Fleetwood in Trouble

Fleetwood’s stock value is down to ten cents. That’s less than a gumball costs at Target and a scary number.

On Dec. 12, 2008 Fleetwood filed a 145 page “Form 424B3” which is a “Form of Prospectus” with the SEC and you can read it in full on the Fleetwood website here if you want: http://ir.fleetwood.com/phoenix.zhtml?c=63938&p=irol-sec

On what is numbered as page “iv” but is actually the seventh page in the document, among some Q&A’s about the offer they are making to exchange stock for debt that they owe to be paid on Dec. 15, at the bottom of the page appears this sentence: “If we can not satisfy such repurchase obligations, we would be in default and may seek protection from our creditors in a bankruptcy proceeding.”

Those are ominous words.

If you are thinking of buying a Fleetwood RV, you might want to think again.

Burdge Law Office
Helping Rv'ers Get Rid of Lemon Rv's Since 1978.

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Known nationwide as a leading Lemon Law attorney, Ronald L. Burdge has represented literally thousands of consumers in "lemon" lawsuits and actively co-counsels and coaches other Consumer Law attorneys. From 2005 through 2011, attorney Ronald L. Burdge has been named as the only Lemon Law Ohio Super Lawyer by Law and Politics magazine and Thomson Reuters Corp., Professional Division. Burdge restricts his practice to Lemon Law and Consumer Law cases. The Ohio Super Lawyer results are published annually in the January issue of Cincinnati Magazine. Ronald L. Burdge was named Consumer Law Trial Lawyer of the Year 2004 by the National Association of Consumer Advocates, the nation's largest organization of consumer law private and government attorneys. "Your impact on the auto industry has been magnified many times over because of the trail you blazed for others," stated NACA's Executive Director, Will Ogburn. Burdge has represented thousands of consumers in Ohio, Kentucky and elsewhere since 1978 and is a frequent lecturer to national, state and local Bar Associations and Judicial organizations. Burdge is admitted to Ohio's state and federal courts, Kentucky's state courts, and Indiana's federal courts. Other court admissions are on a "pro hac" temporary, case by cases basis.