Investment Analyst Says 2024 RV Rebound is Far From Certain – RVBusiness – Breaking RV Industry News
Winnebago Industries, Inc. (NYSE:WGO) is weathering the post-pandemic storm with the stock price holding steady over the last few years, according to a report by Dan Victor, CFA, for SeekingAlpha.com, that largely focuses on Winnebago Industries. Despite facing an industry-wide drop in RV sales, the report continued, the company’s growing market share and a more diversified profile following a string of strategic acquisitions have helped to support overall solid fundamentals.
Seeking Alpha last covered WGO back in 2021 taking a bullish view, citing the positive trends at the time. Frankly, the author continued, we’re a bit surprised that shares have delivered a positive return over the period considering conditions have evolved mostly weaker than we expected.
Indeed, our update today highlights that while the macro picture has improved compared to the headwinds of 2022, a recovery in the RV market still faces significant uncertainties. Our call here is for investors to proceed with caution when looking at WGO with 2024 likely being another challenging year.