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Old 02-10-2009, 02:59 PM   #1
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Tuesday, February 10, 2009

Monaco Coach Corp. entered into a forbearance agreement Feb. 4 with Bank of America, N.A., and GE Commercial Distribution Finance Corp. regarding “repurchase obligations” with dealers, according to a filing with the Securities and Exchange Commission (SEC).

([i] edited due to copyright requirements[i])
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Old 02-10-2009, 03:02 PM   #2
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A follow-on comment, the Oregon facility reopening has been pushed back to March 2, 2009.
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Old 02-10-2009, 03:14 PM   #3
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With all of the inventory that Monaco has had to buy back from dealers who are going out of business it's no surprise that the re-opening has been pushed back. They have way to many coaches on hand right now.
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Old 02-11-2009, 07:42 AM   #4
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+10000
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Old 02-11-2009, 09:44 AM   #5
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Quote:
Originally posted by Jim Stewart:
+10000
Hi Jim,
Did that number come from the article? If so please post a link to it, your post was edited for copyright reasons.
Thanks,
Ron
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Old 02-11-2009, 02:36 PM   #6
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Sorry, the +10000 was meant as a shorthand agreement on the prior post, not on the number of units. Sorry for the mis-understanding. The article was from Bloombergs and did not discuss the number of units.
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