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RichieRich49

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RichieRich49

Re: Supergarvis post# 2448

Monday, 05/18/2009 11:34:34 PM

Monday, May 18, 2009 11:34:34 PM

Post# of 3325
Yes, this is great news! The RV division has been a money loser for them since 2001. They make great products but not profitable in the current business climate. They will retain the main plant in Riverside, so I will be interested if they will still manufacture RVs under the Fleetwood name.

$53M is higher than what Monaco received and am hoping for higher offers during the auction.

Who knows, maybe they will receive enough money to emerge from BK and continue with the MFG. housing division.

The $534M mentioned is their total liabilities, not their debt.
Long term debt according to the most recent 10Q is $176M of which $109M is current.
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