HOW TO PLAY IT

Aging suburbanites, furloughed, quit the workforce, sell their homes

and buy RVs. Who’s a winner? Winnebago Industries. It will suffer a viral dip this year, with plants shut down for a period, but it will recover quickly; its enterprise value is 12 times Ebitda. Another survivor in the post-pandemic economy is Equity LifeStyle

Properties, a real estate investment trust that owns land rented out for manufactured homes and motorhomes. It’s a cross between

trailer parks, resort destinations and retirement communities. It’s tracking a powerful demographic trend. ELS’s enterprise/Ebitda is high at 27 but not

unjustified.