Camping World buy 7 of LazyDays locations

[Ken & Sheila]

See the attached article. Apparently Lazydays is in some financial difficulty.

Camping World to Acquire Seven Locations From Lazydays

Towable Centric Locations Generated Nearly $200 Million of TTM Revenue Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or “Company”), the World’s Largest Recreational Vehicle Dealer, today announced that it has entered into an agreement to acquire the assets and certain real estate of...

investor.campingworld.com

 

[rvlifer]

Camping world is to after they lost the lawsuit for double charging

 

[Onyrlef]

Camping world is to after they lost the lawsuit for double charging

The first thing that occurred to me when I read the worlds largest retailer of RV's and RV related camping paraphernalia was paying $10-20,000,000 for 7 properties generating revenues of approx. $200,000,000 is, they must be in financial difficulty.

 

[gwinger]

From one bad company to another. Let's see how long they remain open something like CW buying Gander Mountain (Gander Outdoors) and then closing most of them

 

[rvlifer]

The first thing that occurred to me when I read the worlds largest retailer of RV's and RV related camping paraphernalia was paying $10-20,000,000 for 7 properties generating revenues of approx. $200,000,000 is, they must be in financial difficulty.

You argue about everything lol. Had my fill of being dragged down rabbit holes for a while

 

[Onyrlef]

From one bad company to another. Let's see how long they remain open something like CW buying Gander Mountain (Gander Outdoors) and then closing most of them

That's not unusual today. You buy a company, extract the value, then bail.

 

[gwinger]

That's not unusual today. You buy a company, extract the value, then bail.

Also a way to eliminate competition.

 

[winona]

My nearby CampLand was bought out by LazyDays. Ugh. Impossible to schedule service as it was routed thru California, not at the local dealer. Then LazyDays moved to Elkhart. More issues plus a 2 hour drive. This ain’t gettin’ any easier……

 

[Gary RV_Wizard]

Obviously LazyDays wasn't realizing the expected profit from those 7 stores and we can conjecture what the reason may be, but CW expects better profits because they thrive as much (or more) on ancillary products as they do on RV sales. Vehicle insurance, roadside assist, repair insurance (aka warranties), add-on fees, etc are large high profit items that CW sells & provides through its in-house providers, so the boost in market share is worth more to CW than it was to LD.

 

[Utclmjmpr]

Lazy days was a very well regarded brand for a long time,, delivering a quality product..>>>Dan