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Thor Industries

We almost bought an Entegra Coach. This one actually:

It was the first one that we saw at the 2015 RV Show in Hershey, Pennsylvania. Loved it. For a number of reasons, though, we went with the Castaway, a Newmar Dutch Star. We do not regret our decision.

So, what does the Entegra coach have to do with Thor Industries?

Thor holds an extensive set of RV subsidiaries including Airstream, Dutchmen, Heartland, Keystone, and Thor.

Earlier this year, Thor acquired Jayco and its subsidiaries which included Jayco, Starcraft, Highland Ridge and, yes, Entegra.

So, how did the stock market react to the acquisition? The chart below tells that story:

I am an active investor but I do not trade in the RV industry. A bit too volatile for my tastes. Obviously the stock market really liked the Thor acquisition deal. Very impressive stock performance.

Entegra owners? Well, let’s just say that they seem a little concerned about some of the changes taking place as a result of the acquisition.

Thor seems to be doing very well so far as they announced at the end of November record results for their fiscal 2017 first quarter. Sales up by 66%, net income up by 56%, diluted EPS up 55% and their backlogs more than doubled over their fiscal 2016 first quarter.

Thor believes that 2017 will be one of the strongest years for wholesale shipments for the industry since the 1970s.