 17%.
Shares of recreational vehicle company Camping World were falling sharply Thursday after the company reported second-quarter earnings below analysts' expectations. "Despite some of the headwinds across the new RV market, which were evidenced by a significant decline in both new RV wholesale shipments and RV registration reports, we grew both revenue and unit volume and achieved close to $100 million in adjusted EBITDA in the quarter," said CEO Marcus Lemonis.
Camping World (CWH) delivered earnings and revenue surprises of -20.59% and 1.43%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Camping World Holdings (NYSE: CWH ) announces its next round of earnings this Wednesday, August 7. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue ...
Camping World Holdings, Inc. (CWH) (the "Company") today announced that its financial results for the second quarter fiscal 2019 will be released after the market closes on Wednesday, August 7, 2019. The Company will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 888-394-8218 (international callers please dial 1-323-701-0255) approximately 10 minutes prior to the start of the call.
Chicago entrepreneur and Camping World Holdings Inc. CEO Marcus Lemonis says he would rather face mounting fines and possible jail time rather than replace a large American flag above a North Carolina store that is violating a city law that limits flag sizes.
Well-known business executive and television star Marcus Lemonis made the short trip from Chicago to Milwaukee for Summerfest Tech, but he left quite an impression with the attendees and some money for one of the startups involved in a pitch competition. Check out the attached slideshow to see photos from the pitch competition and Summerfest Tech.
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
Camping World, the nation’s largest RV and outdoor retailer, and Good Sam, the world’s largest RV owners’ organization, today announced that they are continuing a tradition of honoring present and past members of our armed forces by installing a massive American flag at their Pasco, Washington RV SuperCenter. The 40x80’ flag which covers 3,200 square feet, will fly on a 130’ pole and is being installed as part of a project that Camping World and Good Sam began in February of 2014 to show their ongoing appreciation of America’s veterans and active military members. “It has been our vision to continue the tradition of raising these flags at our properties across the country, to show our support and appreciation to our country and to those that have sacrificed so much to keep our communities safe,” stated Marcus Lemonis, Chairman of Camping World Holdings.
Even the best stock pickers will make plenty of bad investments. And unfortunately for Camping World Holdings, Inc...
Marcus Lemonis is chairman and CEO of Lincolnshire, Illinois-based Camping World Holdings Inc. (NYSE: CWH), which generated $4.8 billion in revenue in 2018.
Moody's Investors Service ("Moody's") today confirmed all ratings of CWGS Enterprises, LLC ("Camping World"), including the B1 Corporate Family rating, and assigned a negative outlook. "Today's rating action considers the negative impact on Camping World's credit profile from a confluence of events during late-2018 and Q1 2019, including the ramp-up and integration of the Gander Mountain locations acquired out of bankruptcy and rolled-out during 2018, as well as the unexpected and precipitous decline in RV sales in Q4, representing the worst quarter for the industry in several years," stated Moody's Vice President Charlie O'Shea.
Overall weakness in the RV industry is weighing on Camping World Holdings Inc (NYSE: CWH ), according to BMO Capital Markets. The Analyst Gerrick Johnson downgraded Camping World from Outperform to Market ...