Thor Industries posted a record year for RV sales in its fourth-quarter fiscal 2016 results, and Tuesday (Sept. 27) “Mad Money” host and market analyst Jim Cramer weighed in on the company’s performance during an interview with Thor CEO Bob Martin.
“Some people think that Wall Street only worships one god: money,” Cramer said. “But that is patently false. Why? Because there are plenty of people worshiping Thor these days, and Thor has been pretty darned good to its followers.”
Martin attributed the rapid growth of RVs to consumer confidence and more wholesale and retail lenders in the RV space.
“That, along with just watching the younger buyers flock to the RV lifestyle, it really has helped to give our dealers the confidence to buy more inventory and to sell more at the shows. It has been definitely a positive for us,” Martin said.
Click here to view the video at CNBC.