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Hi everyone and welcome back to the channel in today's video I'm going to be showing with you part one of the full stock analysis presentation that I did for. The company for industries now. This presentation is from my stock analysis platform and community which is called learn by example learn by example is a platform. And community that helps investors consistently pick low risk high return investments with examples of. Stock analysis reports presentations and ongoing guidance in our small private community I'm sure you've noticed that there are tons of investing books and online courses out there that teach people the principles of value investing however none of these books or courses teach people how to actually apply those value investing principles in their own research what good is having a. Textbook if you don't have a teacher to help you apply those principles and to answer your unique questions as they arise if you are serious about becoming a very consistent and great investor over the long term then click the first link in the description below. And it will take you to a free 20 minute video where I explain exactly the four step process that I use in order to consistently outperform the market by finding low risk high return investments and at the end of. That video if you want you can apply for a call with me where we can work out if you would be a good fit for our private community with all that said enjoy the video and part two will be coming out later in the week hello everyone. It's Hamish Potter here and welcome to the presentation on thought industries here we're going to be breaking. Down thought industries and breaking down the report so if you haven't seen the report make sure you download it and read through it before you watch this presentation and basically in this presentation I'm going to go through and break down each component of that report and sort. Of explain some of the bits that may not be clear and especially. If you're a beginner and there's a few sort of complex words used in that report then I'm going to break down what some. Of those mean in this video in this presentation so I'm just going to start off by giving you my disclaimer so the information in this report or presentation is general information only and should not be taken as constituting professional. Advice from myself how much hotter I am NOT a financial adviser you should consider seeking independent legal financial taxation or other advice to check how this report information relates to your unique circumstances. I am not liable for. Any loss caused to whether due to negligence or otherwise arising from the use of or reliance on the information provided directly or indirectly by use of this report so over on the right I've just. Got the summary box from the report and this. Basically gives us the summary of whether or not this company is going to be one that meets our requirements so of course we have those four areas which we'll get into which. Are circle of competence management mode and price of course I can't give you a summary on whether or not this company meets your certain level of circle of competence whether it's in your circle of competence because that is completely individual and if you have no idea what I just said then don't. Worry I'm just about to get into it but essentially as a quick summary we've got management it takes the box in my opinion for meeting our management minimum requirements in terms of moat it also takes the box and in terms of price it doesn't quite tick the box in terms of. What we're looking for for most of the models but some of the models do allow for the current stock price making it a good investment and of course we'll talk about all the different models in just a. Little bit the other information I've got here is just the price which was 65 dollars and 38 cents at the time of recording this that's around the 29th of. The first 2019 I have the 52 week high. And 52 week low which is basically the highest the stock price has been in the last year which is 145 and the lowest that the stock price has been in the last year which is just under $48 per share a bit more. Information here we've got is the EPS which is earnings per share so. If we break down net income. On to a per share basis how much earnings is attributable to each share that you will be purchasing that's what EPS is and TTM just means trailing. Twelve months so we're taking the last four quarters of earnings so it gives us the latest number the latest figure on their profitability and that is five dollars and ninety seven cents per share book value per share or also known as equity per share came in at currently $36.50 and dps is dividend per share also trailing 12-month so the. Last four quarterly dividend payments added up to a total of a dollar fifty and essentially we can use that against the price to get some ratios so the price divided by earnings the price to earnings ratio for this company at the time of recording is ten point five three we've got a price to book or a price to. Equity of one point eight and a dividend yield so whatever the percentage return is on that dividend compared to how much you're paying is two point two nine percent so we'll just start by going through briefly what today's presentation will entail and essentially this structure will be the same for all of. The presentations going forward so I'm. Presuming this is the first one that you're watching but it might not be and I apologize if it's not the first one you're watching but essentially we're. Gonna start off with a business description so what is the company what do they sell where do they sell it that sort of thing so that you can get sort of a brief understanding. Of what the company is that we're talking about today then we're going to get into circle of competence and this is where you can start to determine whether or not this company is going to be one that you can fully understand and one in which your values are aligned with the company's values and we break down circle of competence. By going through some key areas the first is industry analysis talking about the industry in which this company sits broadly speaking then we get into competitor analysis so what are the competitors how many other what market share do they have and how does Thor sit among them in the market. Then we're gonna get into some key business indicators so a key business indicator is essentially something that you should always. Be watching about this company as an indication of how this company is performing on its own and also in the market so these will be things that you want to watch when the reports come out the quarterly reports and the annual reports these are. The areas you want to focus on in your own research to. Make sure that you understand how this company is going overall and lastly we have risk factors which is some of the risks associated with this business and I'm not going to talk about all of them and we'll get into that. When we get. There but what I'm going to include some of the major ones that I think you should be considering as major risks when investing in this then the second thing we look for is. In a wide economic. Mark so we're gonna talk about what an economic mark is and then we're going to identify it in true ways so we're gonna try and identify if there's a qualitative mode so we're gonna do a qualitative. Motor analysis to see if we can identify anything any characteristics about the business that tells us that this has some kind of protective layer around it protecting it from its competition and then we're also going to look at how. We're going to do a. Quantitative market analysis which is where we look at the numbers we look at the quantitative now we see if the numbers tell us or show us that this company has been sustainably protected by some kind of intrinsic characteristic and then of course lastly. We'll combine the two and come to a conclusion about whether or not we think it has a moat and how powerful that moat is because not all moats are. Equal the third major thing that we need to look at is management and of course we're assessing management in essentially three different ways we're assessing if they have integrity if they're a management team that is displaying that they care about the shareholders and that their number-one priority is the. Shareholders and also the customers which is essentially putting the shareholders as the number-one priority because if a company puts their customers first then that is a company that is going to do very well over the long term for its shareholders so we're gonna have a. Look at that and then we're gonna have a look at capital investments so how well have they been investing within the business because of course that's what management teams do. They make decisions about where to allocate capital where to put money in order to grow it into more money and we need to see how effective they've been at doing that in the past and whether or not we think that can continue into the future and then. The third lens is debt management so how. Have they been managing. Their debt we'll talk about how much debt they do have because that's clearly. Important if a company has a lot of debt that also comes with a lot of risk because they. Have to pay that debt down and if they can't make those payments then the company could go insolvent so we need to make sure that they don't have too much debt and we also need to look into into their past to see if they've been historically good at managing debt or if they've. Been historically reckless with debt and almost destroyed the company in the past and the fourth and last area we look at is intrinsic value so the. First three kind of tell us whether or not the company is one that is and whether or not you know it has a motor whether we understand it so that if something comes up where we're easily able to analyze that situation and make good decisions based off that and also that the people running and making decisions within the. Business are also doing things in the best interest of the customers and the shareholders once we've determined that we need to work out how. Much we would be willing to pay for that great company and this basically comes down to two things the first is that we need to calculate how quickly we think this company can grow their cash into the future and that calculation is based off essentially the first three items so it's based off our understanding of the business it's. Based off how protected this company is in its industry the economic mode and it's also based off how effective management is because you can have a. Great company but if the people making decisions at the top of that company are making poor decisions then the growth might not be as high or as effective as it could be with a different management making decisions so that's what we're going to assess and then. Essentially we're going to go through a number of different discounted cash flow models and this is how we calculate the intrinsic value. We calculate how much cash we estimate that this company can bring into us over the next ten years and once we've calculated how much cash we can get out of this company we can work out. How much we would be willing to pay for that cash because of course if we're going to receive $100 back we wouldn't be willing to pay more than $100 and that's essentially where if. You were paying above intrinsic value you would be paying more out than you were going. To get back and of course we talked about margin of safety and we want to make sure we're paying substantially less then how much cash our company is. Going to return to us so that's what this present today's presentation is going to entail and let's just get straight into. The first component which is that business description so as I just said the business description component is basically just going to give you a nice overview of what this company. Is what what do they make where do they make it and just a brief summary of what you would be investing in if you went down this road of further. Investigating this company so essentially Thor was founded in 1980 so it's quite an old company it's almost forty. Years old and essentially they primarily manufacture a range of recreational vehicles in the United States so they're an RV manufacturer that's what they mostly do it's 99 percent of their business they also deal in small components of RVs but that is a very very tiny proportion of their business they mainly manufacture. For recreational vehicles and they do this in the United States they're in the entire manufacturing business is centered in the United States and in fact most vehicles most. RVs or caravans or camp event. Wherever you are in the world we don't call them RVs in Australia we call them caravans most of them are sold in the US and Canada so that's where they're most of their market. Is and that's actually shifting to being a split between the US and Canada and Europe but we'll talk about that in just a little bit but as the time is right now and as it has been. Over the last thirty nine years most of their vehicles have been sold in the US or Canada and then we can break down the type of RVs that they that they sell and essentially there's two categories there's towables and motorhomes and they're exactly what they sound like a towable is an RV which you hook onto. The back of a truck or a car or some. Other vehicle and you tow. It and these include conventional trailer travel trailers fifth wheels and there's also other specialty towables they use for special types of events and then you have the motorhomes which include the vehicle and the sort of the camping in one vehicle so it's it drives itself you don't need to attach it to another car and they're called motorhomes and essentially. U-thor breaks these down into three classes Class A Class B and Class C and you can essentially. Think of these as price ranges so they go up in price depending on which one you want of course Class A is the most expensive type of motorhome so for industries and manufactures these RVs these two types of RVs and essentially what they do is they're purchased by dealers so dealerships is where the customers would go. To buy a brand-new RV and these are Thor industries is not a dealership Thor Industries is one step behind so dealerships they need to fill up their lot with a. Bunch of RVs and they go to companies like Thor industries and they asked them and they buy RVs off them and essentially the way that thought operates their business is they're produced to order so a dealership will put. In an order and then for industries we'll make it so they don't hold inventory really most of the time they're operating at a backlog so they've got a backlog. Of orders of dealerships who are putting in orders for. The next season because their inventories are running low so it's actually the dealerships that hold the inventory and when those inventory levels go low because customers. Are buying them they put in the order to Thor industries and they manufacture them and essentially the capacity to produce these these RVs can be increased or decreased relatively quickly at a relatively low cost and that's really key here with Thor industries because it means that because essentially in any. Market demand can shift rapidly and especially in an auto making industry sometimes when there's massive demand the manufacturers just can't quickly make enough vehicles in order to meet that demand and then they can't they can't sort of. Capitalize on the increased demand as effectively as they could and for industries can they can do this. And they've they've spoken about this in their annual reports they can effectively increase their productivity. Their capacity to produce at a pretty low cost and quite quickly so they can. Take advantage of an increased demand in the market and on the other end of the scale if there's a decrease in demand a significant decrease in demand for a lot of auto making. Companies manufactures they might. Not be able to decrease their capacity so they'll have laces out on land and buildings and places where they can manufacture these these vehicles and if demand drops they. Have to keep running these factories and they have to keep paying the leases they have to keep paying. Electricity and they really can't decrease those costs even though they're not bringing in as much revenue and again Thor has the ability to do this they can decrease their capacity to produce if the demand is low so that means that even though revenue is going to. Go down if there's a low demand they can also quickly reduce their costs to match that so that they'll still remain profitable or close to being profitable and they won't be in. A situation where they're not bringing in any revenue and they're spending a lot of money to just to maintain the business and keep paying those expensive expenses a couple of things to note about. The business here I've just got many of the components of purchased in finished form so they buy the parts they ship them over to the United States or if they're purchased in the in the United States and they ship them over. To their warehouses and then they just combine them into a vehicle so they don't make it. From scratch however of course we need to consider the raw materials what. What are the materials that they have that are in goat that go into these components that they're purchasing because somewhere down the line they're going to have to pay. For them if there is an increase in the cost. For some of these raw materials and the primary ones as you would expect in an you know camper van in an RV aluminium lumber plywood plastic fiberglass and steel so that brings us to. Circle of competence and here we're going to be talking all about whether or not this company has meaning. To you and whether or not you are capable of understanding it so just a quick summary of what the circle of competence is so the first key component of stock analysis is to only invest in businesses that are within your circle of competence so you need to choose businesses that. Hold meaning to you as I just said that have values that are aligned with. Yours that's really important because essentially if you're using this style of investment that I use and that has been used successfully by Warren Buffett and Benjamin Graham for so many years in the past over 100 years of. Data has been collected on this strategy then essentially you're only going to be investing in a handful of companies and these are companies. That you're going to be putting significant amount of significant amounts of money behind and you should you should invest in these businesses as if you're buying the whole business so it should be like I really love what this company is doing I love where it's going I love their philosophy and their how they they structure their. Workplace they have similar values so that you feel happy to be an investor and that you would be sort of very happy to tell people that you're an investor there yeah this is the main company that I have a. Significant amount of money invested in so that's really important and the last part that is. Crucial is that they operate in. An area in which you completely understand. And essentially the reason for that is because the level of your understanding is the biggest factor in the accuracy of your intrinsic value calculations so I mentioned a little bit earlier that part of calculating the future growth of a company is comes down to your understanding of the business and and essentially you need to be able to understand how. A business and its industry change over time so that you can continuously recalculate intrinsic value and make rational decisions about your investments on an ongoing basis so this. Is why it's always a bad idea just to take investment advice from one person and just believe that they're right and just. Buy into the stock because if you're going to hold a stock for the long term things in the business will change and the industry will change and you need to be able to adapt and understand what is happening so that you can make rational decisions and. Essentially that's really really important I think a lot of people fall into the trap of investing in companies that other successful successful investors have purchased and maybe that'll be a good investment at the time but who knows. What that successful investor is doing with that business maybe they sell it off two years later and you're still in it five years later and the industry is completely different but you don't know that it's different because you don't understand the company so that's that's really really important so essentially in this section. Of the presentation and in this section of the report it'll it'll sort of help you work out whether or not you think this company is within your circle of competence so it'll give you a brief sort of summary it'll give you some details but. It'll be a brief overview of what this company is and what are the sort of key factors that we look at and who's their competition what the industry is like and from this you can work out whether or not you you find it interesting enough to do your own research because essentially you can't just stop at the end. Of this report you to do ongoing research and you need to go as deep as possible as you can into these. Companies and if you do go deep into these companies you will have a better chance of accurately estimating how much cash these companies can bring into you and that means that when you buy them at a significant discount. You will have complete confidence that you will make a significant amount of money and and that you won't lose money which is really really important so we'll start off with an industry analysis and essentially what we're looking for here is we're looking to invest in businesses that are within industries that are growing at least somewhat over. Time and the reason for that is that if you have a market or an industry that isn't growing then in order to sell more units you're going to be taking out more market share so. You can imagine what we can look we can see that the RV industry in 2017 which is the industry in which the industry sits of course they shipped just under. Five hundred and five thousand units in 2017. So you can imagine that if Thor Industries was to sell 250,000 that would be 50% market share and if they went on to sell 300,000 they would have 60 percent market share and 400 thousand would be. 80 percent market share and that means that there's an upper limit to how many units they can sell because there's only so much market share they can take before all of the other little. Businesses in that industry that have one percent here one percent there one percent there there's no way that Thor Industries is going to get complete market share and they're not going. To get an overwhelming amount of market share so in order for them to grow we need to be investing in businesses in industries I mean that are growing over time and the other industry is one that is growing over time so if we look over. A five year period so if we're just looking in this cycle then we can see that the compounded annual growth rate has been 12% which is really strong so that means that coming out of a bust so if we're not including any of the. The downturn in the recession if we're. Just including from 2012 until 2017 where the economy. Was expanding that entire. Time then their market grew at 12% however we are going to be investing for the long-term so we're going to. Be investing more than a five year period and it's likely that if we start investing soon then we are going to be investing through a recession which means that we need to take into account the growth over multiple cycles we can't just assume that it's going to go up forever because as you can see from the graph there. It sort of goes up and down in waves depending on when the recessions happen and in 2008 it dropped dramatically because that was such a big global financial crisis but if we look over the entire 34 years then we. Can see that the compounded annual growth rate. Is four point two eight percent so that is really still a really strong growth rate and that means that even if thought industries if though industries can just maintain their market share in the market then they're going to grow at four point three percent. Which is excellent we can also break down how many of these RVs were tall balls and how many were motorized RVs and we can see that towables make up the vast majority of the industry so out of the five hundred and four units in 2007 2017 that was sold that were shipped. Towables made up four hundred and forty. Two thousand of them and motorized RVs just made up as sixty two thousand six hundred and then essentially I just wanted to mention that Thor Industries has what's what I would call an effective acquisition strategy so what thought industries does is thor industries owns a number of different RV brands underneath it that operate uniquely and. Essentially thor just looks at its competition it sees which ones are growing really fast and it buys them and by doing that it can increase its market share as it has over the past thirty five years and it just has all these little RV companies that are operating individually within. Thor industries and the evidence that this has been successful is basically their high equity growth so if we look at their. Equity growth from 1994 to 2018 you can see that it's pretty. Much just a nice smooth upward trend and every single year in this graph equity group except for three years and they were the three years during the global financial crisis so besides the global financial. Crisis they were able to grow their equity every single year which is extremely impressive and it shows that they've had an excellent ability to not only grow as with the market so now not only to maintain their market share but they've. Been able to expand their market share by making effective acquisitions so that brings us to looking at the competition so doing a competition analysis and essentially there's about approximately 60 manufacturers in the US market however there's. Only two major competitors and these two competitors in the industry are thought industries the company we're looking at right now and Forest River and first River is a private company because it is a subsidiary of Berkshire Hathaway. Which is Warren Buffett's company. If you didn't know so that is also interesting Warren Buffett acquired or Berkshire Hathaway led by Warren Buffett acquired Forest River in 2005 and this is when RV. Companies were starting to struggle if we go back to that graph you can see that 2005 was just before Thor industries saw those equity declines but 2005 was. When the stock prices started to fall and the value of these companies started to go down and as a result Warren Buffett likes the industry and he took it upon himself to acquire one of the businesses in. That industry one of the two major competitors so that's really the major sort of competition for Thor is Forest River which is a little bit disappointing because if they were their own public company then we could easily compare their data but we really can't because they're a subsidiary of Berkshire Hathaway now Warren Buffett puts a ton of information in. His letters to the shareholders and there is a lot of information about Forest River but there's just not as much as there would be if it was a public company so we can't make. A stark comparison. There which is a little bit disappointing but essentially for industries has market share of 48% and that's up from 47% 47.3% in 2016 so it's increased a little bit but more or less. It's stayed the same at least it's not going down Forest River has market share of thirty three point five. Percent and that's actually down from thirty five percent in 2016 so again like for industries relatively unchanged but has been decreasing a little bit whereas thought industries has been increasing a little bit as it has over. The past 40 years the next two biggest companies. We have our grand design which has five point one percent up from two point eight so they're increasing their market share quite quickly and we have Winnebago which is three point one percent down from three point two so. That's relatively unchanged and then of course. There's a couple others there in the graphic you can see a Gulfstream and re V and you can assess those as well but they're very small components of the market as you can see there. Is two major competitors our company that were looking at for. Industries and Forest River so one other thing I wanted to mention which is important when we're talking about competition is the Irwin himer acquisition that Thor made basically it confirmed it while I was recording this while I've been making this report this is the biggest acquisition that Thor has made in its history and. Owen Homer is basically it was the biggest RV manufacturer in Europe so it was the number one player in Europe and Thor Industries is the number one player in America in the United States and Thor Industries just bought the biggest one in Europe so what that means is that Thor Industries is now the biggest RV manufacturer. In the United States as it was already it's now the biggest manufacturer in Europe because it earns a win heimer and the combination of those two makes it the biggest RV manufacturer in the world so it now has number one market share. In the world which is incredibly impressive and this is really important because well it's important for a number of reasons but one of the key reasons is revenue diversity. So before this acquisition as I said they mostly sold their RVs in the US and haneda so their their revenue was basically 100% from North America it was about 99 percent so I just rounded it now it's North America 76. Percent Europe 23% and then the rest of the world less than 1% so now it's a decent split and I like that split because Europe if it was 50/50 Europe North America I'd be nervous because they haven't entered the European. Market yet and I haven't studied that market as as in-depth as I should have by now but if it was 50/50 I'd be nervous because if the European market was so poor it would pull down for industries quite dramatically but the fact that it's only 23% that's a great introduction into the European. Market and it means that if Europe doesn't work out as we think it will then it's not going to massively affect Thor industries business as much as. It would if it was a 50/50 split so that. Brings us to some key business indicators and essentially I've got two key business indicators for Thor industries the first is backlog of orders so this is essentially we can use this as an indication of short-term growth because the. RV manufacturing time is relatively short so real once a dealership puts in an order it takes about 12 months before that order is fulfilled before the RV is made and shipped off. To the dealer so it's quite quick which means that if you have a backlog of orders which they always tell us about in their reports then we can see how many RVs are going to be converted into sales within 12 months and really there's three things that affect the backlog of orders there's the seasonal basis so essentially they're. Going to sell more RVs in the summer and spring months then in the winter and autumn months although we are that winter and fall months and that's just basically because of the time in which customers go and buy RVs. And go camping the second thing is due to changes in production capacity so. If they increase their ability to produce they increase their capacity then the backlog will be smaller because they can fulfill more orders more quickly at the same time and the same thing decreasing if they decrease their production capacity then it's likely backlog orders. Will go up and the third thing is that chain there can be changes in the orders made by dealerships so it fluctuates if dealerships dealerships might order a bunch of rvs and then the demand isn't what. They expected so then they don't order many RVs for quite a while so that can happen as well it's not always very as smooth as a one-to-one relationship between customer buying an RV and then a dealership ordering one the dealership will order a bunch based off their expectations of the demand and if the demands are. There then it'll work. Out if the demand is not there then they won't to reorder for quite some time and then the second indicator that we look at for Thor Industries is retail units sold so essentially if we have an increase in retail demand there. Is going to be an increase in Thor's orders from dealerships more or less because dealerships are going to run out of units and they're going to order more from companies like Thor industries and essentially if you want to track the retail demand in the. RV space in the in the RV industry then you can go over to RV I AECOM I believe it is org just google search RV ia and that's a company that basically monitors the wholesale. And retail shipment data and it's only at a 1 to 1.5 month lag so it's quite up to date which means you can get a nice gauge of how the demand has been for RVs at whatever point in the cycle we are and the last part. Here for circle of competence is just to go through some risk factors so I'll just read these. Out quickly and these are just some of the major ones now these aren't all of them so make sure you go into the annual report and you read all of them before you make an investment these are just some of the major ones that I thought I would highlight the. First is that. The RV industry is characterized as highly competitive with a low barrier to entry so competition competitive. Pressures even between Thor's owned subsidiaries in the past has resulted in a reduction of profit margins and all. Market share the industry is seasonal and leads to fluctuations in sales production and net income demand for RVs is generally generally declines during the fall and winter months while sales and profit generally highest during spring and summer that's what I just mentioned about the seasonality and. Of course severe weather conditions in some areas may also delay the timing of shipments from one quarter to another Thorin its competitors are subject to volatility in operating results due to external factors such as economic conditions consumer confidence inflation interest rates and many other factors so. There are cyclical business which means that if consumer confidence is down if we're in a recession then they're not going to sell many RVs and if the opposite is true and there's also consumer confidence because people have lots of expendable income then they're going. To be buying these vehicles most of thawr industries operations are located in northern Indiana and that puts. The business at risk of natural disasters happening there there's high competition for workers there and competition for production facilities so if they need to expand their capacity and. They have to compete with other RV manufacturers for buying those expanded capacities or buildings and land the next one here is that sales to freedom roads account for approximately 20% of thor's net sales so that's one dealership and essentially if they lost this dealership. If the dealerships stopped buying thor's products then it would severely impact thor's revenue fluctuations in commodity prices including those caused by the recent steel and aluminium tariffs may impact operation costs operating costs and we've seen that happen cause those costs on aluminium and steel. Has gone up and that's affected their profitability fluctuations in gasoline and fuel prices can have negative side effects on sales this also has been an impact recently and lastly business acquisitions have been a key part of Thor's growth and pose integration risks which may result in negative consequence ik wences to the business. Financial conditions or results of operations so if they can't effectively make acquisitions anymore or if or they acquire a big business like o and Homer and. It doesn't work out then it could be a massive problem for for industries because they're now they have a lot of debt and the company's not doing very well so. They're not getting.

 


Thor Industries Company News

Thu, 09 May 2019 21:10:03 GMT
The Reason For Today’s -3.89% Weakness in Thor Industries, Inc. (THO) Shares - Find News
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Wed, 08 May 2019 13:22:00 GMT
Ride Thor's Long-Term Secular Growth Missed By Noise Traders - Forbes
Ride Thor's Long-Term Secular Growth Missed By Noise Traders Forbes Disappointing short-term trends can mask long-term value creation and lead noise traders to sell off a quality company. These knee-jerk reactions create ...
Thu, 09 May 2019 20:00:00 GMT
Substantial Unlocked Value In Thor Industries, Inc. (THO), Aircastle Limited (AYR) - GV Times
Substantial Unlocked Value In Thor Industries, Inc. (THO), Aircastle Limited (AYR) GV Times 7 analysts out of 11 Wall Street brokerage firms rate Thor Industries, Inc. (NYSE:THO) as a Buy, while 1 see it as a Sell. The rest 3 describe it as a Hold.
Thu, 18 Apr 2019 07:00:00 GMT
Thor: A Great Wealth Compounder - Seeking Alpha
Thor: A Great Wealth Compounder Seeking Alpha Thor is a cyclical industry, so we have to pay attention to the macro factors that I delve into in this article. The second part of the article will look at Tho.
Thu, 18 Apr 2019 07:00:00 GMT
Does Thor Industries, Inc. (NYSE:THO) Have A Particularly Volatile Share Price? - Simply Wall St
Does Thor Industries, Inc. (NYSE:THO) Have A Particularly Volatile Share Price? Simply Wall St If you're interested in Thor Industries, Inc. (NYSE:THO), then you might want to consider its beta (a measure of share price volatility) in order to understand how ...
Fri, 10 May 2019 03:41:06 GMT
High Beta Stock Review for Thor Industries, Inc. (NYSE:THO) at Beta Reaches:: 1.71 - Williams Review
High Beta Stock Review for Thor Industries, Inc. (NYSE:THO) at Beta Reaches:: 1.71 Williams Review Examining shares of Thor Industries, Inc. (NYSE:THO), we can see that the stock has a current beta of 1.71. Checking in on current price action, company shares ...
Thu, 09 May 2019 13:19:00 GMT
Which stock will you choose? ContraVir Pharmaceuticals Inc. (NASDAQ:CTRV), Thor Industries, Inc. (NYSE:THO) - The Newburgh Press
Which stock will you choose? ContraVir Pharmaceuticals Inc. (NASDAQ:CTRV), Thor Industries, Inc. (NYSE:THO) The Newburgh Press ContraVir Pharmaceuticals Inc. (NASDAQ:CTRV) ContraVir Pharmaceuticals Inc. (NASDAQ:CTRV), ended its previous trading session at $0.13 showing a loss ...
Thu, 09 May 2019 18:41:00 GMT
Trading Watch: Percentage Price Oscillator Histogram Below Zero for Thor Industries (THO) - Chandler Caller
Trading Watch: Percentage Price Oscillator Histogram Below Zero for Thor Industries (THO) Chandler Caller After a recent look at shares of Thor Industries (THO), we have seen that the Percentage Price Oscillator Histogram level is under zero. Traders following the ...
Sat, 20 Apr 2019 07:00:00 GMT
Thor Industries $THO Technical Update - Stock Traders Daily
Thor Industries $THO Technical Update Stock Traders Daily The Thor Industries (NYSE: THO) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and ...
Wed, 01 May 2019 19:49:00 GMT
Current Performance: Thor Industries (NYSE: THO) - TNN
Current Performance: Thor Industries (NYSE: THO) TNN Thor Industries trades as part of the consumer cyclical sector and autos industry. Thor Industries Inc is engaged in manufacturing recreational vehicles in the ...