Rexhall's PE Ratio is lower than most of there competitors. For example, Winnebago and Fleetwood are in the 12 range and Monaco Coach is in the 15 range. Following is Rexhall's most recent press release:
Rexhall Industries Inc. Will Buy Back 100,000 Shares
Board of Directors Want Aggressive Capitalization Plan
LANCASTER, Calif.--(BUSINESS WIRE)--Feb. 14, 1997-- Rexhall Industries Inc will begin
repurchasing up to 100,000 shares of its own stock in the open market.
This plan has been approved by the board of directors and will be the company's largest
buy-back since it went public. "With our stock trading in the $5 to $6 range, it is at or near book
value. We feel this is a tremendous opportunity to take advantage of our stock's low price,"
stated Bill Rex, President and CEO. The company has already purchased 12,300 shares.
Rexhall is currently speaking with investment banking advisors. The new business plan will focus
on improving market capitalization and their ability to seize future opportunities. A strong
emphasis has always been focused on manufacturing quality motorhomes. But growth of the
company has now taken some of the spot light. Management has always felt they need to
aggressively support the stock and shareholders' interest.
Late in 1996, Rexhall's stock traded as high as $11 a share. The company feels that even at this
price there is still plenty of room for capital appreciation. "We don't always understand why Wall
Street causes our stock to move the way it does. Therefore we are seeking professional guidance
so that Rexhall stock may trade at levels comparable to our industry peer group. When this is
achieved, we can focus on trading at much higher levels as we acquire larger market share
through current business plans and possible acquisitions," said Bernie Alivio, Director of
Investments.
Rexhall Industries Inc. manufactures four distinctive Class A motorhomes. The company has
experienced consistent growth by offering a product line of quality construction and design below
competitors' motorhomes. This pricing encourages dealers to promote Rexhall's products while
giving customers the motorhome they want. Rexhall motorhomes are sold through 100 dealers
across the country.
Visit this company's Investor Relations site at businesswire.com
CONTACT: Rexhall Industries Inc.
Bernie Alivio, 805/726-0565 |
