FLEETWOOD: NOT A HAPPY CAMPER COMPANY

摘要

Take a quick glance at the financials of Fleetwood Enterprises Inc., and it looks like the nation's largest maker of recreational vehicles and second-largest builder of trailer-park housing has been driving full speed in the wrong direction. Despite a booming economy and an aging populace, Fleetwood recently reported its first quarterly loss in 20 years, a negative $31 million versus a $26 million profit in the year-earlier quarter. Fleet-wood's stock now trades at just $12 a share, a quarter of the price it fetched two years ago. And more bad news may be on the way. Merrill Lynch & Co. analyst Robert P. Curran expects the company's earnings to plummet from $83 million in 1999 to $6.5 million this year, on sales of around $3 billion.