The U.S. economy has been expanding for the past decade. At some point the economy will reach an inflection point and another recession will appear on the horizon. The economy has been aided by bailouts, record low interest rates and tax cuts. I believe the economic stimulus has benefited few people and has not been even distributed evenly among the masses. If the economy falters then it could fall hard. There is now an international manhunt for signs of another recession. That puts cyclical names like Camping World (CWH) in focus.
Camping World provides a comprehensive portfolio of services, protection plans, products, and resources for RV enthusiasts. The company believes it is one of the only providers of this unique set of services. According to the company, about 9 million households in the U.S. own an RV, and of that installed base, Camping world has about 3.7 million RV-related active customers.
The company generates recurring revenue by providing RV owners and outdoor enthusiasts with a plethora of services, protection plans, etc. essential to operate, maintain and protect their RV. Camping World provides offerings mainly through Good Sam and Camping World brands. Good Sam provides a broad range of services, protection plans, extended vehicle service contracts, insurance protection, financing, etc. The Camping World brand operates the largest national network of RV-centric retail locations; it has 211 Retail locations across multiple states and an e-commerce platform. Read more: