My guess is, things are going to have to get a whole lot better, before there's any talk of dividend again. The people at Winnebago have done a really great job of handling this incredibly difficult time...the past 5 or 7 years, and it's great that things seem to be looking brighter than for a long time, but business profits are still small and tenuous for Winnebago, and I don't think that's going to change any time soon. Winnebagos' leader did a really nice interview for local television last week, and it was nice to see him guardedly optimistic, but Mr. Potts was also realistic that the RV business is nowhere close to recovery of days past, and probably, will not be, at least for many years to come. Give Bago credit for managing this nearly impossible time so well, better than anyone else I know of in the industry, but still recognize that if the Company ever returns to past profitability, it will be at the expense of lesser competitors, and the growth of products that were previously not a part of Winnebago. It's encouraging that they seem to be doing decently with their Indiana acquisition, although it's probably smart understanding that that business, manufacturing non-motorized RV's, is a very small part of what Winnebago does, and will probably remain so. It's also encouraging that Winnebago is trying another new product, building transit buses, which again is probably to remain a small part of what they do. Mr. Potts says they'll just get started in the business small and slow, and see what sales do. I like that. He's not trying to hit home runs, and in todays' world, I think that's oh so prudent. But, back to dividends....out of the picture.
You are correct. They did a wise thing going into towables as well. At the Louisville Show, they RE-INTRODUCED the Minny Winnie. They are going for the young first timer with a family at a price they can afford.