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Non-Tech : Rexhall Industries, Inc. (NASDAQ:REXL)
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To: Ken Reidy who wrote (1)4/15/1997 10:37:00 PM
From: Ken Reidy   of 42
 
The company released a disappointing earnings release today. I think that this really creates a good opportunity for a patient investor to get in at a bargain level. I'm going to watch the action tomorrow and try to pick up some shares in the 4's! Today's press release:

Tuesday April 15 11:42 AM EDT
Rexhall Industries Inc says Q4 hurt by losses in Indiana
LANCASTER, Calif., April 15 (Reuter) - Rexhall Industries Inc on Tuesday said its fourth
quarter drop in net income was led by losses at the company's plant in Indiana.
"The Indiana facility...experienced an excess in labor costs coupled with buybacks and
discounting which resulted in a loss," William Rex, chief executive officer, said in a statement.
"This hurt our margins and overall performance."
Earlier Rexhall, a manufacturer of mobile homes and recreational vehicles, reported a share loss
of $0.18 in the fourth quarter ended December 31 versus a profit of $0.17 per share one year
ago.
Fourth quarter sales at Rexhall totaled about $13.7 million versus $14.6 million last year.
In a statement Rexhall said that it was disappointed by its fourth quarter loss but that the overall
earnings pictures does not reflect positive results at its plant in California.
Rex said the company has transferred the manager at its California plant, Marco Martinez, to the
Indiana unit.
"We are confident and look forward to positive results," Rex said.
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