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Old 06-02-2019, 04:46 PM   #1
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Camping World possible bankrupt?

Has anyone seen this before ? Or any other news on this issue?

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Old 06-02-2019, 04:50 PM   #2
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another one on this subject ?
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Old 06-02-2019, 05:41 PM   #3
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Although the mega giant is not well received, I would hold a decision based from competition.
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Old 06-02-2019, 07:35 PM   #4
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I had to go and look at how Marcus is doing with his flagship company...

This does not say it all... but close!
Attached Thumbnails
CWstock_sucks_worse_than_your_girlfriend_does.JPG  
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Old 06-02-2019, 07:47 PM   #5
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Quote:
This does not say it all... but close!
Here are their first quarter results, what does this say?

Camping World Holdings, Inc. Reports First Quarter 2019

May 08, 2019

LINCOLNSHIRE, IL--(BUSINESS WIRE)-- Camping World Holdings, Inc. (NYSE: CWH) (“Camping World,” “CWH,” “Company,” “we,” “us” or “our”) today reported results for the first quarter ended March 31, 2019.
First quarter highlights and year-over-year financial comparisons:
  • Revenue increased 0.6% to $1.065 billion;
  • Gross profit decreased 1.2% to $298.3 million;
  • Income from operations, net loss and diluted loss per share of Class A common stock were $16.9 million, $26.8 million, and $0.52, respectively;
  • Adjusted EBITDA(1) was $21.4 million; and
  • The number of Active Customers(2) increased 31.4% to 5.1 million and the number of Good Sam Club memberships increased 17.1% to approximately 2.15 million.
https://investor.campingworld.com/pr...9/default.aspx
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Old 06-02-2019, 08:09 PM   #6
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Better fix their service dept quickly, lol.
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Old 06-02-2019, 09:15 PM   #7
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Let's see how they respond to being extorted:

https://www.washingtonpost.com/techn...=.6667f49d6b0d
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Old 06-02-2019, 10:18 PM   #8
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Originally Posted by RetiredOne View Post
Here are their first quarter results, what does this say?

Camping World Holdings, Inc. Reports First Quarter 2019

May 08, 2019

LINCOLNSHIRE, IL--(BUSINESS WIRE)-- Camping World Holdings, Inc. (NYSE: CWH) (“Camping World,” “CWH,” “Company,” “we,” “us” or “our”) today reported results for the first quarter ended March 31, 2019.
First quarter highlights and year-over-year financial comparisons:
  • Revenue increased 0.6% to $1.065 billion;
  • Gross profit decreased 1.2% to $298.3 million;
  • Income from operations, net loss and diluted loss per share of Class A common stock were $16.9 million, $26.8 million, and $0.52, respectively;
  • Adjusted EBITDA(1) was $21.4 million; and
  • The number of Active Customers(2) increased 31.4% to 5.1 million and the number of Good Sam Club memberships increased 17.1% to approximately 2.15 million.
https://investor.campingworld.com/pr...9/default.aspx
Yea, not a pretty picture... when the adjusted EBITDA is smaller than the decrease in margin... Not the entire margin, just the change in margin.

The reporting on active customers and GS memberships is moot - they give those away at a total expense. They have nothing to indicate a future customer.

CW sends me five separate mailings of the same flyer each month, they all have a different customer number on them... None of them ever make it back to a store.
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Old 06-03-2019, 04:00 PM   #9
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Now you know why Markus LEMONus made it onto a public traded company.. so HE would get his money out
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Old 06-06-2019, 12:19 PM   #10
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And they are getting cheap on their renewals. In the past I have gotten two cards with my GS renewal. Now it's only one, I guess too many people have been giving their other card to a friend.

"Under our new policy, we are only allowed to send one Good Sam Club membership card per household. A spouse and/or other household members are covered under it as long as they are listed on your membership.

Thanks,

Mike "
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