Why Winnebago Will Make a Ton of Money Off Millennials
RVs aren't just for the retirees anymore. Here's how to play a surge in millennial interest in experiential goods, as laid out by TheStreet's Jim Cramer.
That's great news for Winnebago Industries Inc. (WGO) . Although the recreational vehicle manufacturer doesn't own Thor Industries Inc.'s (THO) Airstream, the industry leader, it recently acquired towable recreational vehicle maker Grand Design for about $521 million.
"The millennials like a tow more than they like the big bus, and they're [Winnebago] finally where they should be," TheStreet's Jim Cramer said of Winnebago at TheStreet's Financial Success Strategies teach in on Oct. 28.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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