Recreational vehicle (RV) maker THOR Industries NYSE: THO stock has been selling off on fears of slowing demand and pricing power erosion, despite blowout earnings and a record $16.86 billion backlog. Either the analysts are ahead of the curve or just dead wrong. Recreational and outdoor activities stocks were winners during the pandemic as they attracted newcomers to the endeavor amid isolation mandates to curb the spread. This became sticky as evidenced by the continued growth during the reopening. The question of whether rising interest rates will deter the demand is on the minds of investors and analysts alike. The pandemic accelerated the growth in mobile workspaces such as RVs and trailers. With shares trading at just 7.5X price-earnings, the stock is trading at a discount if the demand erosion doesn't come true. Prudent investors seeking exposure in this segment at a discount can watch for opportunistic pullback levels in shares of THOR Industries.