Is Winnebago Stock a Buy?
Investors have become much more optimistic about Winnebago (NYSE: WGO) since the recent stock market downturn in mid-March. Winnebago shares during that month-long crash (that began Feb. 20 on bad news related to the coronavirus pandemic) fell by as much as 73%, but they have since roared back and more than tripled from that March low point. After all that volatility, shares currently trade up about 25% in 2020.
Winnebago recently reported its fiscal 2020 third-quarter earnings and that report contained some good news about the RV giant's demand trends just as social-distancing efforts began relaxing around the country. But should investors bet on Winnebago today, given that its growth is so dependent on a strong and growing economy? Will the gains it's seen this year continue?
Let's take a look at the best reasons to like this stock despite the uncertain economic outlook.
Source Fool.com
