GLENDORA, Calif., Oct. 4, 2020 /PRNewswire/ — Camping World, the nation’s largest retailer of recreational vehicles (RVs), RV accessories, and RV-related services, has partnered with the world’s largest motorsports sanctioning body to become the sponsor of NHRA’s premier professional series, which will be known as the NHRA Camping World Drag Racing Series.

“I look at NHRA and I see a growing and loyal fan base,” said Marcus Lemonis, chairman and CEO of Camping World. “NHRA recognizes the product it has in the sport of drag racing and its responsibility to serve its fans. We at Camping World look forward to this new relationship.”

The sponsorship, beginning immediately, will be in full swing as the NHRA celebrates its 70th anniversary and Camping World celebrates its 55th year in 2021. The sponsorship is an ideal fit for both organizations. For more than five decades, Camping World has proudly offered specialized

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I highlighted my sale of Camping World Holdings (CWH) earlier this summer. I thought the share price at $30 was starting to get a little rich. I subsequently sold my shares at $34.

Covid-19 served as a tailwind and boosted camping and RV demand. 2020 has been a summer where most Americans have not taken any international vacations, attended concerts or sports events. It has been the summer of camping.

This week, CWH held their annual investor day. After reviewing the material, I am now more bullish on the company. I think a valuation of $30 is conservative and the company is most likely worth closer to $50 per share. Subsequently, I will be accumulating shares in the $25-30 range.

Valuation is Solid

The company is currently valued at $2.7 Billion. The enterprise value is $5.0 Billion.

The company is now projecting $500 million in Adjusted EBITDA in 2021. Furthermore,

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You and I have never met, dear reader, but if you knew me, then you’d also know that camping is undoubtedly on my shortlist of Things I’ll Never Be Caught Dead Doing. 

Which is exactly why I found myself huddled in a tent in the middle of a field while wind and rain lashed about outside. This is for the blogs, I kept telling myself. What I wouldn’t do for my children, the blogs.

But before I get into that, let’s back up for a second. 

The Roofnest Falcon

Recently, I tested out a 2020 Kia Telluride. It was a nice car! You should read the review. 

2020 Kia Telluride_6

2020 Kia Telluride with Roofnest Falcon roof tent.

Kristen Lee/Business Insider

But I asked for this particular version of the Telluride from Kia’s media fleet because I’d heard it had a roof-mounted tent from a Colorado-based company called Roofnest. Seeing as I

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