Thread by @Patrick_Invests

Always hard to quantify the value of partnerships, but the $CWH $RIDE agreement seems very bullish for $CWH

$4M cash outlay to prep 170+ service locations to assist EVs (not just electric RVs per Marcus if I heard correctly)

Good Sam Services revenues are ~60% gross margin vs. a weighted average 31% gross margin for the rest of the business

Pursuing partnerships in their higher margin segments is a smart way to expand margins quickly with minimal upfront investment

Yes, electrified motorhomes are a cool concept and a big development, but by preparing their servicing locations to assist EVs of any type, this is likely not the last partnership to provide servicing to an EV manufacturer

It's hard to replicate the foothold $CWH has around the country, and I can certainly see other up and coming EV manufacturers not want to have to build out their own servicing facilities while having to compete on the manufacturing side as well

Camping World can use its real estate footprint to its advantage (feels weird saying that given brick and mortar retail's recent performance). This partnership injects some optionality into $CWH, which makes a fair price a bit trickier to determine but certainly more valuable.

For the names I own whose industries aren't experiencing massive CAGRs, I do like to see multiple levers to grow earnings beyond just top-line growth. This partnership represents that for $CWH, and Marcus is one of the best at executing, so hard to not be excited!