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Nasdaq Surges Higher, RV Shares Mixed

Can it be said that you can’t keep a strong economy down? Perhaps that’s the interpretation that can be applied to the Nasdaq composite’s bargain-hunter fueled rally on Friday. After dropping to a 22-month low Wednesday, the index climbed 177 points, or 7.6%, on...

Personal Incomes Grew in November

Consumers sent businesses and the government a mixed message in November, according to data gathered by the U.S. Commerce Department. Household incomes increased a solid 0.4% in November but spending increased at its slowest pace in more than two years, indicating...

TFC Looks to Expand Floorplan Portfolio

Textron Financial Corporation (TFC) is one of at least two inventory finance providers looking to expand its RV dealer floorplan portfolio. TFC is the finance subsidiary of Textron Inc., manufacturer of Cessna aircraft, Bell helicopters and E-Z-Go golf carts. TFC was...

Fleetwood Warns of Lower Earnings

Fleetwood Enterprises Inc. reported its earnings for the quarter that will end April 30 would be below stock market analysts’ expectations. Slower RV and manufactured housing sales are the reasons the company’s earnings will be below expectations for the...

Flexsteel Names New Chairman

Seating supplier Flexsteel Industries Inc. announced today (Dec. 21) that it named retired Fleetwood Enterprises Inc. executive Bruce Boylen to be its new chairman. Boylen retired from Fleetwood, the RV industry’s retail market share leader, in 1991 and he joined the...

Economy Cooled More Than Expected

The U.S. economy cooled off more than originally estimated during the third quarter, although it is not close to being in recession, according to data released today (Dec. 21) by the Commerce Department. The economy grew at a 2.2% rate during the...

Fleetwood Warns of Lower Earnings

Fleetwood Enterprises Inc. reported its earnings for the quarter that will end April 30 would be below stock market analysts’ expectations. Slower RV and manufactured housing sales are the reasons the company’s earnings will be below expectations for the...

Stock Market Rebounds Slightly

The stock market rebounded slightly Thursday and some major RV company stocks also benefited. The Nasdaq composite inched up 7 points, or 0.3%, while the Dow Jones Industrial Average climbed 168 points, or 1.6%, on Thursday. In general, RV stocks were mixed, but...