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Nasdaq and Dow Climb, RV Stocks Also Gain

February 26, 2001 by · Leave a Comment 

Speculation that the Federal Reserve will lower interest rates sometime before its next regularly scheduled meeting on March 20 fueled a rally on Wall Street Monday. Most RV stocks, including the Big 6 RV manufacturers – Fleetwood, Winnebago, Thor, Coachmen, Monaco and National RV – also posted gains. The Nasdaq climbed 46 points, or 2%, while the Dow Jones Industrial Average soared 201 points, or 1.9%, on Monday. Meanwhile, RV company stocks were mixed and here is a roundup of the activity: Fleetwood... Read more

Nasdaq and Dow Climb, RV Stocks Also Gain

February 26, 2001 by · Leave a Comment 

Speculation that the Federal Reserve will lower interest rates sometime before its next regularly scheduled meeting on March 20 fueled a rally on Wall Street Monday. Most RV stocks, including the Big 6 RV manufacturers – Fleetwood, Winnebago, Thor, Coachmen, Monaco and National RV – also posted gains. The Nasdaq climbed 46 points, or 2%, while the Dow Jones Industrial Average soared 201 points, or 1.9%, on Monday. Meanwhile, RV company stocks were mixed and here is a roundup of the activity: Fleetwood... Read more

Nasdaq Inches Up, RV Stocks Mixed

February 23, 2001 by · Leave a Comment 

A bout of buying late Friday afternoon saved the Nasdaq composite from closing at its lowest level since 1998 _ but not by much. The Nasdaq gained 15 points, or 0.7%, while the Dow Jones Industrial Average declined 87 points, or 0.8%, on Friday. Meanwhile, RV company stocks were mixed and here is a roundup of the activity Friday: Fleetwood declined 15 cents to close at $13.00 Winnebago gained 10 cents to close at $17.10 Thor declined 60 cents to close at $24.30 Coachmen gained 50 cents to close at... Read more

Nasdaq Inches Up, RV Stocks Mixed

February 23, 2001 by · Leave a Comment 

A bout of buying late Friday afternoon saved the Nasdaq composite from closing at its lowest level since 1998 _ but not by much. The Nasdaq gained 15 points, or 0.7%, while the Dow Jones Industrial Average declined 87 points, or 0.8%, on Friday. Meanwhile, RV company stocks were mixed and here is a roundup of the activity Friday: Fleetwood declined 15 cents to close at $13.00 Winnebago gained 10 cents to close at $17.10 Thor declined 60 cents to close at $24.30 Coachmen gained 50 cents to close at... Read more

Slideout Systems Supplier Sees 50% RV Sales Decline

February 23, 2001 by · Leave a Comment 

Actuant Corp., supplier of Power Gear brand leveling and slideout systems, warned Wall Street today (Feb. 23) that its second fiscal quarter revenue will be lower due to slow RV industry sales. “The majority of the shortfall is taking place in the RV market, where our sales are running 50% below last year’s record pace,” said Robert Arzbaecher, president and CEO of the Milwaukee-based company, formerly know as Applied Power Inc. “We had expected the year-to-year RV comparison... Read more

Slideout Systems Supplier Sees 50% RV Sales Decline

February 23, 2001 by · Leave a Comment 

Actuant Corp., supplier of Power Gear brand leveling and slideout systems, warned Wall Street today (Feb. 23) that its second fiscal quarter revenue will be lower due to slow RV industry sales. “The majority of the shortfall is taking place in the RV market, where our sales are running 50% below last year’s record pace,” said Robert Arzbaecher, president and CEO of the Milwaukee-based company, formerly know as Applied Power Inc. “We had expected the year-to-year RV comparison... Read more

Nasdaq Fall Continues, RV “Big 6″ Also Decline

February 22, 2001 by · Leave a Comment 

The Nasdaq composite’s losing streak continued Thursday and the stocks of the RV industry’s six largest firms (Fleetwood, Winnebago, Thor, Coachmen, Monaco and National RV) also declined. The Nasdaq fell 24 points, or 1.1%, on Thursday as investors continued to worry about the ability of tech stocks to hit their growth targets in the slowing economy. Meanwhile, the Dow Jones Industrial Average was essentially flat, gaining 0.2 points, or less than 0.1%. Here is a roundup of RV company stock activity... Read more

Nasdaq Fall Continues, RV “Big 6″ Also Decline

February 22, 2001 by · Leave a Comment 

The Nasdaq composite’s losing streak continued Thursday and the stocks of the RV industry’s six largest firms (Fleetwood, Winnebago, Thor, Coachmen, Monaco and National RV) also declined. The Nasdaq fell 24 points, or 1.1%, on Thursday as investors continued to worry about the ability of tech stocks to hit their growth targets in the slowing economy. Meanwhile, the Dow Jones Industrial Average was essentially flat, gaining 0.2 points, or less than 0.1%. Here is a roundup of RV company stock activity... Read more

RV Dealer Plans “Destination” Campground

February 22, 2001 by · Leave a Comment 

New Mexico RV dealer Jim Paxton plans to open a “destination campground” across the border in Texas around Labor Day because he could not get local zoning approval for his project in New Mexico. Paxton, owner of American RV & Marine and American Holiday RV Mart, both in Albuquerque, plans to develop a 500-acre site in Anthony, Tex., which would include a campground and a variety of retail amenities. Also, he will move his American RV & Marine dealership from Las Cruces, N.M.,... Read more

RV Dealer Plans “Destination” Campground

February 22, 2001 by · Leave a Comment 

New Mexico RV dealer Jim Paxton plans to open a “destination campground” across the border in Texas around Labor Day because he could not get local zoning approval for his project in New Mexico. Paxton, owner of American RV & Marine and American Holiday RV Mart, both in Albuquerque, plans to develop a 500-acre site in Anthony, Tex., which would include a campground and a variety of retail amenities. Also, he will move his American RV & Marine dealership from Las Cruces, N.M.,... Read more

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