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Drew Increases Stock Buy-back Offer

May 31, 2000 by · Leave a Comment 

Drew Industries Inc., parent of RV industry supplier firms Kinro and Lippert, has agreed to nearly triple the size of its stock buy-back offer. Drew announced after the stock market closed Wednesday that it is willing to buy up to 1.3 million of its own shares. Earlier, Drew said it would buy-back 500,000 of its own shares. The buy-back would be accomplished through a “self-tender offer” in which Drew is offering to pay $8 a share. Drew stock closed at $7 a share on Wednesday. Wednesday... Read more

Drew Increases Stock Buy-back Offer

May 31, 2000 by · Leave a Comment 

Drew Industries Inc., parent of RV industry supplier firms Kinro and Lippert, has agreed to nearly triple the size of its stock buy-back offer. Drew announced after the stock market closed Wednesday that it is willing to buy up to 1.3 million of its own shares. Earlier, Drew said it would buy-back 500,000 of its own shares. The buy-back would be accomplished through a “self-tender offer” in which Drew is offering to pay $8 a share. Drew stock closed at $7 a share on Wednesday. Wednesday... Read more

Broader Markets Quiet, RV Stocks Mixed

May 31, 2000 by · Leave a Comment 

RV company stocks were mixed Wednesday while the broader markets were quite. The Nasdaq composite index declined 58.6 points, or 1.7%, while the Dow Jones Industrial Average dipped 4.8 points, or 0.05%, on Wednesday. Fleetwood reported sharply lower fourth fiscal quarter earnings on Wednesday primarily due to the sluggish manufactured housing market and a softer-than-expected motorhome market during the three months ended April 30. However, the stock market had little reaction because Fleetwood warned... Read more

Broader Markets Quiet, RV Stocks Mixed

May 31, 2000 by · Leave a Comment 

RV company stocks were mixed Wednesday while the broader markets were quite. The Nasdaq composite index declined 58.6 points, or 1.7%, while the Dow Jones Industrial Average dipped 4.8 points, or 0.05%, on Wednesday. Fleetwood reported sharply lower fourth fiscal quarter earnings on Wednesday primarily due to the sluggish manufactured housing market and a softer-than-expected motorhome market during the three months ended April 30. However, the stock market had little reaction because Fleetwood warned... Read more

FMCA Aims to Raise Profile

May 31, 2000 by · Leave a Comment 

Family Motor Coach Association (FMCA) intends to become more of a “voice” in industry and government discussions that promote quality, safety and mechanical and technological effectiveness in motorhomes, according to a consultant working with the Cincinnati-based organization. Pat Walker Hickman, principal partner with Tecker Consultants LLC, made the observation in an article in the May issue of FMCA’s Family Motor Coaching magazine, in which she outlined portions of FMCA’s... Read more

FMCA Aims to Raise Profile

May 31, 2000 by · Leave a Comment 

Family Motor Coach Association (FMCA) intends to become more of a “voice” in industry and government discussions that promote quality, safety and mechanical and technological effectiveness in motorhomes, according to a consultant working with the Cincinnati-based organization. Pat Walker Hickman, principal partner with Tecker Consultants LLC, made the observation in an article in the May issue of FMCA’s Family Motor Coaching magazine, in which she outlined portions of FMCA’s... Read more

Fleetwood Reports Sharply Lower Earnings

May 31, 2000 by · Leave a Comment 

A sluggish manufactured housing market and a slowdown in motorhome sales were the main reasons given for Fleetwood Enterprises Inc. reporting its earnings declined 53% during the fourth quarter of its fiscal year 2000, which ended April 30. The company earned $11.4 million during the February-through-April period, compared with $24.5 million earned a year earlier. During its entire fiscal year 2000, Fleetwood earned a total of $83.5 million, a 22% decline from the $107.1 million it earned during... Read more

Fleetwood Reports Sharply Lower Earnings

May 31, 2000 by · Leave a Comment 

A sluggish manufactured housing market and a slowdown in motorhome sales were the main reasons given for Fleetwood Enterprises Inc. reporting its earnings declined 53% during the fourth quarter of its fiscal year 2000, which ended April 30. The company earned $11.4 million during the February-through-April period, compared with $24.5 million earned a year earlier. During its entire fiscal year 2000, Fleetwood earned a total of $83.5 million, a 22% decline from the $107.1 million it earned during... Read more

Nasdaq Climbs, Most RV Stocks Decline

May 30, 2000 by · Leave a Comment 

The downward trend in RV company stock prices continued Tuesday despite a sharp increase in the Nasdaq composite index. The Nasdaq soared 254 points, or 7.9%, Tuesday as bargain hunters gobbled-up technology stocks. The Dow Jones Industrial average also climbed 228 points, or 2.2%, Tuesday mainly because of investors buying financial services company stocks. Meanwhile, among RV-related firms, Spartan Motors declined 1/4 on Tuesday despite declaring a 7 cents a share special dividend. Spartan Motors... Read more

Nasdaq Climbs, Most RV Stocks Decline

May 30, 2000 by · Leave a Comment 

The downward trend in RV company stock prices continued Tuesday despite a sharp increase in the Nasdaq composite index. The Nasdaq soared 254 points, or 7.9%, Tuesday as bargain hunters gobbled-up technology stocks. The Dow Jones Industrial average also climbed 228 points, or 2.2%, Tuesday mainly because of investors buying financial services company stocks. Meanwhile, among RV-related firms, Spartan Motors declined 1/4 on Tuesday despite declaring a 7 cents a share special dividend. Spartan Motors... Read more

Consumer Confidence Near Record High in May

May 30, 2000 by · Leave a Comment 

Consumer confidence surged in May to a near-record level despite a volatile stock market and higher interest rates, according to The Conference Board, a non-profit business membership and research organization. “With unemployment at a 30-year low and the short-term Conference Board forecast projecting favorable labor market conditions, confidence is expected to remain strong through the summer,” said Lynn Franco, director of The Conference Board’s Consumer Research Center. The percentage... Read more

Consumer Confidence Near Record High in May

May 30, 2000 by · Leave a Comment 

Consumer confidence surged in May to a near-record level despite a volatile stock market and higher interest rates, according to The Conference Board, a non-profit business membership and research organization. “With unemployment at a 30-year low and the short-term Conference Board forecast projecting favorable labor market conditions, confidence is expected to remain strong through the summer,” said Lynn Franco, director of The Conference Board’s Consumer Research Center. The percentage... Read more

KOA to Cater to Web Surfers

May 30, 2000 by · Leave a Comment 

Internet aficionados will soon be able to surf the Web at more than 100 Kampgrounds of America (KOA) facilities, according to Darwin Networks, the company hired to provide high-speed Internet access to public kiosks on KOA campgrounds. “KOA’s association with Darwin Networks has, thus far, proven to be a giant step towards our goal of providing our camping customers with Internet connectivity while they’re away from home and office on a camping trip,” said Dave Nusbaum, vice president... Read more

KOA to Cater to Web Surfers

May 30, 2000 by · Leave a Comment 

Internet aficionados will soon be able to surf the Web at more than 100 Kampgrounds of America (KOA) facilities, according to Darwin Networks, the company hired to provide high-speed Internet access to public kiosks on KOA campgrounds. “KOA’s association with Darwin Networks has, thus far, proven to be a giant step towards our goal of providing our camping customers with Internet connectivity while they’re away from home and office on a camping trip,” said Dave Nusbaum, vice president... Read more

Spartan Motors to Pay Special Dividend

May 30, 2000 by · Leave a Comment 

Diesel pusher chassis supplier Spartan Motors Inc. announced today it will pay a special 7 cents a share dividend on July 7. The special dividend will be payable to shareholders of record as of June 7. Additionally, Spartan Motors announced that it has repurchased 942,000 of its owns shares for an average of $4.13 a share. The company is authorized to buy-back up to 2 million of its own shares. The 942,000 shares were purchased in open market transactions. Spartan Motors also announced today that... Read more

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