Originally Posted by schrederman
Since I own some BRKA stock... I guess I'm part owner. Think I got a discount? Um... no.
Me too, and also some THO.
Holding companies suck regardless, its directly related to Quality Control in the RV Industry or lack thereof. Profits are all the holding company cares about and whatever way they're generated doesn't matter. Does anyone think for a second Warren Buffet gives a rats rear end if your tires blow or your wall delaminates? He doesn't! He also doens't care when the Geico customer who never had a claim for 15 years scrapes a stop sign and his rates double. As long as the numbers keep coming in black and the investors are happy its all good.
FTCA, another holding company, did a fine job with Coleman popups running it into the ground after Fleetwood bled it dry. Now Columbia NW builds the cheaply constructed Somerset Coleman clones which are overpriced junk. Even the Fleetwood and FTCA ones were rock solid and still command top dollar on the used market. Coleman made most everything in house, No Lippert junk. I knew guys that worked at Coleman and drive by the vacant plant often, a sad sight.
Others do a start up with the right idea, DSRV comes to mind among others. They blow a lot of smoke for a few years, build up the brand, and then get gobbled up by the holding company. After that happens things go down hill in short order from a QC perspective, because its profits at any cost mentality from that point forward.