The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Fri Jan 26, 2018
Thor Industries’ stock rose 51 percent in 2017 and a post on Investor’s Business Daily predicts it will go higher in 2018.
In an article posted Tuesday, analyst Paul Whitfield cites reasons he thinks Thor’s stock will continue to rise, among them:An increase in consumer confidence, which generally bodes well for RV sales, as well as favorable market demographics and the seasonal nature of the RV business.
Whitfield also points to Thor resetting its base count in March: “As a stock rises, it pauses to consolidate. Breakouts from a first or second stage base are more likely to work than those from later stage bases,” according to the IBD post. “Thor reset its base count in March when it undercut the low of the previous base. The stock fell as much as 24 percent during the consolidation, which surely shook out the weak holders.”
Whitfield also notes that Wall Street analysts expect Thor’s earnings to rise 29 percent in fiscal 2018.
Subsidiaries of Elkhart, Indiana-based Thor include Jayco, which it acquired in 2016, Airstream, Bison Coach, Breckenridge, CrossRoads RV, Cruiser RV, Dutchmen RV, DRV Luxury Suites, Entegra Coach, Heartland RV, Keystone RV, KZ RV, Livin Lite RV, Redwood RV.
Read the full IBD post here.