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Monaco Coach Purchased

By on July 10, 2008

Monaco Coach (MNC, 2.45) was purchased yesterday to increase the allocation to equities in the aggressive portfolio. MNC has suffered along with the other makers of RVs recently due to the high price of oil. If oil is in a bubble which eventually bursts, the RV companies should recover nicely. MNC has a book value of $10 and little long term debt, but earnings have been suffering lately.

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