gonesouth
Nova Scotia
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when you look at the sales graphs, the industry will sell as many in 2008 as three years ago, looks like too many manufacturers are geared up for big sales, not to make a profit on lower numbers.
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Deen
Vancouver, WA
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Daveinet wrote: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.
According to the news it's not a supply/demand situation, it's a profit taking by the speculators and the weak dollars on the open market and greed on the oil companies part. There was an article in our local paper about how some of the oil companies have oil reserves that cost them less than $6.00 a barrel to bring to market.
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Scrib
San Jose, CA
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funtime wrote: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?
They're down to $15,540,000, now. They should be able to survive, though, as they have no debt. I do not think that many others will.
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Keith M
Cle Elum
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The article did state that Winnebago made a profit the past four years. Fleetwood and Coachman have not. Fleetwoods stock has fallen by about 75% so investors dont have a lot of confidence in Fleetwood surving. I think the RV sales figure of 300,000 is rather optimistic. By the time the year is out a figure of 250,000 is more realistic. They are not going to sell the same number of units as three years ago. Nothing like trying to put some optimism on something where you cant even see the light at the end of the tunnel.
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crazyhorse
San Diego
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gonesouth wrote:--------------------------------------------------------------------------------
when you look at the sales graphs, the industry will sell as many in 2008 as three years ago, looks like too many manufacturers are geared up for big sales, not to make a profit on lower numbers.
reminds me of that commercial of those monkeys ahahahahah
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Gale Hawkins
Murray, KY
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The only problem is there is only room for 6 making MH's to stay cost effective. The MH industry is were the car companies were in the 40's and 50's but time will address the glut of builders. It is nothing to be concerned about but just a maturing industry.
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Leewhiz
Johnstown, NY
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The problem with a lot of these Mh manufacturer's are the cost of warranty repairs eating into the profits. If they would do a little better in the quality assurance area they won't need do so much rework/repair.
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Squealers
NW Arkansas
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I predict a congressional investigation into the domestic oil companies. It will be bloody and there will be many casualties.
Now, I am a free market economist. However I feel that if companies manipulate scenarios to artificially advance profits then "Houston we have a problem"
Profits from smart buying and selling = Free Market Economics
Profits from manipulation and fraud = Jail Time
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Daveinet
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Squealers wrote:I predict a congressional investigation into the domestic oil companies. It will be bloody and there will be many casualties.
Now, I am a free market economist. However I feel that if companies manipulate scenarios to artificially advance profits then "Houston we have a problem"
Profits from smart buying and selling = Free Market Economics
Profits from manipulation and fraud = Jail Time Price is driven by supply. Maybe the government should investigate themselves. They control access to the supply and have recently made decisions to dramatically limit it even more.
* This post was
edited 05/15/08 07:20am by Daveinet *
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gonesouth
Nova Scotia
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I hear they have just decided to stop adding to the strategic oil reserve. Duh!
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