With only around 300,000 shares traded per day, recreational vehicle manufacturer Thor Industries Inc. doesn’t get a lot of attention in the stock market, according to a report by The Street.
But the company’s fast-growing revenue and profits have produced a balance sheet that is hard to ignore. And despite beating the market with almost 15% stock gains over the past three months, Thor’s improving business suggests further gains are possible.
Founded in 1980 by Wade F. B. Thompson and Peter B. Orthwein, the Elkhart, Ind.-based company makes a wide array of RVs. Its motorized division manufactures the popular brands Airstream and Thor Motor Coach, while its towable and trailer brands include CrossRoads, Heartland, Livin’ Lite and Bison, among others.
Thor continues to grow both organically and through acquisitions, having picked up competitors such as Cruiser RV and DRV Luxury Suites just in the past year. The company’s deal-making has helped Thor become both a fast-growing company and one that operates a with a clean balance sheet — qualities that should appeal to growth-hungry and conservative investors alike.
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