RE:Slow trainMgmt dropped the ball big time. After swearing up and down last quarter that they had contained the interest rate exposure they took another hit this quarter and said it will probably continue to be marked down for this quarter and maybe next as they sell off that part of the loan book. Mgmt credibility took a huge hit for sure.
And who wants shares of a piddly RV and marine business? I sure don't. Bulk it up, fine, but just sell it. I can't believe HUdson, who is trying to sell all of ECN, would want to be stuck with shares of the RV business when ECN is taken over by Skyline. Just seems a bit strange. Maybe they are talking up the RV book to sell it but spinning out shares is probably not going to be well received.
Thankfully the shares I have are miniscule part of my portfolio and i'm just hanging on for the sale of the company. Thanks to Steve Hudson for making me money over the past few years but it's time to move on. The takeover from Skyline, or someone else, can't come fast enough for me, to be honest.