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BUD: Where are we? August 2018, page-36

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Holdtight

3,094 Posts.

1991

06/08/18

21:11

Post #: 34758885
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Originally posted by notlistening14 ↑

Thanks for that.

So the classic starts at A$200,000. It also appears that Airstream will essentially cover the first years subscription to Buddy, then after that the customer must pay that cost. Hopefully we can get further insight from the company soon on this (Webinar?).

$100/month is only $1,200 per annum or less than 1% of the total cost of the RV per annum, which is very reasonable IMO. As can be seen in my previous post, even at $100/month, we are looking at ~+$3.5m annualised revenue the first year, ~+$7m annualised revenue the second year, ~+$11m annualised revenue the third year etc

I would also expect a rollout to all other models following the success with their Classic model.

All in all a fantastic and unexpected announcement. Again, demonstrating the versatility and potential of Buddy's IoT solutions.

I also note the increasing demand for Airstream's RVs, see, e.g:
https://www.usatoday.com/story/mone...300-workers-new-plant-demand-booms/374776002/

https://www.businesswire.com/news/home/20180226006080/en/Airstream-Announces-Major-Expansion

https://www.bloomberg.com/news/articles/2015-08-18/how-america-learned-to-love-the-airstream-again

https://www.airstream.com/blog/airstream-announces-top-u-s-dealers/

https://www.cnbc.com/2018/02/26/airstream-to-expand-production-to-meet-booming-rv-demand.html

https://techcrunch.com/2018/08/03/h...updating-the-classic-american-travel-trailer/

https://www.bizjournals.com/dayton/...ive-airstream-planning-more-major-growth.html

http://adage.com/article/cmo-strategy/young-wanderlust-life-rv-market/312766/

https://www.campanda.com/magazine/future-of-airstream-interview-justin-humphreys/

http://www.rvbusiness.com/2018/05/airstream-touts-growth-dealer-partners-in-vegas/

https://money.cnn.com/2017/11/30/investing/rvs-trailers-motorhomes-airstream-winnebago/index.html

https://money.cnn.com/2017/07/12/news/economy/rv-industry-comeback/index.html

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Although it is almost impossible to determine the level of take up, the revenue from the " retro fit " could be an important figure in the calculations...Also, 95 sales a week is a growing number. Be interested to know what the growth path of the classics has been and what is the forecast weekly sale number in 2-3 years.

BUD Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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BUD: Where are we? August 2018, page-36

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