Apollo Tourism (ATL.ASX) update  - strong US Comps and RV market in the US at multi-decade highs

Wentworth Securities

When I last wrote about ATL (Sep 2017 Note - Caravans Cool Again?) the stock was $1.39, and they just raised $40.3m to buy the remainder of Canadream they did not own, along with Kratzmann Caravans and Clint’s Caravan Warehouse. All accretive circa 5%. The stock has crept up to a high of $1.87 today, and when I look at the comps in the US (Winnebago and Thor Industries), the environment is ripe for a good result for ATL. Even Warren Buffett's Berkshire Hathaway is in on the act, owning one of the largest RV manufacturers in Forest River Inc. Desk Note Here (VIEW LINK)


Comments

Please sign in to comment on this wire.