Uh-Oh

[Just Plain Jeff]

Featherlite/Vantare is one of those companies that is hard to pin down.

At one point word was that their primary lender Deutchebank ($65 Million loan) saw their only way out was to produce as many new coaches as possible. So, there was a glut of coaches put on the lot to keep the bank happy. As a publicly-traded company, you can Google around and find a lot about them.

Last fall, they split off the coach operations with an investment from an Israeli investor. Here's the link http://www.fthrc.com/news_detail.cfm?news_id=32 This is the company's version of the story.

[jack14r]

I was told yesterday that a Canadian auto dealer bought at wholesale 5 coaches from Vantari,I think they were used.I doubt they made any money in that deal.