Click here to send MH news, tips, links, documents, facts
or factory-built housing related news story suggestions.

Home > Affordable Housing, Analysis and Commentary, Business, Economy, Jobs, Manufactured Housing Industry, News, Stocks, Trends > Bankrupt Sears Gets Last Minute Bid, Plus MH Market Updates

Bankrupt Sears Gets Last Minute Bid, Plus MH Market Updates

December 28th, 2018

CNNmoney12.28.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe Daily Business News has kept an eye on Sears this week for several reasons. There are the lessons that can be learned from Sears for MHVille. Another is Sear’s historic ties to prefab housing. Third is the insider question. Sear’s will be our focus this evening, on a day that the markets were mixed by relatively muted compared to recently wild swings.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

FoxCNNBloombergCNBCLeftRightMEdiaDivideManufacturedHousingIndustryNews

Select bullets from CNN Money…

  • The past two weeks of stock trading have been epic. Here’s a play by play
  • Wells Fargo is paying $575 million to states to settle fake account claims
  • Dow finishes lower to cap wild week on Wall Street
  • Struggling Sears to close 80 more stores as it awaits bids to stay in business
  • Tesla adds billionaire Larry Ellison and Walgreens exec to its board
  • ANALYSIS 2018 was the year Facebook and Twitter grew up
  • This coffee company thinks it can beat Starbucks in China
  • 2019 will be the year of the electric luxury car
  • India’s economy had a wild 2018. Will next year be better?
  • Wall Street’s most famous trader says markets need a human touch
  • Netflix CEO Reed Hastings delivers his opening address during a Netflix event at the Marina Bay Sands on November 8, 2018 in Singapore.
  • Netflix just released the annual pay for its executives. Spoiler: It’s a lot
  • Despite problems, Mark Zuckerberg is proud of Facebook’s 2018
  • 5G is here. Why that’s a big deal
  • How 3D printers are transforming flying
  • Virgin Galactic’s supersonic plane reaches space
  • Meet the pilots of Virgin Galactic’s first flight to space
  • We took an exclusive ride in a flying car
  • Delta changes the way fliers board planes
  • RETAIL UPS AND DOWNS
  • Retailers have best holiday shopping season in six years
  • The Gap will close its Fifth Avenue store in New York
  • JCPenney stock falls below $1
  • India just made life tougher for Amazon and Walmart
  • Best Buy CEO has nothing to sell you

Select Bullets from Fox Business

  • Sears ends week on brink of liquidation
  • US stocks end wild week with a relative whimper
  • Wells Fargo agrees to $575 million settlement in wake of fake accounts
  • The coming collapse to Social Security as we know it
  • Millennial homebuyers are flocking to these states
  • Big retail chains are rapidly closing in New York City
  • Why California’s marijuana industry may not live up to expectations
  • Tesla names independent board members in SEC settlement
  • The 6 countries where a majority of billionaires live
  • Got a New Year’s resolution? These are the worst cities for keeping them
  • There are the biggest food recalls of 2018
  • 10 most expensive (and cheapest) cities to celebrate New Year’s Eve
  • Only this many Americans can cover a $1,000 emergency
  • Social Security checks to rise in January
  • Best places to retire in US
  • Continue to Personal Finance
  • Tax guide to divorce in 2019
  • Best places to retire in US
  • Citi slashes Apple iPhone production forecast for 1Q
  • What’s To Come In 2019
  • These cars will be killed off in 2019
  • Where mortgage rates are headed in 2019
  • Minimum wages set to increase in these 20 states in 2019
  • Oil 2019 comeback in the cards
  • Bear market rallies are sharp, quick and usually short
  • It’s time to give Elon Musk some respect
  • Recession Looming?
  • Is a recession coming in 2019? Nearly half of US CFOs think so
  • Housing: The new recession-proof investment?
  • Why the US economy will likely fall into a recession next year

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance12.28.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

BankruptSearsGetsLastMinuteBidPLUSMHMarketupdatesDailyBusinessNEwsMHProNews

Sears Given a Reprieve from Liquidation as Chairman Lampert Makes Last-Minute Bid on Bankrupt Firm

·        Friday was the deadline for prospective buyers and liquidators to put in their offers to buy Sears.

·        Sears, which also owns Kmart, filed for bankruptcy in October.

·        The 125-year-old company has more than 68,000 employees.

 

 

Sears has been dying a slow death.  Some speculate that Chairman Lampert is not only partially to blame, but is now trying to benefit from failed leadership.

Whatever the case may be, there are lessons here for MHVille.

See related reports, linked below, for added insights.

“We Have to Keep Changing Too as Retailers”

Sears Prefab Home Initiative

 

 

 

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 

12.28.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.


Matthew Silver - Reporter at Large
Soheyla Kovach - Support Services
L.A. 'Tony' Kovach - Publisher, Editor and Marketing Director. To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com
Comments are closed.