Forum Discussion
hanko
Sep 07, 2014Explorer
SooperDaddy wrote:
Forest River is a solid Company...owned by Berkshire Hathaway which is known for its control by investor Warren Buffett, who is the company's chairman and president also who owns GEICO, BNSF, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg and the company is also known for Diamonds, FlightSafety International, NetJets, half of Heinz and an undisclosed percentage of Mars, Incorporated, and has significant minority holdings in American Express, The Coca-Cola Company, Wells Fargo, and IBM.
Berkshire Hathaway averaged an annual growth in book value of 19.7% to its shareholders for the last 49 years (compared to 9.8% from the S&P 500 with dividends for the same period), while employing large amounts of capital, and minimal debt.
The unit you are looking at is very much an entry level unit, so be aware that it won't quite be as great as a higher end unit, but should meet your needs quite well!
He doesn't cut corners on his RV holdings, hires the best talent to run his businesses and his tremendous buying power means he can build and equip his line of RV's with quality components at a reasonable cost. Plus he is a real "hands on" kind of guy.
Even tho his holdings total $484.931 billion!
I usually buy Jayco products, but seriously looked at some Forest River RV's this time around when I was looking to buy my 8th RV. And I'm a really picky, tough customer!
Oh Please,
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