Created Fri 20th Jun 10:50am PDT by
valornhonor
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Will one or more of these large 3 motor home makers cease operations during 2008?
Current forecast: 26% chance
12%
12%
Combining all predictions, the current forecast is that this is 26% likely to happen (down 12% in last 1 day)
Winnebago Industries, Fleetwood Enterprises and Thor Industries are all in a major slump. They have slimmed down, laid off employees, closed plants and sold facilities. Near term prospects look dim. Will any of them cease operations and stop building motor homes before 1/1/09
Background: http://www.reuters.com/article/ousiv/idUSN2042887320080620?pageNumber=3&virtualBrandChannel=0
Background: http://www.reuters.com/article/ousiv/idUSN2042887320080620?pageNumber=3&virtualBrandChannel=0
Settlement details:
As reported by a major mainstream news source.
Make your prediction!
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Activity: H$45,319
Question suspends in 3 weeks
Suspend date: Wed 31st Dec 11:59pm PST (3 weeks to go)
Initial likelihoods: Yes: 20%
Action history:
Created Fri 20th Jun 10:50am PDT by
valornhonor
Suspend date: Wed 31st Dec 11:59pm PST (3 weeks to go)
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Predictions (43)
43 predictions
Comments (6)
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score: 10
Boston Globe 11 hours ago
must incorporate advanced technologies to remain relevant and viable in a changing world,' said Paul Eskritt, president of Fleetwood's RV group. Dutchmen Manufacturing Inc., a unit of , showed off its EcoLogic, an 18-foot towable trailer whose walls,
score: 10
Wall Street Journal Online 2 days ago
Thor Industries Inc.'s (THO) fiscal first-quarter net income plunged 87% on sliding margins and lack of demand for its recreational vehicles. For the period ended Oct. 31, Thor reported net
score: 10
Houston Chronicle 2 days ago
RIVERSIDE, Calif., Dec. 2 /PRNewswire-FirstCall/ -- Fleetwood Enterprises' RV Group, a leading producer of recreational vehicles, today announced the debut of its new Terry Premier travel trailer at RVIA's 46th Annual National RV Trade Show in
score: 10
Houston Chronicle 2 days ago
RIVERSIDE, Calif., Dec. 2 /PRNewswire-FirstCall/ -- Fleetwood Enterprises' RV Group, a leading producer of recreational vehicles, today announced the unveiling of its first-ever Fleetwood Hybrid motor home concept vehicle during RVIA's 46th Annual
score: 10
Houston Chronicle 2 days ago
RIVERSIDE, Calif., Dec. 2 /PRNewswire-FirstCall/ -- Fleetwood Enterprises' RV Group, a leading producer of recreational vehicles, today announced that the Fleetwood MotorHome Association (FMA) will hold its 'Wind Your Way to Wyoming' national rally in
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176 settled, 114 voided




RV makers fall, survey shows motorhome sales down
updated 12:36 p.m. PT, Wed., Aug. 13, 2008
NEW YORK - Shares of recreational vehicle makers declined Wednesday after an Avondale Partners survey of 70 RV dealers showed motorhome sales plunged in June.
The 51.1 percent drop, compared with retail sales in the same month last year, is not unexpected considering the 23-month downturn in the RV market and a 54.4 percent decrease in wholesale shipments in June, the report said.
Winnebago Industries Inc. maintained the top position in motorhomes with 18.5 percent of the market share with Fleetwood Enterprises following closely behind at 16.1 percent.
But analyst Kathryn Thompson trimmed her estimate for Winnebago to 30 cents per share from 50 cents per share for the 2009 fiscal year, citing slowness in the motorhome industry. ... She noted that Pilgrim RV, which was the 15th largest towable manufacturer in the industry, went out of business last week.
On Thursday, August 28 pre-market, Fleetwood Enterprises Inc. (FLE) reported a loss of $0.42 ($0.41 cont. op) per share or $29.1 million vs. a loss of $0.04 per share or $2.3 million. $0.01 was due to discontinued operations. Revenue fell to $289.9 million from $488.3 million, down 41% vs. a year ago. Analysts expected a loss of $0.18 per share on $346.8 million in revenue, missing expectations more than double.
President and CEO Elden Smith stated: "Unfortunately, the rapid and accelerating decline of sales in the motor home industry during the first quarter caused heavy operating losses that were exacerbated by an aggressive discounting environment and downtime at our plants."
On August 20, Moody’s cut FLE’s rating to “junk” status. ... A year ago, FLE’s market cap was around $750 million, now it sits at 163 million, a testament to the power of the rise in oil prices as well as a tightening of financing available. Both units suffered severe losses, especially the RV unit, which is in the midst of the worst year of a four-year downtrend. A flooding of deeply discounted RV’s from now (and soon) out-of-business dealers should put tremendous pressure on FLE now and in the near future.
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