The stock prices of Monaco, Thor and Winnebago could double in a year, according to David Tannehill, analyst for investment firm Morgan Keegan & Co.
On Wednesday (Aug. 16), Monaco closed at $16.38, Thor closed at $23.69 and Winnebago closed at $12.50 a share.
Tannehill believes the stock prices of Monaco, Thor and Winnebago have hit bottom and will eventually rebound because “all three have solid growth prospects and excellent balance sheets.”
Meanwhile, Tannehill believes Coachmen, Fleetwood and National RV “appear to continue to have issues related to product offerings and their recoveries may be delayed.”
Concerning the RV retail market in general, Tannehill said, “In terms of near term prospects, various economic indicators are encouraging. Consumer confidence, while somewhat volatile, still remains near record highs. We still believe consumer confidence levels are much more applicable to the RV consumers’ purchasing decision than are interest rates and gas prices.”