Lazydays Holdings (GORV) has landed in Barchart’s Bottom 100 Stocks to Buy, sitting at 69th place. The RV dealership operator has seen a 73% decline year-to-date, facing significant challenges like excessive debt, poor sales, and compliance issues. The company’s Altman-Z score of 0.88 suggests a high risk of bankruptcy within 24 months.

Despite its struggles, Lazydays reached its highest sales in 2022 since going public in 2018, but growth came at the expense of profits. The company’s net debt, amounting to $330.3 million, is nearly 12 times its market cap, indicating financial strain. To address this, the company has undergone drastic measures to reduce its debt burden and stabilize its operations.

Having faced a significant decline in stock value and a Nasdaq violation, Lazydays took steps to recover, including a reverse stock split and leadership changes. The company sold off dealerships to reduce debt, raised funds through private investments, and appointed a new CEO to lead a turnaround. Despite challenges, a positive shift in gross margin suggests potential for recovery.

With a history of navigating both prosperous and challenging times, Lazydays aims to optimize its operations and financial structure to regain profitability. Speculative investors may see an opportunity in the company’s turnaround efforts, with potential for stock value growth. However, uncertainties remain, and success hinges on the company’s ability to address financial issues and align expenses with revenue.

Read more at Yahoo Finance: Is Lazydays Holdings a Hidden Gem Among the Bottom 100 Stocks to Buy?