Some stockholders may be a bit disconcerted with the latest news: Marcus Lemonis dumps thousands of Camping World shares at less than market value. What does it all mean? At least one stock analyst firm offers an opinion.
Last week alone, two sales
The most recent sell-off came on Friday, September 13. Camping World CEO Lemonis sold 125,000 shares at $22.84 each, for a total cash-out of $2,855,000. Earlier in the week he off-loaded 121,450 shares at $21.80, walking away from CW investments to the tune of $2,647,610. Interestingly, the sale price was below the market value of $22.43.
These are not the only occasions this year where Lemonis has dumped Camping World stock. This year, the Camping World King has dumped 350,000 shares, according to simplywall.st.
The CEO’s single biggest sale of Camping World shares amounted to 62% of his total stock holdings. Add the Friday sales, and the yearly dumping of his own company stock appears to be nearly a half-million shares.
Red flags as Lemonis dumps thousands of Camping World shares
General stock market wisdom says if an insider sells a large chunk of shares below the current price, the implication is they feel the lower selling price is reasonable.
It raises the question, is all the positive-spin made by Lemonis in recent quarterly shareholder reports just that—positive spin without a solid foundation?
Raising more red flags for Camping World investors is this. In the last 12 months, there’s been no insider buying of the stock. Insider selling, but no insider buying makes stock analysts cautious.
No doubt Marcus Lemonis knows what’s really going on in terms of the big RV retailer’s future. Stay tuned.
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##RVT1175b
Repent! The end of the “World” is near!!
Or maybe the contrary, Bill, and the “wicked witch” is capitulating and beginning to loosen the grip his boney fingers have around the throat of CW. 🤔😯😉
Hmmm, maybe so 🤔🫣
I guess we’ll see, Bill. 🙂 Have a great Tuesday! 🙂
The only good news would be when he sells the last share he owns and he gets escorted out the door when the board fires him.
Thank you, Russ and Tina! 🙂 Hmm, … maybe he has ordered a bus conversion from, say, Featherlite. RV Trader has a 2020 listed at $1.4 million, so a 2025 is likely a million over that, if not more. 🤔😯😉 Or maybe he is about to flee the country before all the unsatisfied CW customers begin putting the torch to his stores. 🤔 … 🤔 … 😯 … 😉 Nah, I don’t know why, but soon we may begin to speculate in a more informed way, if not actually learn why. Thanks again, have a great week, safe travels, and safe stays! 🙂
In the meantime Neal, we can continue to enjoy our travels, and our stays!!
Good idea, Bill. We may as well. 🙂 Safe travels, Bill! 🙂
Ye reap what ye sow.
The only more telling sign that a board-level executive thinks much lower stock prices are ahead is when they start shorting their own stock!
When is their 10K filing due? Maybe they have a surprise hidden in there.
It’s hard to gauge the significance of the sale without knowing what percentage of his total CW holdings it entails. My guess is it’s a small fraction and was probably done for tax harvesting. Or, maybe he just wants to buy a Bowlus.
From reading another article, I believe I read he dumped 62% of his holdings in total.
Does anyone really utilize camping world services much.. Im asking because i have seen a lot of Negative posts thru the years from other sites about their service dept. I have not done business with them so i have no proof. But i do prefer to go with local rv repair places. LIke cheers the local ones “where everybody knows your name” lol plus smaller businesses rely a lot on customer recommendations so they do their best to get it right.
There are 45 million shares outstanding. Sounds like he’s playing. He sold less than 1% of the total outstanding shares.