Wednesday, January 07, 2009
Buffett Invests in Coachmen RV
Warren Buffett's Berkshire Hathaway, Inc. reported to government regulators Monday that it had purchased $40 million in recreational vehicle maker, Coachmen Industries Inc., which assembles Viking travel trailers in Middlebury, Ind.
Berkshire Hathaway's strategy clearly is buying low in businesses that are at rock bottom. Sales of recreational vehicles by U.S. makers, including big names like Winnebago Industries, Fleetwood Enterprises and Thor Industries Inc., are expected to fall to a 12-year low as 2008 draws to a closer and likely will tumble even further in 2009.
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Berkshire Hathaway's strategy clearly is buying low in businesses that are at rock bottom. Sales of recreational vehicles by U.S. makers, including big names like Winnebago Industries, Fleetwood Enterprises and Thor Industries Inc., are expected to fall to a 12-year low as 2008 draws to a closer and likely will tumble even further in 2009.
Full Story...
---
Click Here to Join the Good Sam Club
CSP is a mechanical breakdown plan for your Motorhome, Travel Trailer, and Tow Vehicle! For a FREE Quote Click Here
Are you paying too much for your RV Insurance? Click here for a free quote from Good Sam VIP
Protect your RV and your family while on the road: Join Good Sam RV Emergency Road Service Today and save!
# posted by Steven Fletcher : 12:38 PM
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