WGO earnings coming - short sellers?

[MemoriesByTheMile]

A few years ago we we making plans a year in advance in order to find places.
Now it appears we can find availability almost anywhere at the last moment.
Also finding some campgrounds in rural places, for overnight stays, that are $25 to $30 per night.
It seems to me that some campground prices are just beginning to come down.

 

[newmarokie]

BIL just bought a 2018 31' Solstice fiver. It went on the market in September for 34k. He bought for 22k.

 

[Neal]

https://rvbusiness.com/winnebago-industries-q2-results-in-line-with-expectations/

 

[Texas Clodhopper]

The bold print in this paragraph tells a lot about the product quality they are putting out.

"Gross profit was $105.3 million, a decrease of 28.3% compared to $146.8 million for the fiscal 2023 period. Gross profit margin decreased 190 basis points in the quarter to 15.0% as a result of deleverage and higher warranty experience compared to prior year."

 

[Neal]

The bold print in this paragraph tells a lot about the product quality they are putting out.

"Gross profit was $105.3 million, a decrease of 28.3% compared to $146.8 million for the fiscal 2023 period. Gross profit margin decreased 190 basis points in the quarter to 15.0% as a result of deleverage and higher warranty experience compared to prior year."

Well, the first step in getting things turned around is identifying them. I'm glad they are aware and disclosing the quality is costing them the most. Maybe it's a good thing they're public so we can all see that what we know they know. Maybe Casey can turn this around, time will tell.

My challenge to Casey: If you believe in your product, offer a two year warranty instead of the one year warranty and let's measure the quality of your production and 3rd party vendor choices.

Prices are insane, a two year warranty would help swallow, partially, some of these current prices. It could end up costing Newmar nothing if built right, or if they can't get quality under control it could be costly. By challenging yourself against these costs in a two year warranty offering you will be forced to improve. You are betting against yourself. If you win, we win.

 

[Neal]

https://www.wsj.com/articles/winnebago-faces-forecasting-challenge-as-rv-sales-drop-from-pandemic-highs-8451a018