Investment Q&A

Q: Hi. Could I have your opinion on Patrick Industries as a way to capture the post-covid rebound? Is it too late in the recovery to get into this stock? thanks, J

Q: I was hoping to get your opinion on PATK, it has been beaten up pretty bad from yearly highs. I'm down about 50%, is this a company you would add to at this point. I originally invested due to the management team. Thank you

Q: I've held PATK for less than a year and i'm down 40%. I liked the company's growth, mgmt, but the sector has been hit hard and sounds like more of a decline to come in RV sales in 2019. Would you hold on to PATK or get out now? Would NFI be a good option for more growth and a dividend or is it just more of the same with it being in a similar cyclical sector? Other replacement suggestion?

Q: I bought PATK not very long ago because I like the mgmt, they have a good history of compounding capital, and they have made some nice acquisitions, Also good fundamentals. However my timing was pretty bad and its dropped 25% since then due to trade war concerns, US economy concerns and the motorhome/rv sector getting beaten up since people don't buy recreational vehicles if the economy struggles. I planned on holding through at least this quarter to see if good earnings could set it above the sector headwinds. It reported great earnings and beat on many metrics, popped 6% this morning, now oddly is down 3%. That concerns me. Should I get out of PATK, do you think the head winds will be too much for this sector? So far its looking like no matter how positive things are with the company, the sector will just beat PATK down with the rest of the RV stocks.

Q: These two RV supply companies seem to have strong revenue and earnings growth. They've pulled back quite a bit lately so their P/E ratios look pretty reasonable. What are your thoughts?