Rec. USA Gets $44.5 Million Floorplan Loan

Holiday RV Superstores Inc., the Florida-based dealership chain that does business as Recreation USA, has secured $44.5 million in floorplan financing from the Bank of America (BOA) Specialty Group. The BOA financing raises Recreation USA’s floorplan credit limit up to $80 million. Recreation USA will use the additional capital to expand its inventory and product depth. “A floorplan facility of this size demonstrates Bank of America’s confidence in our ability to execute our plan to consolidate... Read more

Timberland Plans Fifth-wheel Series for Louisville

Timberland RV Inc., a manufacturer of 25- to 33-foot entry level travel trailers, recently celebrated its first anniversary with an employee picnic at its 17-acre facility near Peru, Ind. During the gathering, President Mark Gerber said he is satisfied with Timberland’s progress over the past year and, specifically, with the effort of the company’s 132 employees. “We’re very pleased, particularly if you look at what’s happened in the marketplace since the first of the year,”... Read more

Carriage Triples Meeting Order Volume

Workers and executives at Carriage Inc., Millersburg, Ind., have been unusually busy the last few weeks because of strong order volume during the company’s dealer meeting in Indianapolis in late July, according to Peter Recchio, director of sales and marketing. Order volume during the meeting was three-times greater than the company had ever experienced, Recchio said. Prior to this year, Carriage’s best dealer meeting, in terms of order volume, occurred in the early 1990s, he said. Carriage has... Read more

Most RV Stocks Marginally Higher

Most RV company stocks posted marginal gains Tuesday, off-setting the marginal losses they incurred Monday. Meanwhile, the broader market was mixed with the Nasdaq composite gaining 12 points, or 0.3%, while the Dow Jones Industries Average declined 38 points, or 0.3%, on Tuesday. The market had little response to the announcement Tuesday that Holiday RV Superstores received $44.5 million in inventory financing from Bank of America. Holiday RV was down 1/16 to close at 4 1/4 Tuesday. Here is a round... Read more

Tech Stocks Up, Most RV Stocks Close Lower

The Nasdaq composite index nudged into positive territory for 2000 on Monday, but most RV company shares declined marginally. The Nasdaq gained 28 points, or 0.7%, while the Dow Jones Industries Average climbed 60 points, or 0.5%, on Monday. Investors returned to the fast-growing large technology companies that powered the bull market in 1999 to propel the Nasdaq into the plus column for this year. Here is a round up of RV company stock activity on Monday: Fleetwood declined 1/4 to close at 13 7/8 Winnebago... Read more

ARVC Con/Expo to Spotlight Education Opportunities

A host of educational opportunities will highlight this year’s National Association of RV Parks & Campgrounds (ARVC) 34th Annual ARVC Convention & Expo, Nov. 1-4 at the Disneyland Hotel & Convention Center, Anaheim, Calif. “This is a terrific opportunity to get together with other members of the industry and to learn from others,” said Linda Profaizer, ARVC Senior vice president/COO. Author T. Scott Gross will be the speaker during the opening luncheon and general session... Read more

College Credit for RV Maintenance

California’s Sacramento City College is offering courses on RV maintenance for college credit beginning Sept. 9. The college is offering four courses that meet on Saturdays from 8 a.m. to 4:30 p.m. for one credit unit each. Each course will include 18 hours of lecture. There are no prerequisities. The course on RV electrical systems meets Sept. 9 and Sept. 16 and the RV waste and fresh water systems course meets Sept. 30 and Oct. 7. The RV propane systems course meets Oct. 21 and Oct. 28 and the... Read more

College Credit for RV Maintenance

California’s Sacramento City College is offering courses on RV maintenance for college credit beginning Sept. 9. The college is offering four courses that meet on Saturdays from 8 a.m. to 4:30 p.m. for one credit unit each. Each course will include 18 hours of lecture. There are no prerequisities. The course on RV electrical systems meets Sept. 9 and Sept. 16 and the RV waste and fresh water systems course meets Sept. 30 and Oct. 7. The RV propane systems course meets Oct. 21 and Oct. 28 and the... Read more

Morgan Keegan Lowers Monaco EPS Estimate

Investment firm Morgan Keegan & Co. lowered its earnings per share estimates for Monaco Coach Corp. for 2000 and 2001, but it continues to recommend that investors buy Monaco stock. Morgan Keegan now believes Monaco will earn $2.47 a share this year and $2.78 a share in 2001. Earlier, Morgan Keegan estimated Monaco would earn $2.55 this year and $2.87 next year. “These lower estimates reflect industry-wide weakness in wholesale shipments of motorhomes,” said David Tannehill, the... Read more

Most RV Stocks Close Higher

Most RV company stocks closed higher on what was a quiet day for the broader stock market. The Nasdaq composite declined 11 points. Or 0.3%, and the Dow Jones Industries Average climbed 10 points, or 0.1%, on Friday. One RV firm having an exceptionally good Friday was National RV, which gained 3/4, or 8%, to close at 10 1/8. Heading in the opposite direction was SMC, which declined 3/8, or 11%, to close at 2 15/16. Neither National RV nor SMC issued news reports Friday to account for the stock price... Read more

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