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NOTICE- OWNERS OF CAMPINGWORLD CAMPERS & WARRANTEES [message #343777]

Wed, 29 May 2019 00:52

GatsbysCruise

Messages: 261
Registered: January 2017
Location: Waukegan, Illinois

Karma: 3

Senior Member

I just found this video, it was just posted.

There seems to be evidence that CAMPING WORLD and GOOD SAM may be near Bankruptcy.

THE CEO has frozen money on any maintenance on the buildings and they are (by reports)
very over extended.

This is the video...

https://www.youtube.com/watch?v=kQ-Qr6D0JKQ

https://www.youtube.com/watch?v=VYsPcwJt4BQ

https://www.youtube.com/watch?v=EnswJS2hhfg

GatsbysCruise. \ 74GMC260 Former Glacier Model style. \ Waukegan, Illinois \ Keep those MiniDiscs Spinning \ MY GREYHOUND IS FASTER THAN YOUR HONOR ROLL STUDENT \ WindowsXP-Win7-Win8.1-UBUNTU STUDIO - UBUNTU VOYAGER - Berzin Auto Center

[Updated on: Wed, 29 May 2019 01:10]

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Re: [GMCnet] NOTICE- OWNERS OF CAMPINGWORLD CAMPERS & WARRANTEES [message #343781 is a reply to message #343777]

Wed, 29 May 2019 07:26

Sammy Williams

Messages: 522
Registered: August 2010

Karma: -2

Senior Member

“Gander RV” is the same company. They bought Gander Mountain and are using
it’s name for a new RV company.

Sammy williams

On Wed, May 29, 2019 at 00:53 slc via Gmclist
wrote:

>
> I just found this video, it was just posted.
>
> There seems to be evidence that CAMPING WORLD and GOOD SAM may be near
> Bankruptcy.
>
> THE CEO has frozen money on any maintenance on the buildings and they are
> (by reports)
> very over extended.
>
> This is the video...
>
> https://www.youtube.com/watch?v=kQ-Qr6D0JKQ
> --
> GatsbysCruise. \
> 74GMC260 Former Glacier Model style. \
> Waukegan, Illinois \ Keep those MiniDiscs Spinning \ MY GREYHOUND IS
> FASTER THAN YOUR HONOR ROLL STUDENT \ WindowsXP-Win7-Win8.1-UBUNTU STUDIO -
> UBUNTU VOYAGER - Berzin Auto Center
>
> _______________________________________________
> GMCnet mailing list
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Re: NOTICE- OWNERS OF CAMPINGWORLD CAMPERS & WARRANTEES [message #343810 is a reply to message #343777]

Fri, 31 May 2019 08:01

jhbridges

Messages: 8412
Registered: May 2011
Location: Braselton ga

Karma: -74

Senior Member

Given CW's pricing and service, it isn't a surprise. I think they made their money off first - time RVers who didn't do their homework. That pool of customers is now empty. If they're paying 'floor plan' interest on their stock it's no wonder they're going broke.
Gander doesn't do well vs Bass Pro Shops.

--johnny

Foolish Carriage, 76 26' Eleganza(?) with beaucoup mods and add - ons. Braselton, Ga. I forgive them all, save those who hurt the dogs. They must answer to me in hell

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Re: NOTICE- OWNERS OF CAMPINGWORLD CAMPERS & WARRANTEES [message #343813 is a reply to message #343777]

Fri, 31 May 2019 08:28

jknezek

Messages: 1057
Registered: December 2007

Karma: 5

Senior Member

Wouldn't worry too much yet. They just declared a cash dividend, definitely something a company short on money wouldn't do, and my Bloomberg Terminal shows considerable insider buying of the stock. They were recently downgraded by a ratings agency, but as someone who works in finance, this doesn't look like an imminent bankruptcy to me. Not the healthiest company for sure, but I've also never been a fan of their business model. Regardless, I wouldn't panic if you own a Camping World issued liability (for example a warranty).

Thanks,
Jeremy Knezek
1976 Glenbrook
Birmingham, AL

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Re: NOTICE- OWNERS OF CAMPINGWORLD CAMPERS & WARRANTEES [message #343815 is a reply to message #343777]

Fri, 31 May 2019 10:58

jhbridges

Messages: 8412
Registered: May 2011
Location: Braselton ga

Karma: -74

Senior Member

As you say - you being in the money field.

--johnny

Foolish Carriage, 76 26' Eleganza(?) with beaucoup mods and add - ons. Braselton, Ga. I forgive them all, save those who hurt the dogs. They must answer to me in hell

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Re: NOTICE- OWNERS OF CAMPINGWORLD CAMPERS & WARRANTEES [message #343835 is a reply to message #343813]

Sat, 01 June 2019 08:12

Jim Galbavy

Messages: 1443
Registered: August 2007

Karma: 7

Senior Member

CW's problems seem to be typical of a privately held company that went public but
tries to manage as a private. When they bought GM there was debts that didn't appear
on the books and now they (the CW stockholders) are stuck with it.

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