jcarnevale
Newark,NY
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Joined: 09/30/2003
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Todays journal states Coachman is trying to raise cash by selling some life insurance policies. Fleetwood has not made a profit in 5 years and is selling buildings and assets to make a bond note which is due. Winnebago also has not made a profit in 4 years.
General Electric's finance unit will no longer make RV loans. Overall
sales are off 14 percent this year.
Times really are getting tough!!!!!!!
jcarnevale
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Dick_B
Palos Heights, IL USA
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Joined: 07/10/2002
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And one reason may be all of the RVers who want to know if they can get 30% off instead of 25%, ie. more concerned about low dollar than quality materials and workmanship.
Dick_B
2003 SunnyBrook 27FKS
2003 3/4 T Chevrolet Suburban
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crazyhorse
San Diego
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well tell them welcome to our side of town, we are hurting too..maybe they can put pressure to gov. and oil company to do something about it. Right now me rig is just a gas storage box for me. cant fill it cant drive it, because of all that is happening with ecomony..Sorry to see them have problems but they can join the ranks with all of us who are trying to deal with the high cost of everything else...LOL
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Daveinet
il
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crazyhorse wrote:well tell them welcome to our side of town, we are hurting too..maybe they can put pressure to gov. and oil company to do something about it. Yep need to fix the supply. The supply determines the price.
Dave
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50pascals
rochester, ny
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Lots of companies "don't make a profit" - I wonder what the executive compensation packages look like.
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SRT
Head of the Lakes, MN
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50pascals wrote:Lots of companies "don't make a profit" - I wonder what the executive compensation packages look like.
Probably more than they would like to make public....
SRT
2000 32' HR Vacationer with Banks
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jeeperman
florida
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I guess things really started getting tough many years ago and we didn't even know it.???? I thought 5 years ago the market was red hot.as far as that go's 2 years ago.
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BarbaraOK
Livingston, Texas, USA
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Joined: 10/27/2003
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All of which means if you have an RV, keep it going as long as you can. Less production will mean higher prices in the future. Of course, we always assumed that we would keep ours until we could no longer go anymore - just on ongoing DIY project, especially now that we have an orphan!
Barb
Barb & Dave - full-timing
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funtime
powell, oh
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That is interesting as I just read that Winnebago up until 07 had the best years ever and the last 10 years combined were the most profitable in the companies history. They also stated they had $100,000,000.00 in cash reserves....that is not a misprint. I wonder who is kidding who?
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threedogtrip
Red River - Texas side OR Colorado @9500 ft
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jcarnevale wrote:Todays journal states Coachman is trying to raise cash by selling some life insurance policies.
I believe they are borrowing against the policies CSV, not selling them, but the point is the same - they need cash!
Reality is that which, when you stop believing in it, doesn't go away.
--- Philip K. Dick
1999 Gulfstream Sunvoyager
(Our Gulfstream Home Site)
2006 Jeep Wranger
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Rescued Gentleman (In Spirit)
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