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Winnebago (WGO -17%) sinks following a disastrous Q3 report. Profit is down 80% Y/Y on what CEO...

Winnebago (WGO -17%) sinks following a disastrous Q3 report. Profit is down 80% Y/Y on what CEO Bob Olson calls "softened" demand, saying the company "remained concerned the current recovery appears to be slowing."
Comments (3)
  • Windsun33
    , contributor
    Comments (4263) | Send Message
     
    I am not surprised at the huge drop in sales. A large percentage of Winny buyers are people retiring and seling their homes. With home prices in the tank, they don't have the cash nor the mobility to do so.
    16 Jun 2011, 11:04 AM Reply Like
  • Vertical Spread
    , contributor
    Comments (539) | Send Message
     
    I can't imagine buying gas for one of those things. I think I would/will just move somewhere warm, and be on permanent "Staycation".
    16 Jun 2011, 11:20 AM Reply Like
  • wysiwyfind
    , contributor
    Comments (22) | Send Message
     
    Price of gas approaching $4.00; RV sales go south.
    7 mpg on your avg motorhome makes it a rich man's hobby. Us common folk (rv buyers) cannot hack it.
    16 Jun 2011, 11:22 AM Reply Like
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