Tucson, AZ (PRWEB) December 1, 2008
Upon announcing its plans to sell most of its recreational vehicle business to Warren Buffet's Berkshire Hathaway, Inc. the Coachmen Industries, Inc. saw the highest rise in New York trading for the past 28 years. The terms of the sale are undisclosed.
Pedata RV Center http://www.pedatarvcenter.com sees the notable reaction as a sign of hope for the RV industry. Coachmen gained 95%; up $.54 to $1.11 a share at 10:58 am on November 21, 2008. Earlier in the day the stock experienced a jump of as much as 126%; the biggest increase in intraday trading since at least 1980 according to Bloomberg data.
Coachmen Industries, Inc. is the maker of Viking travel trailers and manufactured houses and the executive level sees the announcement as an end to the speculation on the company's ability to outlast the current economic strain.
Clint Ethington of Pedata RV Center sees the announcement as "a positive response to the hard times we're all facing personally and professionally. Coachmen industries just provided us with some great news for the RV industry."
Pedata RV Center (http://www.pedatarvcenter.com)
Pedata RV Center is one of the largest RV wholesalers in the country. They've been selling RVs to dealers throughout the US and Canada for over 10 years. Several years into the project, they began selling RVs direct to the public taking advantage of their low overhead and eliminating the middleman (and the typical middleman's markup).
For more information on Pedata RV Center or current trends in the RV industry contact Clint Ethington, General Manager, at: 1-888-545-8314 or 520-807-0900.