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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