Winnebago Industries' Stock Reaches 11 Year High
10 July 1998
Winnebago Industries' Stock Reaches 11 Year HighFOREST CITY, Iowa, July 10 -- The common stock of Winnebago Industries, Inc. hit an 11 year high yesterday, July 9, 1998, closing at 14.125. Yesterday's stock activity was precipitated by the Company's common stock receiving a buy rating by Robert Olstein, Olstein Financial Alert Fund, during yesterday's CNBC "The Squawk Box" television show. The Company's stock rose .937 with volume of 228,100 shares traded, the highest stock price since April of 1987. Mr. Olstein cited the baby boom population increase in Winnebago Industries' target market, the increase in sales to a total of $500 million expected this year, the $25 million of excess cash flow and increased future earnings projections. Incorporated in 1958, Winnebago Industries, Inc. is now celebrating its 40th Anniversary. Winnebago Industries is a leading manufacturer of motor homes that are self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. Other products manufactured by the Company consist principally of a variety of component products for other manufacturers. The Company builds quality products with state-of-the-art computer-aided design and manufacturing systems on automotive-styled assembly lines. The products and component parts conform to what the Company believes to be the most rigorous testing in the RV industry. The Company's common stock is listed on the New York, Chicago and Pacific Stock Exchanges and traded under the symbol WGO. Options for the Company's common stock are traded on the Chicago Board Options Exchange. Visit Winnebago Industries' Web site at http://www.winnebagoind.com