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.
Citi overcame a mixed print to send its stock surging on Monday.
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