Thor's Earnings Rebound, But What's Next for Its Stock?
Thor Industries (NYSE: THO) made the transition from COVID-19 headwinds to pandemic tailwinds in its fiscal fourth-quarter 2020 results, released Monday. The recreational-vehicle (RV) manufacturer resumed full production during the quarter, months after a "virtual production standstill" in May.
The company also saw its manufacturing orders hit a record backlog on spiking demand for RVs as the pandemic continues to facilitate lifestyle changes among consumers. Is this a clear signal for further gains in the "THO" symbol, which has already appreciated 30% year to date? Below, we'll review the quarter and examine at least one caution on the shares of this RV leader.
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