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Old 03-07-2019, 11:27 PM   #1
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Default Thing not looking so great for Thor either

  • Towable RV sales were $881.6 million for the second quarter, compared to the record second-quarter sales of $1.37 billion in the prior-year period.
  • Motorized RV sales were $371.5 million for the second quarter compared to the record second-quarter sales level of $559.9 million in the prior-year period.

Full article here:

https://rvdailyreport.com/industry/s...release-shows/
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Old 03-07-2019, 11:35 PM   #2
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It does make one wonder if Thor, who knew they had low results coming, had some incentive to reduce the cost of Hymer by eliminating EGNA from the deal
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Old 03-07-2019, 11:49 PM   #3
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It does make one wonder if Thor, who knew they had low results coming, had some incentive to reduce the cost of Hymer by eliminating EGNA from the deal
Good point, and that's a massive drop in same period sales year to year, never mind pre-acquisition costs.
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Old 03-14-2019, 05:30 PM   #4
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The reduction was in Sales which is not effected by acquisition expenses.
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Old 03-14-2019, 06:30 PM   #5
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Welcome to the forum Ebyronjr!


Of course new rv sales and used rv prices will plument (now that I bought my used "b" a little over a year ago at all-time high prices).

I use the tried and true method of buy high, sell low.
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Old 03-14-2019, 07:03 PM   #6
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The reduction was in Sales which is not effected by acquisition expenses.

Correct, but the acquisition costs show up as expenditures and/or debt, so could totally affect cash flow and interest costs. Reducing the cost of the acquisition would be good is times are getting lean at Thor.
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Old 03-14-2019, 07:53 PM   #7
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With the baby -boomers and other factors driving the market ,I think I would have to agree with their CEO on the future.
But
On the other hand I would not rushing out to buy Thor stock (if it's traded) With things slowing globally and our own (USA) problems things could be rocky everywhere,
For Thor"s sake I hope they do well.
Happy with my 2008 RT210
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Old 03-14-2019, 08:17 PM   #8
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I think those numbers are represented across the RV manufacturing World not just Thor. I've read that most sales are down across the board except class B and truck camper sales.


https://www.rvia.org/news-insights/r...eid=2def4f4665
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Old 03-18-2019, 11:50 AM   #9
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If a recession hits us there will be a lot of B's available on the market based on the past few year's sales. Could/will be a great time to be a buyer.
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