123mike456
California
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Joined: 09/09/2006
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Fleetwood stock today traded at $0.74, I was intrested in their C model but am now afraid that they may fail and thus no warrenty, parts etc. Are my fears warrented or am I worried about nothing?
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gouda
NW WI
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Joined: 02/04/2007
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Stocks are off everywhere, not just Fleetwood. I'd be a lot more worried about being solvent personally in this economy. I would not hesitate to buy for that reason. Remember they for the most part assemble parts from many suppliers who have their own warranties. We just went through this as well and bought. Just glad fuel is dropping like a rock.
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PapPappy
Wilmington, NC
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You might want to look at it as your purchase helping the company survive! These same concerns could address just about any product you have purchased in the past year. The "big three" auto makers are constantly in the red, and yet they are still in business.
I realize that there is a difference, but I think that Fleetwood is large enough, and diversified enough to weather this storm. And, as mentioned, most of the things that you would worry about the warranty (refrigerator, A/C, water heater, etc.) are under warranties from their own manufacturers.
Of course, with the slow economy, they might be in trouble too!
It might also be a great time to buy some Fleetwood Stock!
JMHO!
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dleslie125
Southern Ontario/Palmetto FL in Winter
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Fleetwood trading has been halted. Will be interesting to see what happens in the morning.
Monaco is also down - from a high of about $14 in the past year to $1.45. Is that a buying op or can it disappear.
Winnie is down to $10 from $30 earlier this year.
Can Warren Buffet buy up the entire industry?
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want-a-be
Indiana
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Can Warren Buffet buy up the entire industry?
Only if he wants too.
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ron.dittmer
Near Chicago
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Our first RV we owned for 24 years. The company went out of business our 3rd year of ownership. It was no big deal to find parts. Most RV parts can be found elsewhere. After-all that is where the RV companies get them from.
My advise is to buy what you like at the price you are willing to pay, and don't worry if the company will be there for the duration of your ownership.
Bought new in June 2007, Phoenix Cruiser-2350
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dleslie125
Southern Ontario/Palmetto FL in Winter
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want-a-be wrote:Can Warren Buffet buy up the entire industry?
Only if he wants too.
With Fleetwood down at 55 cents now and Monaco at $1.45, he could buy a huge slice of the industry to add to FR without spending a lot.
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Home Skillet
Pearland Texas
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Joined: 10/21/2004
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Tax payers can always bail them out.
Ford stock was at $2.14 today.
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John S.
Northern Virginia
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I fear for both Fleetwood and Monanco. THey both are on the precipice and a slight push will send them over. If you look at the sales being down over 50 percent for over a year now and no recovery in sight for the next year, it will be tough to survive. We need to cut more capacity out o the system. I fear that we will loose a couple more before we are done. Who will be standing is the question. I think they will be the smaller more nimble ones with lower overhead. Look at NEwell and Foretravel and CC has just done the same thing cut way back but needed a huge cash infusion so they will probably make it. The others (particularly MNC and Fleetwood ) are up in the air.
John
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ron.dittmer
Near Chicago
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I feel any company (RV or otherwise) that issued stock is in big trouble. Those that are privately owned have a better chance at survival.
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