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 > Manufacturers: who has staying power

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riggarob

Farmington, NH

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Posted: 06/15/08 09:47am Link  |  Quote  |  Print  |  Notify Moderator

Just thought I'd throw 'em up, to see what everyone thought. No hidden ajenda. Robbie


D & M wrote:

Price of stock is not relevent to anything. It's only the cost that one share in a company will fetch on any given day.

A better measure of the stoutness of a company is looking at thier balance and cash flow sheets.



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Beware of those who point their finger the LOUDEST !

Sully2

Cincinnati

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Posted: 06/15/08 10:21am Link  |  Quote  |  Print  |  Notify Moderator

I see Winnie and Fleetwood building bottom end and mid leverel coaches; CC and Monaco trimming down their lineups and building high midlevel and top level coaches. Tiffin MAY hang on by the skin of their teeth simply because the selection will be so small in the price point of coaches they will be building ( see Winnie and Fleetwood)

ForeTravel wont be here; Blue Bird ( RV) wont be around; Damon and Forest River will have long said Good-Bye.

Look at the really good coach builders that have already bit the dust a

* This post was edited 06/15/08 04:06pm by an administrator/moderator *


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BSPayne

Estero Florida USA

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Posted: 06/16/08 11:19am Link  |  Quote  |  Print  |  Notify Moderator

Something else that nobody has talked about yet that is killing the RV industry almost as much as fuel is the Banks. Getting a loan on an RV right now is only for the top tier credit risks. Somebody that may have been able to get a loan a year ago with a 650 credit score, won't even be considered for a loan now. Many banks have gotten out of the RV/Boat lending biz all together. Most banks know these are high risk loans for them currently. No money down loans are now almost a thing of the past.

GE Capitol was a big player in RV loans and now they are out of it. They do not floor-plan for dealers either which. has hurt or shut down a few dealers here in Florida and I'm sure the rest of the dealers in the USA.

By the way Fleetwood laid off 486 people Friday. I am also told by a friend in Nappanne that Newmar has shut down production until further notice. I'm hoping that is just a temporary thing, they shut down for two weeks around the fourth of July anyway. Lets hope this thing turns around soon.

Brian


Brian

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Posted: 06/16/08 11:35am Link  |  Quote  |  Print  |  Notify Moderator

Fleetwood will be around.. If they can still afford to pay NASCAR for advertising, why not! hehe


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taroach

Midwest

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Posted: 06/16/08 12:10pm Link  |  Quote  |  Print  |  Notify Moderator

In this order of financial/product power:
1. Thor - Debt Free, Tons of Cash, 20 Straight Years of Profit
2. Winnebageo - Debt Free, Class C Monster
3. Tiffin - Great Product, growing market share
4. Monaco
5. Jayco
6. Fleetwood

RVnTrout

Arkansas

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Posted: 06/16/08 12:13pm Link  |  Quote  |  Print  |  Notify Moderator

BSPayne wrote:

Something else that nobody has talked about yet that is killing the RV industry almost as much as fuel is the Banks. Getting a loan on an RV right now is only for the top tier credit risks. Somebody that may have been able to get a loan a year ago with a 650 credit score, won't even be considered for a loan now.

Brian


You must be selling RV's too. I had a 685 declined today and a couple applications with scores OVER 700 declined lately. Fortunately...some of these customers are able to handle the larger payments on short term loans through their own banks.

The banks are hurting us more than the gas prices.

427435

Rochester, Mn

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Posted: 06/16/08 01:57pm Link  |  Quote  |  Print  |  Notify Moderator

RVnTrout wrote:

BSPayne wrote:

Something else that nobody has talked about yet that is killing the RV industry almost as much as fuel is the Banks. Getting a loan on an RV right now is only for the top tier credit risks. Somebody that may have been able to get a loan a year ago with a 650 credit score, won't even be considered for a loan now.

Brian


You must be selling RV's too. I had a 685 declined today and a couple applications with scores OVER 700 declined lately. Fortunately...some of these customers are able to handle the larger payments on short term loans through their own banks.

The banks are hurting us more than the gas prices.




About time. If you can't pay cash for a toy (or at least 50% down), you should get along without it.


Mark
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BurmaShave

Minnesota

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Posted: 06/16/08 02:33pm Link  |  Quote  |  Print  |  Notify Moderator

United Airlines and General Motors will be gone in 2 years. GM will be taken over.
UAL will merge then just go out of business.

Fleetwood, Monaco and all Class A's , will be bought up too , and all disappear in favor of European 'Caravans' ...

Think it wont happen ?

And NASCAR wont ever have Toyota engines across the board eihter.

REWahoo

Texas

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Posted: 06/16/08 03:15pm Link  |  Quote  |  Print  |  Notify Moderator

Rich_in_Florida wrote:

If you were buying a nice Class A today, which manufacturers would you speculate will be here 10 years from now? It's not a small question given the stresses the industry is under.

Of course, nobody can do more than guess, but... I'm thinking Winnebago and Forest River seem to have deep funding from what I read.

Anyone have a sense of who's got staying power?


Rich, you don't need anyone to answer this question for you. Since you'll continue to put off buying that Class A until next year, and then one more year, then one more year - you'll know who'll be around in 10 years. Then you can ask, "Before I buy a Class A, which manufacturers will be around..."

riggarob

Farmington, NH

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Posted: 06/16/08 09:50pm Link  |  Quote  |  Print  |  Notify Moderator

Well, throw this in the overall mix. Who'd a thunk it !!?? Robbie

Budweiser: The finest beer from Oostende to Genk. If that doesn't sound right to you, you're not alone. InBev's $46 billion offer for Anheuser-Busch (BUD) made some Americans wince. How could the quintessential U.S. beer company be owned by a Belgian outfit?

Since the announcement on June 11, opponents of the proposed buyout have launched Web sites and petitions to scuttle the sale. The site SaveAB.com calls the company "an American original," in league with baseball and apple pie. According to the Associated Press, the site was founded by the former chief of staff to Missouri Governor Matt Blunt. Blunt directed the state's Economic Development Dept. to find a way to keep Anheuser-Busch in American hands. And Senator Kit Bond (R-Mo.) urged U.S. Attorney General Michael Mukasey to scrutinize the deal closely for antitrust concerns because it would put "a significant market share of the U.S. in the hands of fewer competitors."

Blunt is obviously concerned about jobs in his home state, as are many of the people opposed to the sale. (Although apparently not many investors: Anheuser-Busch's stock price rose by $3.05, or 5%, to 61.40 on the news. The offer works out to $65 per share.) But the campaign against InBev (INTB.BR) has taken on a distinct nationalistic tone. Anheuser-Busch has successfully marketed Budweiser as the consummate American beer. InBev attempted to address concerns about foreign ownership in its offer letter to Anheuser-Busch, calling the Budweiser brand "iconic" and promising to position it as the company's "global flagship brand." The company has pledged not to close any of Anheuser-Busch's 12 breweries.




BurmaShave wrote:

United Airlines and General Motors will be gone in 2 years. GM will be taken over.
UAL will merge then just go out of business.

Fleetwood, Monaco and all Class A's , will be bought up too , and all disappear in favor of European 'Caravans' ...

Think it wont happen ?

And NASCAR wont ever have Toyota engines across the board eihter.


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