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Topic: More Bad News For The RV Industry (Read 1 time) previous topic - next topic
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Re: More Bad News For The RV Industry
Reply #1 –
Yahoo Message Number: 100072
That's a shame.  Good company and good products.  I wonder how Country Coach down the road is doing.  Can't be much better.

Dick
Re: More Bad News For The RV Industry
Reply #3 –
Yahoo Message Number: 100077
Thanks Joan.  Makes me want to cry.  We always enjoyed taking tours at those two companies when we lived
Re: More Bad News For The RV Industry
Reply #4 –
Yahoo Message Number: 100114
============================== As an addition to the RV Industry bad news, look how many brand names that will fail under Monaco.    Hard to believe.  Bye.  FrancesM
 Monaco, founded in 1968 in Junction City as Caribou Manufacturing Co., builds motor homes and trailers under the brand names Monaco, Beaver, Safari, Holiday Rambler, McKenzie and R-Vision. It also operates motor home resorts in California, Florida, Nevada and Michigan.

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Re: More Bad News For The RV Industry
Reply #5 –
Yahoo Message Number: 100131
Quote
As an addition to the RV Industry bad news, look how many brand names that will fail under Monaco.    Hard to believe.

 Note that Monaco filed for Chapter 11, which means they have a chance to reorganize and come out the other end a leaner, stronger company, not that they're closing their doors for good.  Whether or not that will happen remains to be seen.

Linda Hylton http://map.datastormusers.com/user1.cfm?user=1167 http://earl-linda.blogspot.com/
Linda Hylton
 
Re: More Bad News For The RV Industry
Reply #6 –
Yahoo Message Number: 100156
Quote
Note that Monaco filed for Chapter 11, which means they have a chance to reorganize and come out the other end a leaner, stronger company, not that they're closing their doors for good.  Whether or not that will happen remains to be seen.
It's possible, but not likely.  The vast majority of Chapter 11's fail.  In any Ch 11 bankruptcy, the creditors drive the bus.  Monaco will have to prepare a plan of reorganization that gives the creditors greater benefit than they would get than if the company was simply liquidated and the proceeds distributed pro-rata to the creditors.  Otherwise, the creditors would vote no on the Plan, and that's it.  If it's a close call, Monaco could try a "cramdown" on the creditors, but the judge would have to approve it.  In a successful Ch. 11, the creditors end up owing most of the company.  Their debt is converted into equity.  Existing shareholders get wiped out unless they contribute "new value" (additional capital) to earn new shares.  I've no idea what Monaco's balance sheet looks like, nor what assets they have, nor whether the existing owners can infuse new capital, so it's impossible to tell whether they look better to creditors as liquidated assets or a going concern.  -- Jon
(Former) ‘06 TK “Albatross.” And (former) Vespa 250.   Alas, no more; both are gone.😕 Great memories remain! 😄