In case you missed it, Camping World's IPO

Marcus did an interview with CNBC which was, interesting...

All of the income from the IPO will be used to pay down debt.

CW makes little off the sale of rvs. Instead they make their $$$ on extended warranties, insurance, services, etc.

By any unemotional evaluation, this would be a solid investment.

When folks make investment decision based on emotion, that is where opportunities are lost.

Marcus clearly manages and executes the business based on facts, not emotion, and is clearly doing a good job. Some folks may not agree with his methods, but you cannot discount his successes.

Mike

I think their customer experience is being driven by the under performing dealers they bought up that had...........poor customer service. Those staff members are still there in a lot of cases.

Imagine what it would be if they took good care of their customers.

I think stock in toilet paper would be a good investment.....gotta have it since Sears Roebuck quit issuing catalogues....

Highlights for all the Marcus haters who keep insisting that Marcus doesn't know what he's doing;

In the 11 years that Lemonis has served as CEO and chairman, the company has grown from 29 stores and $100 million in revenue to 120 stores and $3.3 billion annually. Its 2015 revenue spiked 25 percent from 2014, according to its filing. Its 2015 profit increased 43 percent, to $178.5 million. The company's gross profit margin—a measure of its efficiency—varies between business units but has remained steady over the past several years. Camping World's retail segment posted a 26 percent profit margin in 2015, while its consumer services group's margin was 53.2 percent.

While I do not agree with everything about their business model or trust their competency level in some matters there is no arguing that the business is currently very successful under his direction.

Dutch_12078 wrote:

path1 wrote:
I did miss it, thanks for posting. Weren't they public at one time before? What about Affinity Group (AGI). Are they still under that umbrella or what is relationship?

IMO...I usually only invest in meat and potatoes type companies, but I like to follow companies that are mostly dependent on (disposable) leisure income. Gives indicator of what people think the future will bring. RV sales going the roof and CW going public...all little tid-bits to mentally file away.

Article if anybody interested, with catchy title.

http://www.chicagobusiness.com/article/20161004/NEWS07/161009985/now-its-marcus-lemonis-turn-to-ask-for-money

AGI is long gone, replaced ultimately by Camping World Holdings, Inc., who in turn owns Camping World, Inc. and Good Sam Enterprises, LLC., all with Marcus Lemonis at the helm. Lemonis is also the majority shareholder.

"Get to Know Camping World..."

Yes sir, I noticed too.

NYSE: CWH

path1 wrote:
I did miss it, thanks for posting. Weren't they public at one time before? What about Affinity Group (AGI). Are they still under that umbrella or what is relationship?

IMO...I usually only invest in meat and potatoes type companies, but I like to follow companies that are mostly dependent on (disposable) leisure income. Gives indicator of what people think the future will bring. RV sales going the roof and CW going public...all little tid-bits to mentally file away.

Article if anybody interested, with catchy title.

http://www.chicagobusiness.com/article/20161004/NEWS07/161009985/now-its-marcus-lemonis-turn-to-ask-for-money

AGI is long gone, replaced ultimately by Camping World Holdings, Inc., who in turn owns Camping World, Inc. and Good Sam Enterprises, LLC., all with Marcus Lemonis at the helm. Lemonis is also the majority shareholder.

"Get to Know Camping World..."

I did miss it, thanks for posting. Weren't they public at one time before? What about Affinity Group (AGI). Are they still under that umbrella or what is relationship?

IMO...I usually only invest in meat and potatoes type companies, but I like to follow companies that are mostly dependent on (disposable) leisure income. Gives indicator of what people think the future will bring. RV sales going the roof and CW going public...all little tid-bits to mentally file away.

Article if anybody interested, with catchy title.

http://www.chicagobusiness.com/article/20161004/NEWS07/161009985/now-its-marcus-lemonis-turn-to-ask-for-money