Sep 27 Earnings: Thor Industries - Expenses Correction Incoming
Thor Industries has been on a tare recently, gaining over 40% in the last 12 months.
The company has been experiencing high demand for its products and has worked on developing new products and revamping its existing ones.
However, I believe the company's higher expenses and new market penetration costs will limit Income and Margins throughout the next quarter.
I am initiating the company with a $100 PT for the post-earnings move with a 3 month time frame.
The company has been experiencing high demand for its products and has worked on developing new products and revamping its existing ones.
However, I believe the company's higher expenses and new market penetration costs will limit Income and Margins throughout the next quarter.
I am initiating the company with a $100 PT for the post-earnings move with a 3 month time frame.
Trade closed: stop reached:
Stop reached pre-earnings release. Closed.