Parikh has a degree in finance and economics and he was intrigued by the announcement that Camping World was preparing an initial public offering of stock. He sees some interesting implications for the industry when Camping World starts selling stock.
He sees the IPO as the first leg in a unique strategy to give Camping World nearly a billion to buy more dealerships and further consolidate the RV retail market. He also suggests that Camping World could divest itself from Good Sam Club.
Parikh outlines his predictions and we debate a few other ramifications surrounding Camping World’s foray into becoming a public company.
For more information about RoverPass, visit www.roverpass.com.
To view the announcement about the Camping World IPO, click here.
The second guest is Joel Clark, the founder of RVShare a company that allows RV owners to rent out their RVs when not in use. It’s like AirBnB for the RV industry.
Joel explains how the program came about and why it is right for the RV industry. He describes how the process works and the protections built in to the system to protect RV owners and renters alike.
This concept fits well into a presentation made earlier this year at the RV Industry Association’s annual meeting where a futurist noted that Millennials are not into owning any depreciating assets, but are willing to spending money to use those assets owned by others.
For more information about RVShare, visit www.rvshare.com.