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Monaco was as high as .11 today. What is up? It has gone from .01 to .11 since filing BK.
I am in FLEWE since before BK and it is stuck around .013. I think that it will have a pop soon too.
it might again after some more dumping, did they give it the new symbol yet?
It already did from .01 to .05
now BK
it ll drop hard tomorrow
MK
might get a dead cat
RV maker Monaco Coach files for Chapter 11
Thursday March 5, 7:32 pm ET
RV maker Monaco Coach seeks Chapter 11 bankruptcy protection as it explores sale
COBURG, Ore. (AP) -- Recreational vehicle maker Monaco Coach Corp., which has seen sales plunge amid the recession, said Thursday it has filed for Chapter 11 bankruptcy protection.
The company said it plans to continue operating as it prepares to sell off parts or all of its business.
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The RV maker, which sent termination notices to nearly all its remaining employees earlier this week after an unsuccessful 20-month turnaround effort, said it owes between $100 million and $500 million and has assets in the same range.
The Coburg, Ore.-based company estimated it has between 25,000 and 50,000 creditors.
"We understand how difficult the events of the past several months have been on everyone at the company, and we recognize the changes personally affect many people," Monaco Coach Chairman and Chief Executive Kay Toolson said in a statement. "Further, we understand and deeply regret the effect of the action taken today on vendors and others with whom we have business relationships."
Monaco Coach has been hammered by the continued downturn in demand for its RVs. The company's products, which include the Monaco, Holiday Rambler, Safari, Beaver, McKenzie, and R-Vision brand names along with several motorhome-only resorts, are tied closely to consumer confidence, which has hit historical lows amid the recession and rising unemployment.
Earlier this year, the company said it hired Imperial Capital LLC to explore strategic alternatives, including a possible joint venture or merger.
Monaco Coach said Thursday it is continuing to work with Imperial Capital.
MCOA pink now at .02
MK
so much for strategic alternatives ? wow
Monaco Coach Corporation Has Provided Termination Notices to the Majority of Its Remaining Workforce
http://ih.advfn.com/p.php?pid=nmona&cb=1236025930&article=36470448&symbol=NY%5EMNC
Last Price (USD) $ 0.069
Change -0.391 (-85.00%)
Bid 0.0631
Ask 0.069
Volume 5,168,161
Day's Range 0.0599 - 0.45
it made a nice run a couple weeks ago but now, it's in trouble. the latest 8-k shows a severe lack of cash.
debt is already 75 mil.
they need to execute one of the "strategic alternatives" soon.
watching for a cheap entry but in no rush
thanks for the heads up, Ive got this back on my radar now.
i think that sweet spot is coming back soon.
will be interesting to see what the company does in terms of strategic moves.
looks like I missed the sweet spot to buy in, oh well, i'll keep my eye on it though.
Monaco Coach Corporation Announces Engagement of Imperial Capital ...
CNNMoney.com - 2 hours ago
Monaco Coach Corporation (NYSE: MNC), one of the nation's leading manufacturers of recreational vehicles, announced today that it has engaged Imperial ...
Monaco Coach to explore strategic options Reuters
Monaco Coach seeks options to improve liquidity Forbes
Monaco Coach considers strategic options MarketWatch
on (edit) Wednesday the pps spiked from .50'ish to over .80 is less than 15 minutes on small volume and then back to .50's proving a very small float,
Prescott Capital holds indirectly 4,633,497 shares of Common Stock of Monaco Coach Corporation through the account of the Master Fund, of which the Prescott Capital is the Investment Manager
521,551 bought in the last 4 days
http://finance.aol.com/company/monaco-coach-corporation/mnc/nys/4/09502124/html/sec-filings
http://www.mffais.com/mnc.html--If i subtract every share on this list from the o/s i end up with 5,652,278 shares leftover now factor in that prescott owns the above and your left with 1,018,781 shares.
This doesnt include whatever shares are held by management, my point is that the true float here is very small, we have insider buying and the chart looks very good.(JMHO)
not to mention short squeeze .com says there is Short Interest (Shares Short) 1,072,900
http://www.shortsqueeze.com/?symbol=mnc
The run here the other day could have been the shorts covering, but this is definately one to watch (JMHO)
same with you, hope we make some nice money here, TM.
This came up on my dd tonight, nice to see i'm not alone here, and that an actual board exsists. best of luck
up 17% and the sto is still below 20, I didnt get in yet, but monday I might, it still has room to go, imo.
the 26.75M float must be retaining a high level of institutional ownership, otherwise the stock wouldn't be reacting this way on such little volume.
I was watching when it happened, it was down 15%, then a few minutes later I looked and it was at .80, then closed back down, strange, is this a low floater?
MNC 1-day. Look at the intraday spike.
I loaded up on aht, but im going to get some here too, It looks like the bottom was in yesterday, should be good to go!
i've been buying this morning...
i agree, and you're not missing out because it's down today.
I'll be taking a position as soon as tomorrow also.
higher prices on the way for Monaco.
this looks like its at bottom, I cant buy in until tomorrow when funds clear.
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MCOAQ — Monaco Coach Corp.
Monaco Coach Corp.
91320 Coburg Industrial Way
Coburg, OR 97408
United States - Map
Phone: 541-686-8011
Fax: 541-681-8899
www.monaco-online.com
[chart]profitspi.com/stock-chart-str.aspx?id=MCOAQ&ca=1280833001[/chart]
* Says issues non-binding letter of intent
* Says letter contemplates deal by mid-April
March 26 (Reuters) - U.S. truck and engine maker Navistar International Corp (NAV.N: Quote, Profile, Research, Stock Buzz) said it has issued a non-binding letter of intent to buy certain assets and assume certain liabilities of bankrupt recreational-vehicle maker Monaco Coach Corp (MCOAQ.PK: Quote, Profile, Research, Stock Buzz).
"The letter of intent contemplates that Navistar and Monaco will work to sign a definitive asset purchase agreement by mid-April," the statement said.
Monaco had said in a bankruptcy court filing on Wednesday that it had received a letter of intent for the purchase of its business related to its core RV manufacturing business for $50 million from "a major public company."
Monaco said in the court filing that the sum would be payable in cash or stock of the acquirer.
Navistar said in a statement that the Monaco assets would help expand its diesel business and would complement its Workhorse custom chassis business.
The statement added that Monaco was working with other interested parties on the acquisition of its Motorhome Resorts segment and other assets.
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