Reply
 
Thread Tools Search this Thread Display Modes
 
Old 09-14-2018, 01:48 PM   #1
Rivet Master
 
Troutboy's Avatar

 
2017 23' Flying Cloud
Parker , Colorado
Join Date: Oct 2016
Posts: 1,651
Images: 1
Thor Stock - seems to be dropping

I have seen other posts on this over the years, how Thor Industries (Airstream Parent Company) is rolling in the cash, and so they are not as concerned with quality etc.....

The boom is on in RV sales, but if you look at Thor stock, they have fallen quite a bit since the high-mark of $156 in January. its $95 today....

hmmmmm..... maybe things are catching up. Or is this just the ebb and flow of the market. What do you all think?

https://ir.thorindustries.com/stock-...p/default.aspx
__________________

__________________
Thanks,
Troutboy
Troutboy is offline   Reply With Quote
Old 09-14-2018, 02:00 PM   #2
Overland Adventurer
 
AtomicNo13's Avatar
 
1991 34' Excella
2009 34' Panamerica
Telluride , Colorado
Join Date: May 2012
Posts: 2,473
What goes up, eventually comes back down.
32 meters per second....
__________________

AtomicNo13 is offline   Reply With Quote
Old 09-14-2018, 02:14 PM   #3
2 Rivet Member
 
East Hartland , Connecticut
Join Date: Sep 2017
Posts: 26
Travel trailer business is probably very sensitive to the current economy. Probably a sign of an upcoming recession.
Tombomb68 is offline   Reply With Quote
Old 09-14-2018, 02:45 PM   #4
Rivet Master
 
2012 19' International
Southeastern MI , Michigan
Join Date: Aug 2016
Posts: 2,128
Quote:
Originally Posted by Tombomb68 View Post
Travel trailer business is probably very sensitive to the current economy. Probably a sign of an upcoming recession.
I doubt it. But the RV market may be getting saturated.
Countryboy59 is offline   Reply With Quote
Old 09-14-2018, 04:47 PM   #5
Rivet Master
 
2014 20' Flying Cloud
Long Island , New York
Join Date: Jun 2015
Posts: 13,304
Does anyone have access to SEC filings [insider selling?], or stock message boards about this? With all the QC issues, and hiccups on various recent roll-outs [Basecamp, Nest, Atlas, and general QC issues], maybe there are some lawsuits about to become public? Shareholders, dissatisfied customers' class-action, etc.?

Disclaimer -- Please note the word "maybe" above, and the fact that the sentences above are questions, not statements of fact. Let's not start any rumors here!

OTRA15 is offline   Reply With Quote
Old 09-14-2018, 05:45 PM   #6
Site Team
 
, Minnesota
Join Date: Aug 2003
Posts: 7,561
Images: 59
Could be the influence of tariffs on steel and aluminum.
markdoane is offline   Reply With Quote
Old 09-14-2018, 05:57 PM   #7
Lost in America
 
mojo's Avatar
 
2015 27' FB International
2006 25' Safari FB SE
2004 19' International CCD
Santa Fe , New Mexico
Join Date: Feb 2007
Posts: 1,807
Happily invested in rolling stock.

And even tho the value goes down, I still get dividends in smiles.
__________________
This is the strangest life I've ever known - J. Morrison

2015 Airstream International Serenity 27FB
2017
Chevy Silverado 2500HD Duramax Diesel

mojo is offline   Reply With Quote
Old 09-14-2018, 05:59 PM   #8
The Aluminum Tent 3
 
pcskier's Avatar
 
2014 23' Flying Cloud
Park City , Utah
Join Date: Aug 2015
Posts: 1,501
I casually follow them.

It got up to 161/share late last year. They have recorded record quarters, but stock price really started slipping in January after topping out. No super specific reasons, like a bad quarter or poor guidance. The last couple quarters they did miss expectations, though recording great numbers. But missed analyst expecations always stings. They are in the midst of bidding for Hymer, the European RV maker, for something like $2.5 billion.

This summer, CEO also said they might feel a pinch from tariff increases.
Something that was said also that I found interesting was that to help maintain profits, they would look to "de-accessorize" (I think that was the term) features on higher end RVs.

Last December I was wishing I had bought THOR stock with the cash I used to buy my first Airstream in Sept 2015, instead of buying the actual Airstream. Would have been a triple by then. Could have bought the Airstream plus twice the amount I paid for it, in stock. But then again, maybe I would never have sold at $160/share, hindsight is awesome.

There hasn't been any real insider selling, nor specific warnings of lawsuits in any of their filings. The report earnings in a couple weeks.
pcskier is offline   Reply With Quote
Old 09-14-2018, 09:10 PM   #9
3 Rivet Member
 
Argosy man's Avatar
 
1973 Argosy 22
Carleton , Michigan
Join Date: Apr 2006
Posts: 117
I dont think Airstream is hurting Thors value at all. They are in the great position right now where they cant keep up with demand and are expanding manufacturing capacity. The challenge will come later when they meet demand- can they keep the prices and profit margin so high?

No doubt the tariffs will hurt any US company dependent on imports.

Hopefully it will only be temporary; until other countries will trade on equal terms and quit trying to prop up social programs with their own targeted tariffs on US made goods.
Argosy man is offline   Reply With Quote
Old 09-14-2018, 11:12 PM   #10
Overkill Specialist
Commercial Member
 
GMFL's Avatar

 
2020 30í Globetrotter
2014 23' International
Dadeville , Alabama
Join Date: Oct 2015
Posts: 3,999
Images: 4
Blog Entries: 52
From what I have heard the tariffs will not affect Airstream as they use US made steel and Aluminum
GMFL is offline   Reply With Quote
Old 09-15-2018, 04:09 AM   #11
1 Rivet Member
 
2018 25' International
Doylestown , Pennsylvania
Join Date: May 2017
Posts: 19
The stock price is not a result of tariffs.
Airstream isn't sold based on price.
Airstream has a price increase just about every year
People taking profit
price is down, possible buying opportunity.
The rise in the price of any stock will always hit a bump.
77walter is offline   Reply With Quote
Old 09-15-2018, 05:36 AM   #12
Dazed and Confused
 
Isuzusweet's Avatar
 
Currently Looking...
1983 31' Airstream310
Hillsburgh , Ontario
Join Date: Sep 2012
Posts: 3,805
Quote:
Originally Posted by GMFL View Post
From what I have heard the tariffs will not affect Airstream as they use US made steel and Aluminum
You heard wrong. Even if Airstream sole sourced USA made steel and aluminum, (which I very highly doubt considering this source below);

"The US imported nearly all the bauxite (the only commercial aluminum ore) used in producing primary aluminum. For years, the US has produced less than 1% of the bauxite used to make aluminum. The US also imported 33 percent of the aluminum metal that was used in 2014. Of the imported aluminum, 63% came from Canada."

Not to mention the percentage of aluminum the US imports from other countries, like China, Korea, Mexico...............

Tarrifs on these imports will increase prices on these products, which allows domestic producers of aluminum and steel to increase prices themselves; which is what the domestic industry wanted.

So to say that Airstream will not be affected is flat out wrong; the price of steel and aluminum in the USA has gone up, regardless of where it was produced.

Cheers
Sidekick Tony
__________________
Per Mare, Per Terram and may all your campaigns be successful.

ďItís a recession when your neighbor loses his job; itís a depression when you lose your own.Ē "Harry S Truman"
Isuzusweet is offline   Reply With Quote
Old 09-15-2018, 08:47 AM   #13
Rivet Master
 
2012 19' International
Southeastern MI , Michigan
Join Date: Aug 2016
Posts: 2,128
Quote:
Originally Posted by Argosy man View Post
I dont think Airstream is hurting Thors value at all. They are in the great position right now where they cant keep up with demand and are expanding manufacturing capacity. The challenge will come later when they meet demand- can they keep the prices and profit margin so high?

No doubt the tariffs will hurt any US company dependent on imports.

Hopefully it will only be temporary; until other countries will trade on equal terms and quit trying to prop up social programs with their own targeted tariffs on US made goods.
Iím sure thatís the general idea.
Countryboy59 is offline   Reply With Quote
Old 09-16-2018, 05:29 AM   #14
Dazed and Confused
 
Isuzusweet's Avatar
 
Currently Looking...
1983 31' Airstream310
Hillsburgh , Ontario
Join Date: Sep 2012
Posts: 3,805
Quote:
Originally Posted by Argosy man View Post

Hopefully it will only be temporary; until other countries will trade on equal terms and quit trying to prop up social programs with their own targeted tariffs on US made goods.
You know, you're right, except for a few things.....you guys started this.

FACT! Canada is the only country in the world that the USA has a trade surplus with; in other words, the USA sells more stuff to Canada than Canada sells to the USA.

FACT! The USA subsidizes its agriculture industry to a far greater extent than Canada does, with Ethanol subsidies and the like. We both have different systems; you give out goverment money for products that are over produced to make up for over production; we regulate how much is produced by supply management.

FACT! There are more dairy cows in the state of Wisconsin than there are in all of Canada. Due to the fact there is no supply management in the USA, the USA produces far more milk than it uses, or needs. Canada's supply management system regulates how much milk is produced and each farmer has a quota system that keeps over production in check. Every farmer makes a very good living from this system. Believe it or not; dairy farmers in the USA would love to have the same supply management system as Canada; which would actually allow them to make more money for themselves.

FACT! Canada's "socialized" health system, for which I am currently intimately connected with, as I have stage II stomach cancer, costs the Canadian people less than half per capita that the US health system costs the American tax payer. The difference in administration costs alone, are over three times higher in the US.

"Total Costs of Health Care Administration. In the United States, health care administration cost $294.3 billion, or $1,059 per capita (Table 1). In Canada, health care administration cost $9.4 billion, or $307 per capita."

The big difference is.......my family have yet to recieve any bill for the chemotherapy treatments, tests or up coming surgury......Nobody profits off my sickness.

People that live in glass houses, shouldn't throw stones.

Cheers
Sidekick Tony
__________________
Per Mare, Per Terram and may all your campaigns be successful.

ďItís a recession when your neighbor loses his job; itís a depression when you lose your own.Ē "Harry S Truman"
Isuzusweet is offline   Reply With Quote
Old 09-16-2018, 06:48 AM   #15
Overkill Specialist
Commercial Member
 
GMFL's Avatar

 
2020 30í Globetrotter
2014 23' International
Dadeville , Alabama
Join Date: Oct 2015
Posts: 3,999
Images: 4
Blog Entries: 52
Tony,
Fact! Or at least a very good observation.
Because I care not trying to start a fight at all.....
You Meds may be making you a “little” AGGRESSIVE.
You post the last few days seem more agitated, angry, this is really none of I’ve been in health care for 15 years so I am no expert, and have no idea of your current treatment plan, but this does not seem to be your normal pattern of post.
MEDS such as Steroids, can cause feeling of anger and agitation.
Again none of my business but may want to check with your Dr.
GMFL is offline   Reply With Quote
Old 09-16-2018, 08:30 AM   #16
Rivet Master
 
Troutboy's Avatar

 
2017 23' Flying Cloud
Parker , Colorado
Join Date: Oct 2016
Posts: 1,651
Images: 1
I believe your facts Tony. I spent a lot of time in Canada and have close friends that still live there and here in US.

This is straight from them last week;

FACT: the Canadian healthcare system is less expensive. However, itís mediocre at best. Because of lack of free market and subsidies, most Good Canadian doctors go to US because they can make more money.

FACT: like any socialist system, their is a lack of innovation and the system forces standardized treatment approaches. Most Canadians I know with a serious condition come to US as they claim the treatment and knowledge is better.

FACT: CANCER SUCKS! Sorry to hear this for you and praying that you will recover fully and that all the great Medicine people in the world find a cure fast!

Always enjoy your blogs
__________________
Thanks,
Troutboy
Troutboy is offline   Reply With Quote
Old 09-16-2018, 08:45 AM   #17
Dazed and Confused
 
Isuzusweet's Avatar
 
Currently Looking...
1983 31' Airstream310
Hillsburgh , Ontario
Join Date: Sep 2012
Posts: 3,805
Quote:
Originally Posted by Troutboy View Post
I believe your facts Tony. I spent a lot of time in Canada and have close friends that still live there and here in US.

This is straight from them last week;

FACT: the Canadian healthcare system is less expensive. However, itís mediocre at best. Because of lack of free market and subsidies, most Good Canadian doctors go to US because they can make more money.

FACT: like any socialist system, their is a lack of innovation and the system forces standardized treatment approaches. Most Canadians I know with a serious condition come to US as they claim the treatment and knowledge is better.

FACT: CANCER SUCKS! Sorry to hear this for you and praying that you will recover fully and that all the great Medicine people in the world find a cure fast!

Always enjoy your blogs
Yes, in the past a lot of Canadian trained Doctors would go to the US for better pay; however in the past two decades Canada has seen an influx of Doctors coming from, not just the world, but especially the US. It seems quality of life trump's the almighty dollar. In fact, my Onocologist and Thoracic surgeon both moved back to Canada from US locations.

I'll take mediocre and affordable over fantastic and bankruptcy, any day....just saying.

Cheers
Sidekick Tony
__________________
Per Mare, Per Terram and may all your campaigns be successful.

ďItís a recession when your neighbor loses his job; itís a depression when you lose your own.Ē "Harry S Truman"
Isuzusweet is offline   Reply With Quote
Old 09-19-2018, 07:29 AM   #18
Rivet Master
 
paiceman's Avatar
 
2020 28' Flying Cloud
Upper St Clair , Pennsylvania
Join Date: Aug 2011
Posts: 2,890
Images: 1
Thor is far from hurting. Thor is now the largest manufacturer of RVs in the world as they just purchased the largest European RV manufacturer which in addition to a number of different products makes the Roadtek class B
__________________
Bud

2020 28' Twin Flying Cloud
USAF Master Training Instructor (TI) - 68-72
paiceman is offline   Reply With Quote
Old 09-19-2018, 09:13 AM   #19
Rivet Master
 
Troutboy's Avatar

 
2017 23' Flying Cloud
Parker , Colorado
Join Date: Oct 2016
Posts: 1,651
Images: 1
Quote:
Originally Posted by paiceman View Post
Thor is far from hurting. Thor is now the largest manufacturer of RVs in the world as they just purchased the largest European RV manufacturer which in addition to a number of different products makes the Roadtek class B


Bigger is not better. In fact my experience has been that as industries consolidate like the RV industry is undergoing, the large public companies can not attain growth expectations through organic growth. They get so big they have to keep buying for volume and growth.

Itís typical that the companies that are bought lose their culture and the approach that made them successful as they have to now meet different expectations that are profit driven.

To me itís sad that these great brands are being bought. But it will open the door for the smaller firms to differentiate and get better.
__________________
Thanks,
Troutboy
Troutboy is offline   Reply With Quote
Old 09-19-2018, 09:55 AM   #20
Half a Rivet Short
 
2017 30' Classic
Carlisle , Pennsylvania
Join Date: May 2017
Posts: 8,726
Hi

My guess is that the market is anticipating troubles ahead in terms of Thor "digesting" their latest acquisition. It is not at all uncommon for these things to create a few quarters (or a few years) of poor results. Sorting out this and that diverts management attention. That's never good for the business ....

Bob
__________________

uncle_bob is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Suggestions on Upgrading stock coach batteries to 400 Watt from stock 160 Watt odonnell71 Sprinter and B-van Forum 5 05-07-2017 07:59 AM
Dropping the fresh water tank... drboyd Fresh Water Systems 12 11-04-2003 09:37 PM
Pre-Thor/Post-Thor Airstreams Kistler Airstream History 3 07-07-2003 03:32 PM
What about THOR stock?? Rod Pease Our Community 4 01-14-2003 01:11 PM
Need HELP! Need help quick - dropping the belly pan escapeez Belly Pans & Banana Wraps 8 12-30-2002 06:03 PM


Featured Campgrounds

Reviews provided by

Disclaimer:

This website is not affiliated with or endorsed by the Airstream, Inc. or any of its affiliates. Airstream is a registered trademark of Airstream Inc. All rights reserved. Airstream trademark used under license to Social Knowledge LLC.



All times are GMT -6. The time now is 02:52 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.