Equity Lifestyle Properties Reports 4Q FFO Falls

Equity LifeStyle Properties Inc. reported fourth quarter Funds From Operations (FFO) of $20.6 million compared to $21.8 million in the same period last year. RTT News reported that net income available to common stockholders totaled $0.0 million versus $4.7 million in the year-ago quarter. Property operating revenue for the quarter was $110.33 million compared with $91.08 million in the previous year period. The Chicago-based real estate investment trust also announced that it will be separating... Read more

Fleetwood’s Stock Listed on OTC Bulletin Board

Fleetwood Enterprises, Inc. announced today (Jan. 27) that its common stock is now also quoted on the OTC Bulletin Board under the symbol FLTW.OB, as well as on the Pink Sheets. The NYSE suspended trading on shares of the recreational vehicle and manufactured housing builder on Jan. 5. The company was informed that it wasn’t in compliance with NYSE requirements. Fleetwood stock ended Monday’s trading at 10 cents per share.  Read More →

250 Expected at ‘Rev Up in Reno’ Convention

Organizers are hoping for a turnout of at least 250 people to the “Rev Up in Reno” campground convention March 2-4 at John Asucaga’s Nugget in Reno, Nev. The California Association of RV Parks and Campgrounds (CalARVC) is lead association among four state organizations sponsoring this first-ever Western conference of campgrounds groups. The other three sponsors are the Oregon Campground Association, the Arizona Association of RV Parks and Campgrounds and Idaho RV Campgrounds Association. Campground... Read more

Elkhart Mayor Expects Piece of Stimulus Funds

After a day in the nation’s capital, Elkhart, Ind., Mayor Dick Moore said he’s confident the city will not be forgotten as a federal economic stimulus plan takes shape in the coming weeks. “I do believe that help is on the way,” Moore said at a Monday (Jan. 26) press conference. As reported by the Elkhart Truth, Moore and two members of his administration traveled to Washington last week, and met with U.S. Rep. Joe Donnelly, D-Granger, and staff of U.S. Senators Evan Bayh... Read more

January Consumer Sentiment Hits Record Low

U.S. consumer confidence fell to a record low in January as a downtrodden housing sector and worsening job prospects kept the country in a somber mood, according to a Reuters report. The Conference Board, an industry group, said its sentiment index fell to 37.7 from a revised 38.6 in December, confounding forecasts for a small uptick. “Consumers remain quite pessimistic about the state of the economy,” said Lynn Franco, director of The Conference Board Research Center. “Until we... Read more

Stag-Parkway Trade Show Focuses on Solutions

The 2009 Stag-Parkway Inc. Business Solutions Trade Show Jan. 20-22 at the Paris Hotel and Casino in Las Vegas, Nev., featured 150 suppliers and showcased a number of business solutions that are available to dealerships from the RV industry’s leading aftermarket parts and accessories distributor. “I have to say that everybody here was very pleased with the tenor of the event,” John Spaulding, senior vice president of merchandising for Stag-Parkway, told RVBusiness. “For the most part, the... Read more

Thor: Still Business as Usual with FreedomRoads

News late last week that the nation’s largest recreational vehicle manufacturer, Thor Industries Inc., was loaning $10 million as working capital to the country’s biggest RV retailer, FreedomRoads LLC, actually represents little change in the ongoing relationship between the two industry leaders, reports Thor COO Richard “Dicky” Riegel III. Even though FreedomRoads President Marcus Lemonis last week confirmed that Thor would become a “preferred vendor” for the 77-store retail chain as... Read more

Coachmen Issues Cautionary Statement on 4Q

Coachmen Industries Inc. today (Jan. 26) issued a cautionary statement regarding its fourth-quarter results. “We will be releasing our financial results for the full year 2008 and the fourth quarter of 2008 in February,” said president and CEO, Rick Lavers. “However, there have been so many changes and events during the fourth quarter of 2008 that our results will appear to be unusual. We anticipate our Housing Group will show a modest profit for the full year 2008, despite losses in the... Read more

GE Capital an Achilles Heel for Conglomerate

General Electric Co. reported a 44% drop in quarterly profit Friday (Jan. 23) on weakness at GE Capital and its lighting and appliance units, and warned that 2009 would be “extremely difficult.” Reuters reported that its shares tumbled nearly 11% to their lowest point since early 1996 as investors continued to worry about the U.S. conglomerate’s ability to maintain its dividend. GE Capital – the company’s Achilles heel for the past year – remained the biggest drag on its... Read more

Avondale Outlines Outlook for Thor, Drew

Kathryn Thompson, analyst for investment firm Avondale Partners LLC, recently met with management for builder Thor Industries Inc. and Drew Industries Inc., parent to key industry suppliers Lippert Components Inc. and Kinro Inc. In summary, Thompson stated in a note to investors: “After spending time earlier in the week with Drew and Thor, we remain confident that both companies will survive the current market downturn. As both company’s noted in meetings, the tough thing right now is timing... Read more

« Previous Page — Next Page »