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

Home > Analysis and Commentary, Association, Company News, Manufactured Housing Industry, News, People, Stocks, Trends > Manufactured Home Owner, and Billionaire Third Point Hedge Fund’s Daniel S. Loeb Shakes Market Watchers

Manufactured Home Owner, and Billionaire Third Point Hedge Fund’s Daniel S. Loeb Shakes Market Watchers

November 9th, 2018

ManufacturedHomeOwnerBillionaireDanielSLoebThirdPointHedgeFundShakesMarketWatchersDailyBusinessNewsMHproNews

On a down day for many stocks on Wall Street, the word is out from CNBC and other sources that Third Point’s Daniel S. Loeb has made several moves that ought to draw a careful look from manufactured housing professionals and other investors.

As a reminder, Loeb was spotlighted by MHLivingNews, in the report linked below.

 

Why Are Billionaires Attracted to Manufactured Homes?

 

Among the reported steps by Third Point, per CNBC:

  • Hedge fund activist Daniel Loeb is worried about this market, cuts Netflix and exits Facebook.
  • Daniel Loeb blamed his pessimistic market outlook on his expectations for a slowdown in U.S. economic activity over the next 12 months.
  • Third Point exited its stake in Facebook and cut its position in Netflix, according to a filing with the Securities and Exchange Commission.
  • Loeb told investors he had cut the fund’s technology holdings.

DanielSLoebThirdPointHedgeFundManufacturedHOusingIndustryDailyBusinessNewsMHproNews

 

Why It Matters to MHVille?

The Daily Business News on MHProNews has been reporting for some time that there are potential antitrust moves pending, and the names of some of those giants that Loeb’s firm shed are among them.

Draft EO for Trump Administration AntiTrust Order Obtained by MHProNews

Industry professionals and their customers use several of the firms that Loeb’s moves reflect on.

 

Berkshire and Buffett

Perhaps as or more important are recent reports from federal sources to MHProNews.  For example, per sources, investigations of Berkshire Hathaway – with Warren Buffett and Berkshire Hathaway’s manufactured home brands being specifically named by a federal official that spoke to the Daily Business News – also point to potential economic shakeups that will debatably impact manufactured housing.

Bloomberg reported last year that the one thing Warren Buffett is concerned about is a ‘breakup’ of Berkshire, presumably by antitrust action.

See other industry related developments with Manufactured Housing Institute (MHI) members, in the related reports, further below.  Our evening market report, is linked here.

Note that our part 2 of this morning’s two-part report will occur this weekend or on Monday, due to breaking news. That’s “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

ManufacturedHomeIndustry#1HeadlineNewsMHProNews

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To pro-vide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

 

 

Related Reports:

Legacy Housing Files for IPO, Plus Manufactured Housing Industry Market Updates

Cavco Chairman Joseph H. Stegmayer Steps Down Under SEC Cloud, “Personal, Confidential” SEC Document, Cavco Industries’ Statement

Prosperity Now, Protests, Indivisible Project, Warren Buffett, George Soros, POTUS Donald Trump, MHAction and Manufactured Housing – Following the Money

 

 

 

 


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.