Marcus Lemonis' recent sale at around US$25.62 raises caution. The lack of insider buying and insignificant insider ownership suggest careful consideration before buying shares.
Camping World Holdings' diminishing returns on capital and high current liabilities to total assets ratio pose risks. Despite stock's growth, fundamentals do not inspire confidence.
The author sees Nvidia's AI growth extending into fiscal 2025 and beyond, and views a $20 entry level for CWH stock as a great long-term investment, given its 2.0% yield from a $0.50 annual dividend. They back CWH's decision to slash its dividend by 80% to finance acquisitions, arguing that the extra revenue and cash flow from new locations will compensate for the dividend loss. The author recommends buying CWH, with or without options.
The company's performance this quarter was mediocre, with revenue and same-store sales declining. However, it exceeded analysts' gross margin expectations. Its used vehicle revenue missed estimates by a wide margin, while its new vehicle revenue beat estimates significantly. The company's stock is down 4.5% on the results.
Camping World outperformed analysts' earnings estimates, while Lithia Motors and CarMax had mixed results. America's Car-Mart underperformed with increased credit losses.
CEO Marcus Lemonis expressed that the acquisition of Roth RV strengthens Camping World's presence in Minnesota and aligns with their expansion strategy.
Insiders owning large parts of Camping World is viewed favorably, despite no recent transactions. However, several warning signs suggest it may not be an ideal investment choice.
Analysts anticipate difficulties for the company to maintain its stock prices due to slow revenue growth. A potential risk looms of share prices falling if investors get swayed by this sluggish revenue growth.
The company's ROE is less impressive due to substantial debt, indicating potential risks. High multiples of earnings, future profit growth, and required future investments need consideration for a full analysis.
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5年來毛利率從29.1%下滑到25.1%後又上升至34.6%,因為淨資產很小,所以淨資產收益率沒有太大參考價值。
5年來營收連續增長,平均增速14.4%,營業利潤則是下滑至2019年後連續兩年大幅增長,淨利潤曲線和營業利潤類似,2019年進入虧損區間後連續快速增長兩年。
2022前兩季度營收增長5.8%,營業利潤下滑16%,淨利潤下滑22.4%至3億美元。
利潤表顯示公司利息費用最近3年從1.1億下降到6100萬,降幅明顯,2021年利息費用佔營業利潤的不到8%,負擔不高,2022前兩季度提高到11%,仍可接受。
每年都有一部分資產減值和特殊費用,最近幾年佔比降到比較低的水平。
資產負債表5年來都在極高的比例,2022Q2降到了93.5%。
現金5年來提升不少,應收帳款變化不大,但是2022前兩季度現金快速下降,同時應收帳款快速增加。
2021年存貨增加6.6億達到17.9億,達到2021年營收的25%,增幅達到...
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