Winnebago (WGO, Financial) (WGO - $51.67 - NYSE) a leading recreational vehicle (RV) manufacturer seeing a resurgence of the "RV lifestyle" driven by pandemic related shutdowns and overall health and safety fears making the great outdoors appealing. However, this quarter reversed some of last quarter's very strong performance as the market digested the strong improvement in backlog that the company reported at the end of June as some investors start to question the sustainability of this recent spike in underlying demand. We believe that these trends do remain very favorable over the near-term and that this demand should translate into higher backlog and improving pro tability. Heading into this year, Winnebago increased its market share in the towable segment, and we see no reason for that to slow down. We believe Winnebago is well-positioned to capitalize during this current environment.
From Keeley Asset Management Corp (Trades, Portfolio)'s Small Cap Dividend Value Fund third-quarter 2020 commentary.
