5 Reasons To Consider Camping World Holdings
Some investors are hesitant to jump into Camping World (NYSE: CWH) now after its run up over the past 18 months because they see the company as a beneficiary of the 'work from home'/social distancing trends that developed as a result of the COVID pandemic. The ability of many individuals to work remotely, combined with inherent air travel hesitancy, made RVs a great way to get out and explore. Skeptics reason that as these trends recede and life returns back to normal, growth in RV sales will slow, or worse, a flood of lightly used RVs will hit the market. While these risks are valid, it is worth noting that there is much more to Camping World's revenue generation than just the big ticket items of new RV sales.
Camping World also makes money by servicing RVs, financing and insuring the RVs it sells, and selling various accessories. Its Good Sam membership program, which includes roadside assistance, savings on gas, and savings at a variety of businesses such as Camping World and Pilot Flying J, gives the company a recurring revenue stream and builds brand loyalty.
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Source Fool.com
