Winnebago says Hunterbrook ‘worked with purpose of manipulating share price’

Winnebago, in a statement to The Fly, said the report published on Monday by Hunterbrook Media is “full of baseless claims and misleading assumptions.” “We are aware of the so-called article from Hunterbrook Media, a publication with a wholly economic agenda. Hunterbrook Media is the research arm of a New York-based hedge fund, Hunterbrook Capital, a known short-seller, masquerading as a news outlet. They worked with the purpose of manipulating the share price of Winnebago Industries and capitalizing on that manipulation. Their story is full of baseless claims and misleading assumptions. Winnebago Industries’ priority is to take care of our customers, and we stand behind every product we build. To reinforce that commitment, earlier this year, our Grand Design business extended the frame warranty on all of its products, both new and pre-owned, to 5 years – an industry first and best action. In addition, Grand Design made both its 3- and 5-year warranties fully transferable to subsequent owners. We are guided by our values: Do the right thing, put people first, and be the best. Grand Design and Winnebago Industries have been transparent in communication of the frame flex issue and are in compliance with all consumer protection laws. We have communicated regularly and fully with stakeholders about the frame flex issue,” the company said.