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Wednesday, 01/07/2009 11:17:29 PM

Wednesday, January 07, 2009 11:17:29 PM

Post# of 3325
I believe that we will see more consolidation in the RV industry. That will be the only way that some of the companies can survive. And the strong ones can absorb smaller rivals very cheaply. Someone could buy up Fleetwood for a song because the market cap is only about $16M but they are reluctant because they do not want the $177M in debt that goes with it. That level of debt is manageable for a billion dollar company but becomes less so as the revenues drop.

Fleetwood could do what Coachmen did and spin off their RV division and keep the mfg housing which has not been hammered like RVs.

So please someone throw us a bone here and buy us!

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