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Article: Coachmen Industries, Inc. Issues Cautionary Statement.
- Article from:
- Real Estate Weekly News
- Article date:
- November 13, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Coachmen Industries, Inc., (Pink Sheets: COHM) issued a cautionary statement regarding its 3rd quarter results.
During the 3rd quarter, single family home sales remained depressed at very low levels. The Company saw virtually none of the widely predicted rebound in the housing markets. Potential buyers remained unable to obtain financing. In addition, several major projects the Company anticipated were postponed by the developers or deferred. On the Specialty Vehicle side, General Motors interrupted the supply of chassis used on the ARBOC Mobility Bus in August and subsequently curtailed 2010 model diesel chassis for the U.S. market. As a result of these ...
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