Did Thors earning beat give it upside potential?

2022년 3월 11일

Did Thor industries earnings beat give the stock a potential for upside?

Maybe

Now lets look, Thor has had some pretty heavy earnings beats for at least the past year, steadily increasing each earning. They as well had announced a share buy back, so that makes it look more enticing right?
Overall fundamentals look pretty solid right?


Now let's look at why the stock might be falling.
The part shortage issues have hit the industry pretty hard.
Economic inflation on the rise (less likely for people to go out and buy a travel trailer with the CPI reports right?)
Gas prices on the rise with oil skyrocketing.
Covid-19 restrictions have been lifted in most areas in the US now.
A revenue growth over the past 2 years that has 2x-4x's its mean revenue (granted I do realize they have acquired more subsidiaries, though is it sustainable? )
In their earnings report they did speak of "making sure they don't "overproduce" even with the backlog they have acquired coming into camping season.


I would say it really boils down to how many people are going to want to go out and buy a brand new RV in the economical uncertainties right now.
Along with gas prices on the rise, with no exact sight on when fuel prices are going to level off at.

Now as you are reading this, your probably like wow NinjaNew you seem pretty bearish on the stock, well that is for the midterm I am, but that doesn't mean I don't think the stock will see some more upside.

With the earnings beat consecutively, along with the consistent revenue growth, I do think some people will step in a prop the stock back up, or at least try.

Now lets talk about price targets.


Entry #1 if it breaks above $89.00
Entry #2 if it fades back and holds the $87.00 area

Target #1 $93.00 - $96.50
Target #2 $100.00 - $107.00 ( yes, I know thats a broad target, but with this markets uncertainty, you simply have to play price action).


What are your thoughts on Thor Industries?

Comment below

2022년 4월 16일

주문취소됨

Did not have the momentum I expected. Overall I am bearish on the RV industry which includes

THO
WGO
CWH
LAZY
LCII