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Skyline Homes Fight$ Back, Market Update$

August 24th, 2017

8.24.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-The manufactured housing industry is a small part of the housing industry, but has tremendous potential, as the recent move by insurance giant Northwestern Mutual reminds investors.  Since that major move, sources say that property has already changed hands again. In a trillion dollar a year U.S. housing sector, what else has the same potential for growth to fill the growing need for affordable housing?

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves 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.

MH “Industry News, Tips and Views, Pros Can Use.” ©

Selected headlines and bullets from CNN Money:

 

  • Amazon set to lower some Whole Foods prices
  • $758M Powerball winner already quit her job Trending
  • Obamacare will be available everywhere in 2018
  • Here’s where all the money we spend on the lottery goes
  • More foundations call off Mar-a-Lago fundraisers
  • Gold is doing better than U.S. stocks this year
  • Tim Cook: Apple will invest $1.3 billion in Iowa
  • Sears is closing 28 more Kmart stores
  • Americans don’t want these jobs
  • YouTube and Syria: Tech’s role as archivist
  • How much health care will cost you in retirement

 

Selected headlines and bullets from Fox Business:

 

  • Hurricane Harvey threatens fuel prices, oil refineries
  • Hurricane Harvey: Texas braces for worst storm since 2005
  • Wall Street edges lower with Jackson Hole meeting in focus
  • Oil slips nearly 3 pct as U.S. refineries shut ahead of Harvey
  • Apple gets tax breaks for Iowa data center, as Rep. Ryan holds tax talk at Boeing
  • Amazon, Whole Foods to close acquisition on Monday
  • C. judge approves government warrant for data from anti-Trump website
  • Trump should pardon me, Fmr. Gov. Don Siegelman
  • Apple’s 10th anniversary iPhone unveiling set
  • Cuomo thinks he can rise to the presidency on the back of energy consumers: Stuart Varney
  • FBN’s Stuart Varney on NY Governor Andrew Cuomo’s energy policy.
  • Better Buy: SINA vs. Weibo
  • How major US stock market indexes fared Thursday
  • S. stock indexes ticked lower on Thursday, but only after a circuitous ride that saw them flip multiple times between small gains and losses.
  • What Happened in the Stock Market Today

 

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here

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

 

S&P 500 2,438.97 -5.07 (-0.21%)

Dow 30 21,783.40 -28.69 (-0.13%)

Nasdaq 6,271.33 -7.08 (-0.11%)

Crude Oil 47.62 -0.79 (-1.63%)

Gold 1,291.50 -3.20 (-0.25%)

Silver 16.96 -0.09 (-0.50%)

EUR/USD 1.1801 -0.0008 (-0.06%)

10-Yr Bond 2.194 +0.023 (+1.06%)

Russell 2000 1,373.88 +4.14 (+0.30%)

8.24.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-2

Manufactured Housing Composite Value

 82420179MarketIndicatorsYahooFinanceManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg.jg_-1-1-1

 

Today’s Big Movers

For all the scores and highlights on tracked stocks today, see the Bloomberg graphic, posted below.

Today’s MH Market Spotlight Report – 

Skyline Homes Spotlight

 

SkylineManufacturedModularHomesDailyBusinessNewsMHProNews

Skyline and other third party images are provided under fair use guidelines.

While the one-year chart shows a downturn, as the second chart below reflects, Skyline has been steadily ‘fighting its way back’ in the last 3 months.

Skyline is self-described in a ‘middle range’ of independent producers. The “Three C’s” mark the top tier in the industry’s size – Clayton, Cavco and Champion.  Next in size are firms such as Skyline, Nobility or  Commodore, that are more than a single plant operation.

Speculation on Skyline has been rampant for months. They resisted being taken over by Cavco. A vocal Skyline stockholder was pushing a few weeks ago for a takeover of the historic firm.   One interesting rumor that circulated was that the Skyline and Clayton were talking.  But others noted in reaction to that claim that such a move might be too bold, as Clayton is already near 50% of the industry’s production. Such an attempted buyout could trigger an anti-trust move.

Time will tell.

 

SkylineCorpDailyBusinessNewsMHProNews8.24.2017StocksMarketsReportsMHProNews

From the several sources shown below…

2017-08-24_1830SkylineCorpNewsSummaryGoogleMHProNews

Credits, Google News.

…per NASDAQ, this recent report.

Skyline Corp. Q4 Earnings Advance 73%

(RTTNews.com) – Skyline Corp. (SKY) announced a profit for its fourth quarter that increased from last year.

The company said its bottom line advanced to $2.30 million, or $0.27 per share. This was higher than $1.33 million, or $0.18 per share, in last year’s fourth quarter.

The company said revenue for the quarter rose 5.0% to $59.46 million. This was up from $56.65 million last year.

Skyline Corp. earnings at a glance:

-Earnings (Q4): $2.30 Mln. vs. $1.33 Mln. last year.

-Earnings Growth (Y-o-Y): 72.9%

-EPS (Q4): $0.27 vs. $0.18 last year.

-EPS Growth (Y-o-Y): 50.0%

-Revenue (Q4): $59.46 Mln vs. $56.65 Mln last year.

-Revenue Change (Y-o-Y): 5.0%

SkylineCorpSKYDailyBusinessNewsMHProNews8.24.2017

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

http://www.MHProNews.com/blogs/daily-business-news/manufactured-housing-industry-markets-wall-street-reacts-to-trumponomics-1-year-data-snapshot/

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).

Manufactured Home Industry Connected Stock Markets Data

Berkshire Hathaway is the parent company to Clayton Homes, 21st 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 a recent round of 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.”

We Provide, You Decide.” © ##

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

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


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