October 8, 2007
Prospector
Profile
07.1388
 
Fleetwood Enterprises, Inc. NAICS 336213
3125 Myers St. Riverside, CA 92503 Description RV Mfg.
(951) 351-3500 Employees 11500
http://www.fleetwood.com/ Revenue (mil) 2007.9200
  Income (mil) -89.9600
  Assets (mil) 703.1700
  Liability (mil) 619.0200
  (for the year ended 2007-04-30)
 
Category: Low Rating
 
Event: Standard & Poor's Ratings Services affirmed its 'B' corporate credit, 'CCC+' senior subordinated debt, and 'CCC' trust preferred securities ratings on Fleetwood Enterprises Inc. The affirmations affect $260 million in securities. The outlook is negative. "The ratings acknowledge continued earnings pressure resulting from soft consumer demand for the company's factory-built homes and certain recreational vehicle products," explained Standard & Poor's credit analyst James Fielding.
 
Intellectual Property: The Company owns the registered trademarks to Fleetwood®, Fleetwood Homes®, Fleetwood RV® and the principal brand and series names used in connection with its recreational vehicles and manufactured homes. The Company believes that its trademarks and trade names are significant to its business, and vigorously protects them against infringement. In addition to trademarks and patents, the Company has developed numerous trade secrets in connection with the design, manufacture, sales and marketing of its products. [SEC Filing 10-K 07-12-07]
 
Description: The Company produces recreational vehicles, including motor homes, travel trailers and folding trailers, as well as manufactured housing.
 
Officers: Thomas B. Pitcher (Chair); Elden L. Smith (Pres. & CEO); Boyd R. Plowman (EVP & CFO); Andrew M. Griffiths (SVP & Chief Acctg. Officer); Todd L. Inlander (SVP & CIO); Larry L. Mace (SVP); Leonard J. McGill (SVP, Gen. Counsel & Sec.); Lyle N. Larkin (VP, Treas. & Asst. Sec.); Michael B. Shearin (VP); James F. Smith (VP & Controller); Paul D. Borghesani (Dir.); Loren K. Carroll (Dir.); Margaret S. Dano (Dir.); James L. Doti (Dir.); David S. Engelman (Dir.); J. Michael Hagan (Dir.); Douglas M. Lawson (Dir.); John T. Montford (Dir.)Daniel D. Villanueva (Dir.)
 
Auditor: Ernst & Young LLP
 
Securities: Common Stock Symbol FLE; NYSE; 64,161,823 common shares outstanding as of July 2, 2007
 
 
 
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