Wednesday, September 10, 2008

Thor shares climb, bucking RV sector's trend

Shares of Thor Industries Inc. advanced on Tuesday, bucking the broader recreational vehicle sector as analysts reported weaker July motorhome sales.

Thor shares rose $1.40, or 5.7 percent, to $26.13 in midday trading.

Baird's Craig Kennison said in his report Thor managed to gain market share in both the class A and class C categories.

Avondale's Kathryn Thompson said in an interview investors may be holding onto Thor because it has a strong balance sheet and has proven itself the most profitable in the sector.
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