As More Americans Seek Outdoor Fun, Don't Ignore This Recreational Vehicle Specialist
While its all-terrain vehicles (ATVs) are well known among those raising dust on North America's summer roads and trails and those riding its snowmobiles along various winter paths, Bombadier Recreational Products (NASDAQ: DOOO) (BRP) is less well known among investors. Large recreational vehicle (RV) sellers like Camping World Holdings (NYSE: CWH) have been getting the investors' attention of late, cashing in on the growing momentum of Americans seeking fun and recreation in the great outdoors after last year's COVID-19 lockdowns.
That's too bad because BRP has been a high-performance stock over the past 18 months. After hitting a pandemic-influenced low of $12.97 a share in mid-March 2020, the stock price revved up 643% to $96.44 by late April 2021 before easing off the throttle to its current share price around $78.
What is it about BRP that has investors so excited? And why don't more investors know about this top performer? Here's why you should give BRP stock some serious attention.
Source Fool.com
