$CWH Short sellers will just love another downgrade

We are ignoring today's downgrade as having no significance, CWH has been in free-fall for 2 years and despite the CEO buying shares and a hedge fund entering the stock it has failed to find a bottom. The company is on a aggressive restructuring and cost cutting strategy which will hopefully impact earnings in the next quarter. This could be a very rewarding reversal trade but we will wait for the stock to find a true bottom and produce a higher high and a higher low.


AVERAGE ANALYSTS PRICE TARGET $16.41
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
SHORT INTEREST 29%

COMPANY PROFILE
Camping World Holdings, Inc. engages in the provision of a comprehensive portfolio of services, protection plans, products and resources for recreational vehicle enthusiasts. It offers products under the brands Camping World and Good Sam. Its operates through the following segments: Consumer Services & Plans and Retail. The Consumer Services & Plans segment offers services such as emergency roadside assistance, property and casualty insurance programs, travel assist programs, extended vehicle service contracts, co-branded credit cards, vehicle financing and refinancing, club memberships, and publications and directories. The Retail segment offers products such as new vehicles, used vehicles, parts and service, including RV accessories, and supplies, as well as finance and insurance. The company was founded in 1966 and is headquartered in Lincolnshire, IL.