Investors who bought Fleetwood Enterprises Inc. shares a little more than five years ago saw the value of their investment compare unfavorably with investments in other major RV and manufactured home producers during the last several months, according with a document Fleetwood filed Tuesday with the Securities & Exchange Commission (SEC).
Anyone investing $100 in Fleetwood on April 30, 1995, the last day of Fleetwood’s 1995 fiscal year, would have seen the value of their investment decline to $72.24 as of last April 30, the final day of Fleetwood’s fiscal year 2000, according to the SEC document.
In comparison, $100 invested on April 30, 1995, in a portfolio of other RV and manufactured home firms would have grown to $164.45 as of last April 30.
The peer group portfolio includes RV firms Coachmen, Monaco, National RV, Thor and Winnebago. The manufactured housing firms in the portfolio include Champion, Clayton, Oakwood and Palm Harbor. Skyline, a RV and manufactured homebuilder, also is in the peer group portfolio, according to the SEC document.
Most of the decline in the value of a long-term investment in Fleetwood occurred during the last two years. The $100 invested in Fleetwood on April 30, 1995, grew to $214.64 as of April 26, 1998, but it declined to $134.05 as of April 25, 1999.
Investors who bought a portfolio including the companies comprising the S & P 500 would have seen the biggest capital gain. A $100 investment in the S & P 500 on April 30, 1995, would have grown to $308.39 as of last April 30, according to the SEC document filed by Fleetwood.