Nervousness about the economic consequences of a war against Iraq has pounded down the prices of RV manufacturing company stocks to near their 52-week lows.
Coachmen, Monaco and Winnebago are the major RV producers whose stocks hit new 52-week lows in recent days.
Today (March 6), Coachmen stock closed at $10.61 a share, not far from its 52-week low of $10.53; Monaco closed at $10.08, slightly higher than its 52-week low of $9.88; and Winnebago closed at $27.25, compared to its 52-week low of $26.25. Thor closed today at $23.25. Its 52-week low was $21.75.
National RV closed at $4.97, 20 cents higher than its 52-week low of $4.77; Fleetwood closed at $3.55, compared to its 52-week low of $2.37; and Rexhall closed at $1.92, 40 cents higher than its 52-week low of $1.51.
RV stock prices now are in a similar position to what they were in during much of 1999 and 2000, when they were viewed as low-tech, “old economy” stocks that were not worthy of much investor attention.
However, savvy investors could have doubled or tripled their money if they would have bought RV stocks near their lows a few years ago and then sold them last summer, when several RV manufacturing company stocks were near their 52-week highs.
Winnebago’s 52-week high, for example, is $51.48 and Thor’s is $42.78.
RV stock prices were bid higher when savvy investors realized that RV company profits were recovering and the demand for new RVs should continue on an upward trend for more than 10 years because the huge Baby Boom Generation is reaching its prime RV-buying age.