Fleetwood in Trouble

Posted on October 22, 2008
Filed Under Fleetwood RV |

October 22, 2008 Don’t look, but Fleetwood (FLE) is tottering.  The company’s shares are trading for as low as 32 cents this morning.  Just one year ago, they were trading for $9.13. In some ways, the credit crisis and energy costs are a perfect storm against a company like Fleetwood.  Remember that a good portion of their business comes from selling RVs.  RVs have a reputation as gas guzzlers.  They are, after all, mobile houses.  The classic RV vacation requires trips to the pump on any day

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