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 > Wall Street Journal today: Rocky Road Ahead for RV Makers

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Acampingwewillgo

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Posted: 01/02/19 04:33pm Link  |  Quote  |  Print  |  Notify Moderator

Not totally related but I was looking for a particular brand of motorhome not knowing the manufacturer. After a bit of looking, I ended up on the "Forest River" Web site. All I can say is...WOW on the number of RV's in general made by this one company which I'm sure has gobbled up the smaller brands as they have become larger.


Just found it interesting but sad at the same time.


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mike brez

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Posted: 01/02/19 04:45pm Link  |  Quote  |  Print  |  Notify Moderator

Acampingwewillgo wrote:

Not totally related but I was looking for a particular brand of motorhome not knowing the manufacturer. After a bit of looking, I ended up on the "Forest River" Web site. All I can say is...WOW on the number of RV's in general made by this one company which I'm sure has gobbled up the smaller brands as they have become larger.


Just found it interesting but sad at the same time.


Warren Buffet has some cash


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colliehauler

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Posted: 01/02/19 05:56pm Link  |  Quote  |  Print  |  Notify Moderator

Acampingwewillgo wrote:

Not totally related but I was looking for a particular brand of motorhome not knowing the manufacturer. After a bit of looking, I ended up on the "Forest River" Web site. All I can say is...WOW on the number of RV's in general made by this one company which I'm sure has gobbled up the smaller brands as they have become larger.


Just found it interesting but sad at the same time.
Same story with Keystone-Thor.

theoldwizard1

SE MI

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Posted: 01/02/19 06:16pm Link  |  Quote  |  Print  |  Notify Moderator

There is a General RV on I96 in Wixom MI. I was always amazed at the huge stock of high end Class A coaches they had in stock. Went by there there a week ago and the front lot is EMPTY ! Nada, nothing. Looked pretty scary.

minnow

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Posted: 01/02/19 07:18pm Link  |  Quote  |  Print  |  Notify Moderator

mike brez wrote:

Acampingwewillgo wrote:

Not totally related but I was looking for a particular brand of motorhome not knowing the manufacturer. After a bit of looking, I ended up on the "Forest River" Web site. All I can say is...WOW on the number of RV's in general made by this one company which I'm sure has gobbled up the smaller brands as they have become larger.


Just found it interesting but sad at the same time.


Warren Buffet has some cash


It's just too bad be doesn't want to reinvest any of that cash into building a better RV.

Acampingwewillgo

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Posted: 01/02/19 08:03pm Link  |  Quote  |  Print  |  Notify Moderator

I can wholeheartedly agree with that....there are enough badly designed and worsely assembled around.

Dave H M

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Posted: 01/03/19 03:28am Link  |  Quote  |  Print  |  Notify Moderator

The info in this post doesn't surprise me one bit.

I always wondered how big that bubble could get.

T18skyguy

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Posted: 01/03/19 10:18am Link  |  Quote  |  Print  |  Notify Moderator

Yesterday I went to an RV show at out local fairgrounds. It was put on by the largest dealer in our area. There were hundreds of RV's at all price levels. It was a beautiful sunny day(rare this season in Oregon), and at 1PM there wasn't more than a couple dozen people there, and there was no entrance fee either. The salesman were so bored, they just hung out with each other drinking coffee. I looked in most all class A's. One interesting thing is Winnie has introduced a European style interior in one of their class A's. The cabinets are an all a shiny ceramic look. No wood to be found, unless it's beneath the surface.


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WTP-GC

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Posted: 01/03/19 12:43pm Link  |  Quote  |  Print  |  Notify Moderator

I don't see what all the hype is about. These companies (Thor, Winnebago, Forest River, etc.) are all dealing with complex financial strategies that likely confuse most of us. Heck, I own a fairly prolific business and even I struggle to understand the maneuvering that takes place at companies like this.

Keep in mind that this is nothing more than a blip on the map for financial readings. A one quarter or one year period isn't how any prudent investor judges the long term viability of any particular market.

There are new tax laws that went into place last year and this year. The strategies for behemoth corporations like this have to change in order to guarantee maximum profit for the stakeholders. The quote about Thor having an 80% drop in pre-tax profits (actually an oxymoron because corporations judge true profit as what's left over after taxes) may seem monumental to most people, but that might actually meant that they stand to make the same or more profit at year end due to tax strategies.

All I'm saying here is...nothing to see, move along.


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gemsworld

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Posted: 01/04/19 08:51am Link  |  Quote  |  Print  |  Notify Moderator

WTP-GC wrote:


All I'm saying here is...nothing to see, move along.


We'll see if you're right a year from now.





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