On Tuesday's "Mad Money" program during the show's second Executive Decision segment, host Jim Cramer spoke with Scott Wine, chairman and CEO of Polaris Inc. (PII) .
Business has been strong due to the pandemic, which resulted in "unprecedented demand," Wine said. Dealer inventories are low and thanks to year-round offerings spanning boats, snowmobiles, off-road vehicles and motorcycles, customers keep coming to Polaris, Wine said.
There have been issues due the pandemic, too, Wine acknowledged. For instance, it created a bit of a liquidity situation at first and caused headaches in the supply chain. But overall, demand has been strong as consumers seek outdoor and distanced activities. While the growth rate is bound to slow, Wine said he's confident there will still be growth in a post-pandemic world.
One source of that growth could be electric vehicles. Polaris has agreed to a 10-year partnership with Zero Motorcycles to help develop and produce electric offerings.
We last looked at PII on June 11, when we wrote, "After staying at home since March 7 I could use a good dose of outside activity, but I doubt I will be purchasing an 'adult toy.' PII has surged into the top end of a resistance zone. Prices could break out on the upside for further gains, but right now I think a pullback of some degree is in order. Let's wait and see how that unfolds before making a decision."
Let's check out the charts of PII again.