More along the lines of group self drive I think, follow the leader around nz.
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i forgot to mention tarriffs on steel will increase the price of RV to purchase and naintenance costs will go up
Bought a parcel of these a couple of days ago, timing was out, never mind will just hold the falling stone.
Posted just 4 days ago at $6.50.
Big break down through the 100 day MA which is $6.30 now to $6.10. Its had a marvelous run these last few years..market perhaps starting to wonder if there isn't at least some small element of cyclicality to THL's earnings ? http://www.4-traders.com/TOURISM-HOL...92/financials/
I don't think its expensive per se, but in a risk off environment I guess some might ask are their earnings as resilient as more defensive stocks ?
I edited that as its not priced for perfection on a forward PE of mid 16's but I guess its just the whole political environment at the moment BP. Will trade wars expand into tourism wars and if global markets turn bearish do people cut back on expensive holidays a bit ? A decent family holiday in a THL camper in the South Island for say 10 days is not a cheap exercise for a family.
Probably people cashing up for school holiday money, tourism ain't slowing down anytime soon.
if you consider china cant match us tarriff , they have to use other measure. in sth korea they asked people not to go to sth korea it had huge impact on tourism so ya get the idea in us have big impact in us for rv rentals
Chinese tourist use rv. Are too small %