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CAVCO Stock Slowly Recovering, But More Law Firms Announce CVCO Investigations, Plus MH Market Updates

November 16th, 2018 No comments

CNNmoney11.16.2018ManufacturedHomeStocksMarketsReportsMHProNewsCavco Industries (CVCO) stock has been slowly recovering from the word last week that the SEC issued a subpoena to the firm in connection with trading by now ex-Chairman and CEO, Joseph Stegmayer. 2 law firms subsequently announced investigations.  Now, 2 more law firms are diving in.  That will be our featured focus this evening, found after our recap data, further below.

 

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.

 

Select bullets from CNN Money…

  • Firm that worked for Facebook tried to plant story alleging liberal bias at Apple News
  • US box office is on track for a record-breaking year
  • Toyota is using Microsoft’s HoloLens to build cars faster
  • Judge orders White House to return Jim Acosta’s press pass
  • Volkswagen to spend $50 billion on electric car ‘offensive’
  • Nordstrom shares slide over credit card screw-up
  • PG&E unlikely to go bankrupt because of wildfires
  • ‘Crypto hangover’: Nvidia’s stock plunges nearly 17%
  • ANALYSIS The trade war is pushing business out of China, but not into America
  • World’s most popular car gets redesigned
  • GE raises $1.5 billion as pressure mounts to fix balance sheet
  • Signage is displayed on the Sears, Roebuck
  • That’s how much bankrupt Sears wants to give executives in bonuses
  • Judge approves Sears’ plan to auction off about 500 stores
  • Sears should close for good, creditors say
  • How Sears wasted $6 billion that could have kept it out of bankruptcy
  • JCPenney could be in danger of following Sears into bankruptcy
  • How narcissistic CEOs put companies at risk
  • Talking politics at work? Here are some tips
  • The argument against having close friends at work
  • The hidden power of employee resource groups
  • PERSPECTIVES 3 things businesses can do to win the climate change fight
  • These companies are leading the fight against climate change
  • Drought woes? This tech can literally make it rain
  • This floating pipe is trying to clean up all the plastic in the ocean

Select Bullets from Fox Business

  • Jeff Bezos to employees: ‘Amazon will fail,’ we need to delay it
  • Google replaces CEO of cloud unit with former Oracle exec
  • Recapping the Dow’s four-day, 700-point dip
  • What to know about the Navy’s new Lockheed Martin warship
  • Record Mega Millions haul unclaimed: Where the prize money could go
  • Best and worst airports in the US
  • US manufacturing worker crisis to get much worse, study shows
  • US economy will hit snag in 2019: Dallas Fed’s Kaplan
  • Elizabeth Warren: Leveraged lending is US economy’s ‘ticking time bomb’
  • Job hunting? These 10 US cities have the best opportunities
  • Pfizer to hike prices of 41 prescription drugs next year
  • The Never Nancy movement is gaining legs: Kennedy
  • Foxconn bests Amazon in incentives for fewer, lower-paying jobs
  • Beyoncé cuts ties with Topshop chief amid sexual allegations
  • Amazon’s NYC headquarters will displace 1,000 public school employees
  • Social Security’s ultimate insult
  • Hockney’s pool painting sells for record $90M
  • FAO Schwarz makes a big comeback three years after it closed
  • PG&E shares post big rebound after massive tumble
  • Wounded veteran rebuilds life starting a fudge business
  • Is a ‘hard’ Brexit the best deal for the UK?
  • Oil rises on expected supply cuts, though US output still surges
  • S. output has surged by almost a quarter since the start of the year.
  • Trump tax cuts won’t spare Americans higher taxes over time: Report
  • Facebook CEO Mark Zuckerberg having a ‘high noon’ moment: Varney
  • California PG&E wildfire victims susceptible to financial sucker punch: Judge Napolitano
  • Maxine Waters threatening banks is a lot of noise, no serious action: Varney
  • Want $10,000? This Oklahoma city will pay you to relocate
  • Medicaid spending accelerates as states spend more than $2T
  • NFL’s Cleveland Browns could hire female head coach, executive says

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

9MarketIndicatorsYahooFinance11.16.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.16.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

CavcoIndustriesLogoCVCOLogoManufacturedModularHousingLegalSECInvestigationsDailyBusinessNewsMHProNews

Our 3 prior Daily Business News on MHProNews reports about the Cavco Industries swirling controversies can be found linked below.   They are linked in the order published.

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

With those a backdrop, two more specialized firms have announced their own legal investigations.

Manufactured Housing Institute on Cavco Industries, ex-Chairman Joe Stegmayer SEC “Debacle”

GlancyProngay&MurrayLLPAttorneyAtLawCAVCOIndustriesCVCODailyBusinessNewsMHProNews

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Cavco Industries, Inc. (“Cavco” or the “Company”) (NASDAQ: CVCO) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On November 8, 2018, Cavco revealed that it had received a subpoena from the SEC’s Division of Enforcement on August 20, 2018, requesting certain documents relating to trading in the stock of a public company, and that then-Chief Executive Officer Joseph Stegmayer had received a subpoena regarding similar issues on October 1, 2018.

Cavco stated: “At this time, the Company believes that Mr. Stegmayer traded in certain publicly traded stock in his personal accounts as well as in accounts held by Cavco at a time when the Company had agreed to refrain from such trading. The Company intends to cooperate fully with the SEC’s investigation. Effective November 8, 2018, Mr. Stegmayer stepped down from his position as Chairman, President and Chief Executive Officer of the Company after an internal investigation, conducted by independent legal counsel to the Audit Committee of the Board of Directors, identified certain violations of Company policy related to securities trading activities conducted by Mr. Stegmayer.”

On this news, Cavco’s share price fell $49.48 per share, or over 23%, to close at $165.20 per share on November 9, 2018, on unusually heavy trading volume.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased Cavco securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

###

LawOfficesofHowardGSmithCVCODailyBusinessNewsMHProNews

 

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Cavco Industries, Inc. Investors (CVCO)

 

BENSALEM, PA.– Law Offices of Howard G. Smith announces an investigation on behalf of Cavco Industries, Inc. (“Cavco” or the “Company”) (NASDAQ: CVCO) investors concerning the Company and its officers’ possible violations of federal securities laws.

On November 8, 2018, Cavco revealed that it had received a subpoena from the SEC’s Division of Enforcement on August 20, 2018, requesting certain documents relating to trading in the stock of a public company, and that then-Chief Executive Officer Joseph Stegmayer had received a subpoena regarding similar issues on October 1, 2018.

Cavco stated: “At this time, the Company believes that Mr. Stegmayer traded in certain publicly traded stock in his personal accounts as well as in accounts held by Cavco at a time when the Company had agreed to refrain from such trading. The Company intends to cooperate fully with the SEC’s investigation. Effective November 8, 2018, Mr. Stegmayer stepped down from his position as Chairman, President and Chief Executive Officer of the Company after an internal investigation, conducted by independent legal counsel to the Audit Committee of the Board of Directors, identified certain violations of Company policy related to securities trading activities conducted by Mr. Stegmayer.”

On this news, Cavco’s share price fell $49.48 per share, or over 23%, to close at $165.20 per share on November 9, 2018, on unusually heavy trading volume.

If you purchased Cavco securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

###

 

As noted in the caption in our graphic above, MHProNews is not taking a position on this still emerging controversy. Rather, we are providing a sense of the visible activities that may provide industry professionals and investors some clues about what a Cavco insider called a “debacle.” See our related reports, linked above and below.

Cavco Shareholder Suits Prepping, CVCO, SEC, Insider Responses to Growing Scandal

 

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).

11.16.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.

LoL! Larry King on RT Says – “CNN Stopped Doing News” – Demos How Fake News, Media Propaganda, Are Done, Plus MH Market Updates

November 15th, 2018 No comments

CNNmoney11.15.2018ManufacturedHomeStocksMarketsReportsMHProNewsDon’t skim this featured report.

If you are reasonably young, you may or may not recall that Larry King used to be on CNN.  If you aren’t familiar with RT ‘news,’ it’s one of the troubling realities of American media today.  Politico reminded readers last December that the Department of Justice (DOJ) made the “decision to direct Russian-backed English-language news outlet RT to register as a foreign agent…” But how well is that fact known?  A humorous yet vexing look at a recent feature by RT, to use as a way of showing how RT does it.  Our analysis will also reveal how RT has gone after someone well known in MHVille, none other than Warren Buffett, Berkshire Hathaway and Clayton Homes.  That will be our focus for this evening.

 

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.

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Note that RT didn’t make Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. RT is an agent of Russia. http://www.mhpronews.com/blogs/daily-business-news/no-fire-just-smoke-and-democratic-clinton-supporter-says-enough/

 

Select bullets from CNN Money…

  • PG&E plunges again on Camp Fire legal fears
  • Former GE boss Jeff Immelt reveals his biggest regrets
  • Facebook unveils new way for users to appeal content removal
  • Judge postpones decision in CNN lawsuit over Jim Acosta’s press pass
  • Bernie Sanders unveils Stop Walmart Act
  • Boeing stumbles on Lion Air crash concerns
  • Bid to shake up Campbell Soup gets a boost
  • Apple shares rebound after 5-day stock slide
  • Facebook goes on defensive over New York Times investigation
  • Democrats and Republicans agree: The bull market will likely end within two years
  • Oil’s slide could be a worrying economic sign
  • PERSPECTIVES 3 things businesses can do to win the climate change fight
  • Ikea’s plan to fix the pollution crisis in India’s cities
  • Sears won some more time to save itself. But not a lot more
  • JCPenney could be in danger of following Sears into bankruptcy
  • Sears should close for good, creditors say
  • How Sears wasted $6 billion that could have kept it out of bankruptcy
  • Sears’ extraordinary history: A timeline
  • Amazon’s biggest customer may soon be the US government
  • Helipads and everything else Amazon’s getting out of its deals
  • The cities that lost out on Amazon’s HQ2 still won
  • Timeline: Amazon’s extraordinary evolution
  • gfx resume wording
  • Want to get hired? Your résumé should look like this
  • The argument against having close friends at work
  • When you love your job, but hate your coworkers
  • How to talk about politics at work

Select Bullets from Fox Business

 

  • Stocks claw back on trade talk optimism
  • Powell credits strong US economy to Fed policies
  • PG&E shares plunge on California wildfire liability fears
  • US taxpayers face higher dues thanks to this new law
  • Social Security’s ultimate insult
  • Amazon’s NYC headquarters will displace 1,000 public school employees
  • NFL’s Cleveland Browns could hire female head coach, executive says
  • USPS gets record high stamp price hike as losses mount
  • Wounded veteran rebuilds life starting a fudge business
  • 2019 could be the fastest global growth year on record: Jamie Dimon
  • Facebook says it will create independent body to monitor offensive content
  • Maxine Waters threatening banks is a lot of noise, no serious action: Varney
  • FDA looks to outlaw menthol cigarettes
  • UnitedHealth offering Americans free Apple Watch if they do this
  • American Airlines unaware of Boeing 737 Max functions related to potential hazard
  • Want $10,000? This Oklahoma city will pay you to relocate
  • Tesla’s Elon Musk says Model 3 can be delivered by end of the year
  • Medicaid spending accelerates as states spend more than $2T
  • Oracle loses $10B Pentagon contract protest as rivals fear Amazon is front-runner
  • Thanksgiving dinner is getting cheaper

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

9MarketIndicatorsYahooFinance11.15.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.15.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

LolLarryKingonRTSaysCNNStoppedDoingNewsDemosHowFakeNewsMediaPropagandaAreDonePLusMHMarketUpdates

Still from RT video, shown below. RT is not being endorsed in any form or fashion, rather, it is being used as an example of how faked news is done.

On Nov 13, 2017, “The Kremlin-backed television station RT America registered Monday with the U.S. Department of Justice as a “foreign agent, said Reuters.

RT is doing something that others have done in trying to influence Americans, namely, hire a reasonably well known “name” – in this example, Larry King, formerly with CNN – and put them on the air to do some news and commentary.

The Moscow Times reported that initially, RT declined the DOJ demand to register as a foreign agent.

RT Refuses U.S. Request to Register as Foreign Agent … and the dialogue is ongoing,” said on Oct 20, 2017, said “RT’s head of communications Anna Belkina told CNN.”

For someone who follows media more closely than most of the population, its an absolute riot.  Because last week, Larry King told his RT interviewer – also an ex-CNN news team member, that CNN had stopped doing news a long time ago.

Per RT’s YouTube page, “Larry King joins Rick Sanchez to discuss the tone of the 2018 midterm elections. He’s never seen a midterm election season so dominated by such intense political acrimony. He points out that establishment networks “don’t do news anymore” and thus contribute to bitterness and polarization with their constant partisan coverage of Trump.”

King says that Fox is all pro-Trump, which is obviously not true, because several Fox contributors openly oppose the 45th President, even though others obviously support POTUS Trump.

And this is the challenge with fake news.  Here’s how Faked News is routinely done:

  • Fake news is often a mix of something that is true, with something that is not true and/or exaggerated.
  • Fake news doesn’t aim to fool everyone, it just aims to fool some viewers or readers.
  • ICYMI, when the president uses the phrase, “fake news is the enemy of the people” it is a carefully chosen phrase. The White House routinely cites left-wing, pro-Democratic media outlets.  But they do so on reports that are more ‘fair and balanced.’ It’s the White House’s way of saying what First Daughter and Presidential Adviser Ivanka Trump has said, that not all news is fake news.  All news is not the ‘enemy of the people.’

Back to RT.

RT’s job is purportedly like the 2016 Russian efforts in the U.S. election, namely, that they wanted to divide Americans. There is every reason to think that the Russians hated Secretary of State Hillary Clinton, but there is no demonstrable evidence that they therefor loved Donald J. Trump. There were examples of divisive messages aimed against both Secretary Clinton and candidate Trump.

We note the RT example for several reasons, because many who don’t know the network might be surprised to know that they targeted Warren Buffett once before.

In that episode of RT’s Keiser Report,Max Keiser and Stacy Herbert discuss rendering unto Caesar that which is Caesar’s – and unto Warren Buffett (and other tollbooth operators) everything else. In the second half, Max interviews internet and tech pioneer Halsey Minor about his latest venture, Bitreserve.org, a next-generation money service built on top of bitcoin.”

 

YouTube marked the report above as follows: “RT is funded in whole or in part by the Russian government.”

That doesn’t mean that RT doesn’t get some things correct.  But if so, it is usually with an agenda, a purpose.  That, ladies and gents, is how slick propaganda is done. Imagine what RT could do with the facts linked below.

 

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

The good news about RT?  It provides a teachable moment. That is how “faked news” is done, some truth, some open or hidden agenda, some hype, spin our outright falsehood.  But sadly, it happens in other American media too.

ThomasSowellQuoteIfPeopleInMediaCannotDecideWhetherTheyAreInNewsReportingbusinessorManufacturingPropagandaMoreImportantForPublicchoseNewssourcesAccordingly

Related reports:

“Family Jewels,” MHVille Insider Tips, “Info Wars” and Omaha, Knoxville, California, Seattle and Arlington, and DC Connections

“Shadows of Liberty” Movie Introduction, Affordable Housing, and You

Due Credit, Warren Buffett, Media, and Manufactured Housing’s Historic Achievement

 

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).

11.15.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.

Cavco Shareholder Suits Prepping, CVCO, SEC, Insider Responses to Growing Scandal

November 15th, 2018 No comments

 

CavcoShareholderSuitsPreppingCVCOSECInsiderResponsesGrowingScandalHolzerHolzerLawLogoKaseklaLawLogoCavcoLogo

Cavco and the Securities and Exchange Commission (SEC) have both responded to inquiries from the Daily Business News on MHProNews. Before turning to their comments, the larger news item is the start of the headline above. At least two law firms are calling on Cavco Industries (CVCO) shareholders to contact them, as they advance investigations that aim to sue-for-damages for wrongdoings by the publicly trade manufactured and modular home company.

 

The “Debacle” at Cavco

As a follow up to last night’s report, linked below, an insider with Cavco has called the developments at the Phoenix, AZ based firm a “debacle.”

Other sources at Cavco with knowledge have declined specific comments, perhaps knowing that the matter has already harmed the value of any shares that they personally hold.

 

Manufactured Housing Institute on Cavco Industries, ex-Chairman Joe Stegmayer SEC “Debacle”

 

Our report last night report last night included the following:

 

CVCOJoeStegmayerStockDropAfterSECCOnnectedShakeupManufacturedHousingIndustryDailyBusinessNewsMHproNews

 

Shareholder Alert” from 2 Law Firms

Their news release opened with, “SHAREHOLDER ALERT: Investigation of Cavco Announced by Holzer & Holzer, LLC

HolzerHolzerGoogleSummaryClassActionAttorneyDailyBusinessNewsMHProNews

It continued as follows:

Holzer & Holzer, LLC is investigating whether certain statements made by Cavco Industries, Inc. (“Cavco” or the “Company”) (NASDAQ: CVCO) complied with federal securities laws. On November 8, 2018, Cavco announced that an internal investigation had identified certain violations of the Company’s policy related to securities trading activities by former CEO, Joseph Stegmayer. The price of Cavco common stock fell significantly following this announcement.

If you purchased Cavco common stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Marshall P. Dees, Esq. at mdees@holzerlaw.com, or by toll-free telephone at (888) 508-6832 to discuss your legal rights.”

 

HolzerHolzerAttorneyForInvestorsDailyBusinessNewsMHproNews

 

Another media release from a different law firm provided to MHProNews said the following.

 

KasekalaLawLLCLogoManufacturedHousingIndustryDaiyBusinessNewsMHProNews

All images and content are provided under fair use news media guidelines.

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Cavco Industries, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm – CVCO

What follows is the body of their media statement.

Nov 14, 2018

Legal Newswire POWERED BY LAW.COM

RADNOR, Pa.,  — Kaskela Law LLC is investigating Cavco Industries, Inc. (NASDAQ: CVCO) (“Cavco” or the “Company”) on behalf of investors.  The investigation seeks to determine whether Cavco and certain of its officers and/or directors made false and/or misleading statements to investors, and whether Cavco investors have been harmed as a result.

Cavco investors with financial losses in excess of $100,000 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or via email at skaskela@kaskelalaw.com, to discuss this investigation and their legal rights and options.  Additional information about this investigation may also be found at http://kaskelalaw.com/case/cavco-industries-inc/

On November 8, 2018, Cavco disclosed that “on August 20, 2018, the Company received a subpoena from the SEC’s Division of Enforcement requesting certain documents relating to, among other items, trading in the stock of [a] Public Company.  On October 1, 2018, the SEC sent a subpoena for documents and testimony to former Chairman, President and Chief Executive Officer, Joseph Stegmayer regarding similar issues.  At this time, the Company believes that Mr. Stegmayer traded in certain publicly traded stock in his personal accounts as well as in accounts held by Cavco at a time when the Company had agreed to refrain from such trading. The Company intends to cooperate fully with the SEC’ s investigation.  Effective November 8, 2018, Mr. Stegmayer stepped down as Chairman, President and Chief Executive Officer of the Company after an internal investigation, conducted by independent legal counsel to the Audit Committee of the Board of Directors, identified certain violations of Company policy related to securities trading activities conducted by Mr. Stegmayer. The internal investigation remains ongoing.”  

Following this news, shares of the Company’s common stock declined $49.48 per share, or over 23%, to close on November 9, 2018 at $165.20 per share, on heavy trading volume. 

Cavco investors with financial losses in excess of $100,000, and individuals with information relevant to this investigation, are encouraged to contact Kaskela Law LLC at (888) 715 – 1740 or via http://kaskelalaw.com/case/cavco-industries-inc/ Kaskela Law LLC exclusively represents investors in state and federal actions throughout the country.  For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.  This notice may constitute attorney advertising in certain jurisdictions.

URL : http://www.kaskelalaw.com

Contact Information:

Kaskela Law LLC

Seamus Kaskela, Esq.

201 King of Prussia Road

Suite 650

Radnor, PA 19087

(484) 258 – 1585

(888) 715 – 1740

skaskela@kaskelalaw.com

www.kaskelalaw.com

The Kaskela website says the following about the firm’s specialty and services.

Kaskela Law represents current and former shareholders of publicly traded corporations in securities fraud class actions, shareholder derivative actions, and merger & acquisition litigation. The firm exclusively litigates cases on behalf of investors on a contingency basis – advancing all costs and fees until the successful completion of a case.”

 

Cavco, SEC Responses to MHProNews Inquiries

Joe_Stegmayer_Cavco_credit_MHProNews

Joe Stegmayer.

What follows are the replies from media spokesmen for Cavco and the SEC.

They could be summed up as ‘polite, artful dodges,’ but we asked for an attorney to review those replies, which will follow further below, as they are insightful.

That outside attorney’s off-the-record responses are likely to be of wide interest to manufactured housing industry professionals, as well as to Cavco shareholders. As a disclosure, it should be noted that the principles of MHProNews hold no positions in that company.

Note that John Lovallo was the Cavco designated contact for this matter involving ex-chairman, Joe Stegmayer.

Lovallo was asked about the threat of litigation being raised by the law firms above. As of this time, no reply has come to that inquiry.

However, Lovallo did reply to prior inquiries by MHProNews, as follows.

First, the only public statement relating to the findings of the independent investigation and SEC subpoenas is included in the Company’s SEC filings and public disclosures.

The only additional public/on the record statement I can provide on the SEC matter is as follows:

“The Company is fully cooperating with the SEC’s investigation 

Related to your other comments our additional public/on the record statement is as follows:

“It is business as usual at the Company. Cavco continues to build quality, energy efficient homes for the modern-day home buyer, and team members are focused on providing customers and partners best in class service. 

Cavco is a strong Company and is strategically positioned to continue to be an industry leader under Dan Urness’s leadership. And, as reported last week, the Company’s fiscal second quarter 2019 financial results were strong. 

Mr. Urness and his team are focused on continuing to execute. The Board of Directors fully supports Cavco’s current strategy and is confident that Dan Urness is the right person to build on the Company’s success.” 

You can attribute the above statements to John Lovallo spokesperson for Cavco Industries.”

 

A follow up questions that asked which stock(s) were involved brought a polite, prompt reference back to the previous statement.

Per Lavollo, “Here is the link to our public filing (10Q), which covers our public disclosure on the SEC matter – https://investor.cavco.com/public/phhweb/gallery/userupload/ir-doc-580/cvco_2018.9.29_10q_final.pdf 

Please see page 25, paragraph 4, where it states: 

“Legal Matters. On August 20, 2018, the Company received a subpoena from the SEC’s Division of Enforcement requesting certain documents relating to, among other items, trading in the stock of another public company. On October 1, 2018, the SEC sent a subpoena for documents and testimony to Joseph Stegmayer, the Company’s former Chairman, President and Chief Executive Officer, regarding similar issues. At this time, the Company believes that Mr. Stegmayer traded in certain publicly traded stock in his personal accounts as well as in accounts held by the Company at a time when the Company had agreed to refrain from such trading. The Company has initiated an independent investigation and intends to cooperate fully with the SEC’s investigation.” 

This is our public disclosure related to the SEC matter.

John

John Lovallo

Practice Chair – Financial Communications

 

JohnLovalloPhotoLevickLogoCommunicatingTrustCAVCOIndustriesCVCODailyBusinessNewsMHProNews600

 

About Lovallo, Levick and Cavco

Cavco Industries has their own media relations person. That normal press relations person at Cavco was also contacted, but allowed John Lovallo to make all of their formal replies in this Stegmayer/SEC matter.

Why is that significant?

Because Lovallo works for Levick, which their site describes as follows.

We are the leading public relations firm that establishes and protects trust. LEVICK deploys uniquely qualified teams – armed with the instincts, influence, and experience needed to win your battles in an increasingly complex and challenging world.

As the screen capture below reflects, Levick is into “crisis management.”

 

LevickCommunicatingTrustCrisisManagementDailyBusinessNewsMHProNews

 

Put differently, it’s arguably recognition by management at Cavco that they have a crisis, which they are trying to manage as best they can. That’s not implying something sinister. Rather, it’s perhaps an intelligent option to attempt to protect a firm and its shareholders.

But that in turn arguably underscores what our well-placed source told MHProNews, namely, that this is a “debacle” at Cavco.

Given Joe Stegmayer’s role as MHI Chairman, it’s a “debacle” that arguably reflects beyond Cavco.

Which brings us to the SEC.

Christopher Carofine, at the U.S. Securities and Exchange Commission, told MHProNews that the organization “Decline to comment.”  That was in response to this inquiry.

Cavco’s press release

 

https://globenewswire.com/news-release/2018/11/08/1648646/0/en/Cavco-Industries-Annouces-Executive-Leadership-Changes.html

says in part as follows:

The Company also announced that it had received a subpoena from the Securities and Exchange Commission’s Division of Enforcement (“SEC”) requesting certain documents relating to, among other items, trading of the stock of another public company. Subsequent to sending the Company a subpoena, the SEC sent a subpoena for documents and testimony to Joseph Stegmayer, regarding similar issues. The Company has initiated an independent investigation and intends to cooperate fully with the SEC’s investigation. Please see Part II, Item 1, Legal Proceedings section of the Company’s quarterly report on Form 10-Q for the period ended September 29, 2018, filed with the Securities and Exchange Commission contemporaneously with the issuance of this press release, for additional information regarding this matter.”

Our question is this.  Which company was the “trading of the stock of another public company” referring to, please?”

But the next direct ‘no comment’ could, depending on the answer to the issues raised herein, be a hidden story-behind-the-Cavco-trading-story.

MHProNews asked the SEC’s Carofine, “Are you investigating possibly AntiTrust issues? Involving Clayton Homes (Berkshire Hathaway), Cavco and Stegmayer, who is still the Manufactured Housing Institute chair?”

Carofine’s reply?

Decline to comment.”

 

Outside Counsel OTR Feedback to Above

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

According to an outside attorney asked to review the puzzle pieces laid out above, “the key language to me — and potentially the key to solving the mystery — is the language “at a time when the company had agreed to refrain from such trading.”  That would indicate that there was some previous issue with the SEC or other regulators — i.e., “agreed” with who?  And why?  Would the trading have been legal but for that agreement?  Did the agreement grow out of a previous enforcement action? When?  Probably the agreement was in writing.  Where is it?  Wouldn’t such an agreement be germane to investors?  Was it disclosed?  When?  If not, why not?

 

Another legal comment indicated that this may or may not connect to concerns by some in the industry that a masked antitrust issue may be at play.

It’s a concern that is denied by those asked at Cavco.

But Stegmayer, who is a former division president for Clayton Homes, per some industry sources, needed help to get his early acquisitions of other manufactured home firms at Cavco ‘done.’  “Their [Cavco’s] balance sheet didn’t support” their early acquisition, was an argument made by one such source, when MHProNews asked for evidence of their concern.

CavcoIndustriesCVCOFocusTransformationManufacturedHousingIndustryDailyBusinessNewsMHProNews

From Cavco IR presentation.

It should be noted that prior to receiving documents on 21st used in Smoking Gun 3 (see related reports, further below) and other MHProNews articles, those was just another unconfirmed claim. Obviously, those documents transformed a mere claim into a noteworthy purported path to consolidate manufactured housing.  So, if there is specific evidence about Cavco and their acquisitions, it should be presented to investigators or MHProNews, which can be done off-the-record.

An attorney indicated that the pending CVCO shareholder suits, if they aren’t settled out of court, could reveal information on that antitrust, MHI, Clayton, or other subjects in discovery.  Because these have possible antitrust and/or RICO implications, and could be a thorny issue for the Manufactured Housing Institute (MHI) too.

MHProNews will continue to monitor this issue and expects relevant updates from contacts with the various operations noted above. That’s this morning’s MH “Industry News, Tips, and Views Pros Can Use,” 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.

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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:

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

 

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

 

 

Manufactured Housing Institute on Cavco Industries, ex-Chairman Joe Stegmayer SEC “Debacle”

November 14th, 2018 No comments

 

JoeStegmayerPhotoManufacturedHousingInstituteLogoMHILogoChairmanCavcoIndustriesLogoManufcturedHomesMHProNews600x315

The Manufactured Housing Institute (MHI) has sent out a message to their members earlier today.  It’s debatably a common-for-the-Arlington, VA based trade group, in that it has a mix of purportedly accurate, questionable, misleading, and missing information.

 

Among the more interesting points are what MHI was mute on.

For example, what is to become of Joseph Stegmayer, who is still listed on the MHI website as their current executive committee chairman?

 

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

 

Stegmayer stepped down last week under the cloud of an Securities and Exchange (SEC) subpoena, as the Daily Business News on MHProNews reported at this link above.

Quoting part of Cavco’s statement: “The Company also announced that it had received a subpoena from the Securities and Exchange Commission’s Division of Enforcement (“SEC”) requesting certain documents relating to, among other items, trading of the stock of another public company. Subsequent to sending the Company a subpoena, the SEC sent a subpoena for documents and testimony to Joseph Stegmayer, regarding similar issues. The Company has initiated an independent investigation and intends to cooperate fully with the SEC’s investigation. Please see Part II, Item 1, Legal Proceedings section of the Company’s quarterly report on Form 10-Q for the period ended September 29, 2018, filed with the Securities and Exchange Commission contemporaneously with the issuance of this press release, for additional information regarding this matter.”

Sources suggest to MHProNews that if Stegmayer is cleared, he might return to a leadership role at Cavco. But if the SEC investigation proves to be as serious as some inside and outside of the publicly trade firm (CVCO) believe, Stegmayer could be exited from his new interim role.  The full Cavco release is found at this link here.

 

“Debacle”

An insider, well-placed source told MHProNews that the development at Cavco was a “debacle.” There will be a separate follow-up report that focuses on updates from Cavco and other sources on the Stegmayer matter.

But why is Stegmayer still in his position as MHI Chairman, while the fog of an SEC investigation hangs over Cavco?

 

CVCOJoeStegmayerStockDropAfterSECCOnnectedShakeupManufacturedHousingIndustryDailyBusinessNewsMHproNews

 

Scandal and Some MHI Chairmen…

Recall that MHI didn’t budge when then-Chairman Nathan Smith came under his own cloud when residents of SSK filed a class action suit against his firm.

Other controversies during the Tim Williams/21st Mortgage prior chairman era failed to move the Arlington, VA based association then.  That included, but isn’t limited to, allegations of racism and predatory lending against Berkshire brands.  Congresswoman Maxine Waters is now slated to take over as the chair for the House Financial Services Committee.  Waters and her colleagues asked for the Department of Justice (DOJ) to investigate.

 

Seattle Times -Federal Investigations-Berkshire Hathaway’s Clayton Homes, GuruFocus Spotlights Buffett’s Clayton’s “Unethical,” Monopolistic Moat

 

According to the Seattle Times, those investigations are ongoing. MHProNews recently reported that other federal investigations of MHI member ‘big boys’ are also under investigation.

 

Affordable Housing, the Visible, Yet Mysterious Struggle for an Obvious Solution, Case Examples

 

One or more investigation storm(s) of the manufactured housing industry’s larger members, potentially including MHI itself, are purportedly approaching.  And should that tempest become public in an oversight way, it may come from Democratic sources, given statements by Waters and others.

Yet for whatever reasons, Tim Williams, Jim Clayton, Warren Buffett and others supported opposition candidates that previously worked for MHI on Preserving Access.  Or is that part of the point?

Recall that Nathan Smith admitted that the industry (i.e.: MHI) had to honestly admit the times it dropped the ball.

 

 

That said, where are any of the issues raised herein addressed in MHI’s recent email news today? Where is the transparency that the late Howard Walker – who was on the MHI Executive Committee for years – said should exist?

 

HowardWalkerPhotoELSViceChairmanManufacturedHomeCOmmunitiesManufacturedHousingInstituteExecCommitteeMemberQuoteTransparencyMHProNews

Thoughtful words, worth pondering. 

 

ManufacturedHousingInstituteLogoMHILogoNewsUPdatesMHProNews11.14.2018DailyBusinessNewsMHProNews

 

Note there are other debatably deceptive, misleading or a mix of truth-with-slight-of-hands in the recent MHI communication to their members.  Some of those may be explored further in the days ahead.

In the meantime, a simple word to the wise.  If MHI said it, how does it stack up to objective facts?

NOTICE: Watch for a follow up report on the Cavco/Stegmayer/SEC matter in the days ahead. To sign up for our emailed headline news, see the link here or below.

The Daily Business News on MHProNews will continue to track and report on these issues. “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:

Cavco Shareholder Suits Prepping, CVCO, SEC, Insider Responses to Growing Scandal

 

National New HUD Code Manufactured Home Production Data Summary, September 2018 Analysis

 

“Rent is Too Damn High,” But Why? MHVille Struggles & Solutions

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

 

Affordable Housing, the Visible, Yet Mysterious Struggle for an Obvious Solution, Case Examples

 

 

 

Right Winger and Socialist Agree on Amazon & Bezos’ Deal, Plus MH Market Update

November 14th, 2018 No comments

CNNmoney11.14.2018ManufacturedHomeStocksMarketsReportsMHProNewsIt seems that the left and right don’t agree on a lot these days, so the fact that Democratic Rep.-elect Alexandria Ocasio-Cortez, a self-declared socialist, and Fox News host Tucker Carlson agree on Amazon’s new deal alone ought to be newsworthy. A look at what Amazon – which recently had an affiliate enter the factory-built housing business via an investment – and what’s behind their HQ deal is eye opening.  It will be our featured report this evening.

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.

 

Select bullets from CNN Money…

  • Hearing underway in CNN lawsuit over White House press access
  • Canopy Growth CEO wants investors to be patient with pot
  • PERSPECTIVES Why Amazon was always going to pick a major city for HQ2
  • Amazon HQ2 process highlights the company’s data obsession
  • Trump argues in court filing that he can limit journalists’ access to White House
  • Fox News and other outlets join fight over press access to White House
  • PG&E could be in big financial trouble if it’s found liable for California’s Camp Fire
  • Japan’s economy has a $5 trillion problem
  • Wall Street is worried about more Apple woes
  • What the Brexit deal means for business, markets and the economy
  • Global slowdown: 3 of the top 4 economies are suffering
  • Blue Apron announces more layoffs as sales sink
  • How Burger King fell behind
  • E-Commerce Guide by CNN Underscore
  • Thoughtful gifts to give co-workers this holiday
  • JCPenney is in the red
  • The department store could be in danger of following Sears into bankruptcy
  • How it all went wrong at JCPenney
  • JCPenney names Jill Soltau as its new CEO
  • Bloomingdale’s wants to sell fridges and TVs. Will it work?
  • Sears should close for good, creditors say
  • How Sears wasted $6 billion that could have kept it out of bankruptcy
  • MOST ACTIVE STOCKS
  • Fixing GE ‘is the challenge of a lifetime,’ CEO says
  • Feud over Campbell Soup’s future could break up the 149-year old soup company
  • Sears should close for good, creditors say
  • GM offers buyouts to 18,000 employees
  • Kellogg may sell off Famous Amos and Keebler
  • Tesla’s reign as the king of electric cars could be in jeopardy
  • Why Ford and VW will get together — but not get married
  • Car companies rush to embrace scooters and bikes
  • China is crushing Europe’s electric car dreams
  • GM’s donut-ordering app is helping it prepare for a driverless future

Select Bullets from Fox Business

  • UnitedHealth offering Americans free Apple Watch if they do this
  • Gas prices fall ahead of Thanksgiving — is $2 per gallon next?
  • Canada can’t grow enough pot
  • Drug prices may ‘surge’ in near future, insurer warns
  • PG&E’s liabilities for California wildfire lawsuits may exceed insurance coverage
  • Oracle loses $10B Pentagon contract protest as rivals fear Amazon is front-runner
  • Want $10,000? This Oklahoma city will pay you to relocate
  • USPS gets record high stamp price hike as losses mount
  • Steelers star Le’Veon Bell forfeits entire $14.5M salary amid contract dispute
  • Chick-Fil-A to give out $1M in free chicken sandwiches for delivery launch
  • Tax Cuts 2.0: Prospects post midterms
  • Jeans retailer Levi Strauss plans to go public: Report
  • GE’s Baker Hughes sale too little, too late: Bob Nardelli
  • Amazon poised to hike prices substantially for New York, Virginia renters
  • Black Friday: Why you might want to skip shopping that day
  • CNN has a good case against White House over Acosta’s revoked press pass: Judge Napolitano
  • Elon Musk’s liquor brand ‘Teslaquila’ opposed by Mexican tequila industry
  • Are creditors demanding the liquidation of Sears?
  • Top ‘10 worst toys list’ released by safety group
  • Amazon HQ2 turned down these enticing offers
  • Amazon ‘duped’ New York into ‘bad deal’ for new HQ, local politicians say
  • How Amazon HQ2 ups the ante for employers
  • US debt payments will soon exceed military spending
  • Obama memoir ‘Becoming’ released as part of $60M book deal
  • Victoria’s Secret CEO Jan Singer to resign
  • Paul Krugman’s unwitting case for the electoral college
  • This is not your father’s Republican Party: Varney
  • Kennedy: Amazon’s split decision creates a splitting headache

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

9MarketIndicatorsYahooFinance11.14.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.14.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

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 –

AmazonRightWingerSocialistAgreeAmazonBezosDealPlusMHMarketUpdate

 

Fox News host Tucker Carlson said that Rep.-elect Alexandria Ocasio-Cortez has a very good point” about Amazon getting large tax breaks after the company announced it would build half of its newest HQ site in the New York City borough of Queens.

 

 

But the second HQ across the Potomac from Washington, D.C. gets more of the attention in this analysis by Fox’s Carlson and Professor Brian Benberg, of King’s College.  The discussion points out that Amazon’s Bezos putting half of the HQ near Congress puts “20,000 boots on the ground” to lobby, as well as the millions they already spend for lobbyists.

NOTICE: TWO special reports which includes an update on CVCO is planned for this evening, and another for tomorrow AM. They will update the following story, with new insider and other related details.

 

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

 

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).

11.14.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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.

Tariffs, Tech, Fed, Oil, Commodities and Today’s Tumble, Plus MH Equities Updates

November 12th, 2018 No comments

CNNmoney11.12.2018ManufacturedHomeStocksMarketsReportsMHProNewsCNBC did highlight the factors noted in the headline, above as factors in the markets tanking today. What wasn’t included was talk that House Democrats are reportedly now up to over 100 planned investigations of the Trump Administration.  So much for bipartisanship. Elections have consequences, and the early signals are raising a caution flag since last Tuesday. But the focus for this evening are the insightful facts, noted in our headline, above.

 

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.

 

Select bullets from CNN Money…

  • Consumers are spending and it’s not just at Walmart and Amazon
  • Oil hit with longest losing streak on record
  • PERSPECTIVES The US is too reliant on oil. Here’s how to fix that
  • Saudi Arabia’s oil reversal is a win for American shale
  • Michelle Obama’s memoir tops Amazon best-seller list days ahead of release
  • Reporters gear up for around-the-clock coverage of California fires
  • Justin Trudeau is a feminist. For him, that’s a given
  • Fixing GE ‘is the challenge of a lifetime,’ CEO says
  • Why Ford and Volkswagen will get together – but not get married
  • Brexit headlines predict catastrophe
  • SoftBank is getting ready for one of the world’s biggest IPOs
  • Smartphone prices in India are rising. Blame the weak rupee
  • E-Commerce Guide by CNN Underscore
  • Amazon’s Pre-Black Friday Sale starts now
  • Dow plunges 600 points
  • A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 9, 2018. REUTERS/Andrew Kelly
  • The real reason why the stock market is down
  • Wall Street loves gridlock. But gridlock isn’t always great
  • Crude oil suffers longest losing streak since 1984
  • The dollar is really strong. That could hurt the economy
  • Track investor sentiment with the Fear & Greed index
  • This app puts a trainer in your ear
  • Bombas founders wanted to help the homeless — by giving them socks
  • Scrappy US startup puts 6 small satellites into orbit
  • Vetting roommates is tricky work. This app does it for you
  • Silicon Valley startups are still taking Saudi cash
  • Creditors: Sears should close for good
  • How Sears wasted $6 billion
  • Chairman structured deals to enrich himself, creditors suggest
  • Say goodbye to another 40 Sears and Kmart stores
  • Believe it or not, Sears once revolutionized retail

Select Bullets from Fox Business

 

  • Apple, Goldman Sachs push Dow down 600 points
  • China trade deal jeopardizes stock market, portfolio manager says
  • FDA to seek a ban on menthol cigarettes
  • Permanent tax cuts for middle class becoming more doubtful
  • Facebook denies firing anti-Hillary Clinton supporter who favored Trump
  • This is why the DOJ could probe Comcast
  • Democrat turns to Civil War-era scheme to build up tech jobs for middle-Americans
  • Here’s how most Americans raise the value of their homes
  • Facebook’s site was down for 30 minutes, here’s why
  • Is the US the most overvalued stock market in history?
  • Oil price drop isn’t sustainable: Fmr. Shell Oil president Hofmeister
  • Here’s how big Wall Street’s bonuses will be in 2018
  • How to become an everyday millionaire
  • California wildfires rage, slamming PG&E, Edison International
  • MLB’s Dallas Keuchel invests in ‘NoSweat’ company, would shave beard to play for Yankees
  • Stan Lee dead at 95: Marvel co-creator’s superheroes grossed billions at box office
  • US Army to get advanced camouflage protection system
  • ‘Harry Potter’ author JK Rowling sues assistant for shopping spree
  • General Electric’s slow demise
  • These are the most livable mid-sized American cities
  • What Sessions’ resignation means for pot
  • Millennials are the pillar of economic growth: Here’s why
  • Boeing issued safety warning to pilots for 737 Max jets
  • Job help is US military veterans’ top request after serving
  • Home Depot creates 3,000 multimillionaires, co-founder says
  • Rockwell Automation looks to fill hundreds of jobs
  • Uber, Google co-founder and others may have flying taxis available by the 2020s
  • Disney posts strong profits with Fox deal now in focus
  • Ford bets big on electric scooters
  • AT&T’s HBO goes dark due to standoff with Dish
  • Looking to sell your home? Top advice from the ‘Property Brothers’
  • Marijuana stocks rise as Michigan legalizes recreational use

 

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

9MarketIndicatorsYahooFinance11.12.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.12.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

TariffsTechFedOilCommodotiesTodaysTumbilePlusMHEquitiesDailyBusinessNEwsMHproenws

CNBC said that a review of corporate earnings calls reflects that only about 9 percent of all companies are saying that tariffs are having a negative impact on a firm’s performance, and thus their stock’s value.

Per that source:

  • Tariffs are generating worries in the stock market, but not as much from company executives.
  • Tariffs are having a negative impact for only about 9 percent of companies, earnings calls show
  • With earnings season nearly completed, only about one-third of the companies reporting so far have used the word “tariffs” during their conference calls.
  • Of that group, less than 10 percent have said tariffs are having a negative impact.

Other factors weighing on the market on Veteran’s Day are:

  • Problems with global growth and the Federal Reserve.
  • Tech stocks, including Apple, but not them alone.
  • All the FANG names were down 2 percent to 3 percent, and the industrial and energy sectors were down 1.5 percent each, point to a bigger problem.
  • Domestic U.S. growth seems strong, but the global growth picture in Europe and China is generally weaker. That’s one reason all the high valuation stocks (FANG) are getting taken down.

Commodities Tumble in 2018

  • Oil: down 2.6 percent
  • Zinc: down 23 percent
  • Copper: down 19 percent
  • Aluminum: down 13 percent
  • Lumber: down 20 percent
  • Gold: down 8 percent

 

ICYMI, or need a reminder, our Friday report featured this move by Third Ave’s Daniel S. Loeb, who cut his firm’s positions in some big-name tech stocks.

 

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

 

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).

11.12.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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.

Markets Muted, Mixed, See FED OMC Meeting Notes, Plus MH Market Updates

November 8th, 2018 No comments

CNNmoney11.8.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe day after a 500+ point rise on the Dow, the markets were mixed and muted. The Federal Reserve Open Markets Committee kept rates the same, but there were some interesting clues in the tea leaves that investors – including those in MHVille – need to digest. That will be this evening’s focus report.

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.

 

Select bullets from CNN Money…

  • Crude oil plunges into bear market
  • New York is the hot spot for Big Tech
  • Fed leaves rates unchanged, signals December hike
  • Taming Elon Musk: 3 things his new boss must do
  • CBD-infused beverages could hit shelves soon
  • Bombardier cutting 5,000 jobs
  • Wells Fargo found another 145 customers who lost homes after a glitch
  • Police launch investigation after Antifa activists descend on Fox host Tucker Carlson’s home
  • Reporters condemn White House decision to bar Acosta
  • Toshiba to cut 7,000 jobs and refocus its business
  • How Harry Potter inspired Foursquare’s Dennis Crowley
  • Mountain climbing in a Rolls-Royce SUV
  • Off-roading in the world’s most expensive SUV
  • E-Commerce Guide by CNN Underscore
  • Amazon’s Pre-Black Friday Sale starts now
  • A last minute election surprise
  • An obscure website claimed Russia used social media to interfere in the midterms
  • Facebook takes down fake accounts over Russian troll farm concerns
  • A false viral election video and Twitter’s trouble with the truth
  • Facebook pulls Trump campaign’s racist anti-immigration ad
  • Big Tech and the midterms: The scary thing is what we still don’t know
  • Elon Musk has a new boss
  • Meet the new, profitable, Tesla
  • Does Tesla’s Model 3 Performance earn its pricetag?
  • Tesla was fined $20 million for Elon Musk’s tweets. Musk’s got it covered
  • Elon Musk stepping down as Tesla chairman
  • CAR COMPANIES TURN TO … SCOOTERS?
  • Ford takes a bet on scooters
  • GM is getting into the e-bike business
  • The age of scooter sharing is upon us
  • Segway was supposed to change the world. Two decades later, it just might
  • The rise and fall and rise again of Segway

Select Bullets from Fox Business

  • Stocks mixed after Fed leaves rates unchanged
  • Fed holds rates steady, December hike on tap
  • Weekly US jobless claims fall
  • Disney posts strong profits with Fox deal now in focus
  • Want to join the world’s one percent? Here’s how much you need
  • Maine’s outgoing governor moving to Florida over taxes
  • ‘Harry Potter’ author JK Rowling sues assistant for shopping spree
  • Americans don’t want higher taxes, midterm elections show
  • Google to expand New York City presence: What we know
  • Supreme Court Justice Ruth Bader Ginsburg fractures 3 ribs in fall
  • Harley-Davidson gives first look at new electric motorcycle
  • These states will pay higher taxes on items after midterm elections
  • Homeless tax passes in San Francisco with help from Salesforce founder
  • MLB star Bryce Harper rejects $300M offer from Nationals: Reports
  • Ford bets big on electric scooters
  • Robyn Denholm replaces Musk as Tesla board chair
  • Walmart will offer Black Friday deals earlier this year
  • Oil nears bear market territory amid oversupply concerns
  • Airbus, Audi execs join high-speed air taxi startup
  • Why Amazon is eyeing DC suburb as partial new HQ2 location
  • Wells Fargo admits more than 500 customers lost their homes due to ‘calculation error’
  • These are the most livable mid-sized American cities

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

9MarketIndicatorsYahooFinance11.8.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.8.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

MarketsMixedFedOMCDailyBusinessNewsMHProNews

The bullets below are from CNBC, but will be followed by a screen capture of FED notes, and some MHProNews commentary.

 

  • The Federal Open Market Committee, as expected, unanimously approved keeping the federal funds rate in a range of 2 percent to 2.25 percent.
  • There was no mention of the volatility that has gripped financial markets since mid-October in the central bank’s statement.
  • The committee noted in the statement that the unemployment rate “has declined” since the September meeting.
  • The statement noted that the “growth of business fixed investment has moderated from its rapid pace earlier in the year.”

FederalReserveSystemWikipediaDailyBusinessNEwsMHProNews

Perhaps the biggest point that merits tea-leaves-readers is this.  The FED says that investments in the U.S. has slowed.  That’s another data-point that MHProNews noted pre-midterms, namely, that the certainty that the markets crave has been put at risk by the split in the Congress.

TrumpOnomics has been working, as was widely admitted on the eve of the midterms.  But the #resistance has potentially put that at risk.  Stay tuned.

FederalReserveSystemOpenMarketCommitteesNov8MeetingNotes

 

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).

11.8.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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.

Sun Communities Strategic Investment in Ingenia Communities, Info, Videos Beyond the Release, Plus Manufactured Home Industry Market Updates

November 7th, 2018 No comments

CNNmoney11.7.2018ManufacturedHomeStocksMarketsReportsMHProNewsThe markets are up over 500 points today, as the midterms and that part of ‘uncertainty’ are done. The full import of what’s occurred will be sorted out by professionals and investors.  While voters were being cast, and pundits were getting ready to pour over data, Sun Communities announced yesterday a strategic deal with Australian based Ingenia Communities.  That will be our featured spotlight for this evening’s market report.

 

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.

 

Select bullets from CNN Money…

  • Dow surges nearly 550 points
  • Investors are turning their focus to 2020
  • CNN calls Trump’s press attacks ‘un-American’ after contentious news conference
  • PERSPECTIVES The midterms were a win for investors
  • Fed meets to weigh future rate hikes
  • Starbucks isn’t done growing in America or China
  • ANALYSIS The myth of Donald Trump, CEO president
  • Colorado voters reject limitations on fracking
  • Health concerns drive voters to back Medicaid, weed and trans rights
  • San Francisco voters approve homeless tax that divided Big Tech
  • How to talk about politics at work
  • Netflix is launching two new European series that may play well in America too
  • The nightmare won’t end
  • Wells Fargo found another 145 customers who lost homes after a glitch
  • The bank knew for years that auto insurance was hurting customers, lawsuit says
  • Scandals spark more executive turmoil
  • Wells Fargo ‘misled’ investors about toxic culture, NY Attorney General says
  • Customers are fed up, and could yank billions of dollars in deposits
  • Elizabeth Warren wants Wells Fargo to fire its CEO. She wants the Fed’s help
  • The pros and cons of dividing HQ2 between two cities
  • Everything we know about the search
  • Bezos reveals how he’ll make HQ2 decision
  • Why Amazon may want a big city
  • Opinion: Chasing Amazon was never going to pay off
  • Sears creditors suggest Eddie Lampert structured deals to enrich himself
  • Sears’ bankruptcy is affecting Hanes’ bottom line
  • How Sears wasted $6 billion that could have kept it out of bankruptcy
  • Sears needs money. And time is running out
  • What retailers can learn from the Sears saga

Select Bullets from Fox Business

  • Attorney General Jeff Sessions resigns at Trump’s request
  • US stocks rise as Republicans keep Senate, Democrats win House
  • Gun control supporters get major win in Washington
  • San Francisco homeless tax passes after push from Salesforce founder Benioff
  • Midterms and marijuana: These states voted to approve
  • These states will pay higher taxes on items after midterm elections
  • Tax Cuts 2.0: Prospects post midterms
  • Federal Reserve meets this week: what to know
  • Florida sports gambling measure passes despite NFL’s Dolphins plea to voters
  • O’Rourke falls to Cruz despite $70M fundraising windfall
  • Republican control of Senate to cap socialism: Varney
  • These are the faces of the new House committee chairs
  • Why a split Congress could be good for US stocks
  • Midterm result is best-case scenario for investors
  • Trump will get China trade deal ‘very quickly’: Scaramucci
  • Medicaid scores big in Utah, Idaho, Nebraska voting
  • These states voted to increase their minimum wage
  • The best investment pick post midterms?
  • Trump’s biggest Fed fears may come true after midterms
  • Maxine Waters will ‘grind down’ Trump’s deregulatory efforts: Jeb Hensarling
  • Wells Fargo admits more than 500 customers lost their homes due to ‘calculation error’
  • Marijuana stocks rise as Michigan legalizes recreational use
  • Facebook, Macy’s opening small business pop-up stores
  • These are the most livable mid-sized American cities
  • Colorado nabbed three top-10 spots when it comes to livable cities.

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

9MarketIndicatorsYahooFinance11.7.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.7.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

SunCommunitiesStrategicInvestmentIngeniaCommunitiesLogoInfoVideosBeyndReleaseDailyBusinessNEwsMHpronews

This evening’s look at Sun Communities will take 3 parts.

  • 1) Their official Globe Newswire release yesterday.
  • 2) Videos about Sun from a third-party, and one from Sun itself that counters a corporate culture controversy. There is also a video about Ingenia, by that firm, that MHProNews has added to their release.
  • 3) A 40,000 foot level view of Sun (SUI).

 

  1. The Media Release to the Daily Business News on MHProNews

Sun Communities, Inc. (NYSE:SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates or has an interest in manufactured housing and recreational vehicle communities, today announced a strategic investment in Ingenia Communities Group (ASX: INA), a leading owner, operator and developer of senior manufactured housing communities and holiday resorts in Australia, as well as a development joint venture with Ingenia.

Sun will invest approximately US $54 million for a 9.9% ownership stake in Ingenia. Sun and Ingenia will also form a 50/50 joint venture to establish and grow a manufactured housing community development program in Australia.

The transaction represents a unique opportunity for Sun shareholders, who will benefit from investments in both Ingenia, which has delivered strong earnings growth over the past few years and has a large existing acquisition and development pipeline, as well as a development joint venture poised to capitalize on the sector’s positive trends. Ingenia benefits from Sun’s meaningful initial capital investment, ongoing financial support through the joint venture and the ability to leverage Sun’s experience as a leading owner, operator and developer of manufactured housing and recreational vehicle communities.

The Australian Manufactured Housing and RV Community sector is highly fragmented and traditional housing, on a relative basis, is increasingly expensive. Over the past 20 years, median home prices in key Australian capital cities have appreciated between 200% and 400%. Furthermore, there is a limited supply of high quality Manufactured Housing and RV communities. Industry fundamentals and Australian demographic trends provide long term support for the sector’s growth prospects. There is a particular need for affordable seniors housing as the over-55 population is expected to grow at twice the rate of the rest of the Australian population.

We are extremely excited about investing in and alongside Ingenia and believe this venture provides a unique opportunity for Sun to strategically invest in the Australian MH and RV sector. Ingenia is a market leading operator, owner and developer of an attractive portfolio of communities across Australia. We have been actively monitoring the Australian market for some time given the sector’s similarly attractive attributes to the North American market. The Australian MH and RV sector is early in its growth cycle, is primed for consolidation, benefits from strong demographic trends and has very favorable supply and demand dynamics,” stated Gary Shiffman, Chairman and Chief Executive Officer of Sun Communities.

We have spent considerable time with Ingenia Board and management team members and have found their business model and culture to be highly compatible with that of Sun’s. This transaction provides our shareholders with an attractive opportunity to benefit from the growth potential of an emerging leader in the Australian sector and creates an opportunity for Sun to leverage its expertise to help accelerate that growth. We are pleased to be partnering with Ingenia’s strong and proven management team as they continue to grow their platform which has the largest development pipeline in Australia,” added Mr. Shiffman.

We are pleased to partner with Sun as we capitalize on the exciting opportunities for growth we have identified in the emerging Australian market. Working with a leading operator who has a long history in the mature North American market and is aligned strategically and economically with our objectives will allow Ingenia to accelerate growth as we leverage our platform and pipeline,” said Simon Owen, Managing Director and Chief Executive Officer of Ingenia Communities Group.

Upon completion of the investment, Mr. Shiffman will join Ingenia’s Board of Directors. Ingenia will manage the development and operations of the communities in the joint venture. This international investment opportunity provides Sun with a well-regarded established partner and the ability to capitalize on highly attractive Australian market dynamics with parallels to that of North America.

 

About Ingenia Communities

Ingenia Communities Group (ASX: INA) is a leading operator, owner and developer of a growing portfolio of lifestyle and tourism communities across key Australian urban and coastal markets. Ingenia has a diversified portfolio of 61 rental, lifestyle and holiday communities, comprised of over 7,000 income producing sites and a development pipeline of over 3,000 sites.

About Sun Communities

Sun Communities, Inc. is a REIT that, as of September 30, 2018, owned, operated, or had an interest in a portfolio of 370 communities comprising over 127,000 developed sites in 31 states and Ontario, Canada.

##

2018Top50ManufacturedHomeCommunitiesListNotMObileHomeParksNCCNationalCommunitiesCouncilManufacturedHousingInsttitueDailyBusinessNewsMHProNEws

There is no question that Sun Communities has been a good investment for many. A glance at the Bloomberg closing ticker’s 1-year performance alone suggests it. We’ve covered Sun for many years, and numerous investors and funds find it a to be a solid investment.

In fairness to Sun Communities’ Company Culture rating below, anonymous sources can run the gamut.  When MHProNews gets comments that request anonymity, we honor those requests, but don’t use some of those anonymous comments at all.  Why?  We strive to cross check those anonymous comments in a variety of ways.  When we quote outside sources, we do so accurately.  We don’t know if those same safeguards are used by Comparably in their May 2018 ratings of Sun Communities’ workplace culture scores, which that firm says are based on 60 different ratings.

 

For balance to the above, we also present a Sun Communities produced video, to give both sides of the issue.

 

 

A prior report on the Daily Business News on MHProNews on Sun appears at the link below.

Gary Shiffman, Chairman and Chief Executive Officer Sun Communities (SUI), Statement$, Video

Finally, MHProNews has spotlighted the Australian market for several years.  They have opportunities there that are unique.  Not unlike a place like potentially Hawaii in the U.S., Australia could witness manufactured home communities development in a fashion that could redefine the image there.  It’s a development worth monitoring, which we will continue to do.

 

 

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).

11.7.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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.

Red Wave? Blue Wave? Here’s What Wall Street Is Watching, plus MH Market Updates

November 6th, 2018 No comments

CNNmoney11.6.2018ManufacturedHomeStocksMarketsReportsMHProNewsTake a giant step back. Then, stop and think. The first part of that headline is from CNBC, a left-of-center media outlet. For about a year, the mainstream media has said that a ‘blue wave is coming.’  We’ll see in a matter of hours.  But the fact that they finally mention that it might be ‘a red wave,’ or as more report, a mixed result in the control of the House and Senate, is revealing.  CNBC’s report will be our focus for this evening.

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.

CNBCLeftRightMediaSharylAttkissonDailyBusinessNewsMHProNews

Select bullets from CNN Money…

  • LIVE UPDATES Election Day in America
  • ‘It disturbs me to my core’: Fox News staffers express outrage over Hannity’s rally appearance
  • Steve King denies Des Moines Register from election event
  • Amazon HQ2: The pros and cons of choosing two cities
  • Papa John’s is still struggling to bring customers back
  • Foxconn hiring plans for Wisconsin plant under scrutiny
  • AMC Theatres will raise the price of its MoviePass rival service for some customers
  • Under Armour: Report on strip club visits was ‘tough to read’
  • Will Colorado deal the shale oil boom a blow?
  • The argument against having close friends at work
  • Donald Trump billed himself as America’s first CEO president
  • But two years in, it’s clear he’s the opposite of a modern chief executive
  • What will the election results mean for Wall Street?
  • National outlets are treating the 2018 race like it’s a presidential election
  • Learning from 2016: This year, the media is reporting poll results differently
  • PERSPECTIVES I worked for the FBI. The mid-terms could be hacked, but here’s the bigger threat
  • Inside the battle over San Francisco’s homeless tax
  • Jamie Dimon doesn’t see a US recession on horizon
  • Gold is back. That’s a worrying sign
  • Why the strong dollar is so bad for business
  • The US economy added better-than-expected 250,000 jobs in October
  • Where’s the Trump economy heading?
  • GE’S LONG GOODBYE
  • 20181106-current-horticulture-led
  • GE’s dismantling continues: It is selling yet another business
  • GE slashes 119-year old dividend to a penny
  • The debt headache at GE is growing
  • GE hit with new investigations from SEC and Justice Department
  • Will GE’s new boss cut the company’s complexity?

Select Bullets from Fox Business

  • How stocks usually perform following midterms
  • Midterm Election Coverage: FOX Business Network
  • Midterms: The Economic & Investor Issues
  • Midterms and marijuana: These 4 states will vote on legal pot
  • At present, recreational marijuana use is legal in nine states, as well as Washington, D.C.
  • Ahead of midterms, soda industry poured millions into fighting sugary drink taxes
  • Jittery investors await midterm elections
  • Continue to Midterm Elections
  • US states where employees get paid time off to vote
  • Maxine Waters will ‘grind down’ Trump’s deregulatory efforts: Jeb Hensarling
  • AFL-CIO president: Union worker health care, wages ‘under attack’
  • Midterms and gun control: NRA candidate ratings for tight races
  • US midterms: Trump military funding on chopping block?
  • Election Day freebies: Here’s where to find deals
  • Stocks rally as Americans hit the polls to vote in midterms
  • Amazon’s HQ2 may have two joint finalists: Here’s a look
  • Home Depot creates 3,000 multimillionaires, co-founder says
  • These proposed federal laws could open the financial floodgates for marijuana companies
  • Lowe’s to close underperforming stores in US, Canada
  • These are the most livable mid-sized American cities

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

11.6.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.6.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

 

We’ve sounded off on the midterms for months, so tonight we’ll let CNBC’s video and bullet’s spotlight the night of the election.  We’ll only note for now that both parties brought out their ‘biggest guns.’ Former president Barack Obama, former VP Joe Biden and a host of Hollywood personalities have stumped for or with Democrats.  President Donald J. Trump and Vice President Mike Pence have been stumping for their candidates.

The results will soon be known.

Congressional races in Indiana, Kentucky, Florida and Virginia will be among the first Wall Street is watching to see whether the electorate’s response to President Donald Trump’s programs is strong enough to launch either a “red wave” of support or a “blue wave” backlash.

The view of major firms such as Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley is for a mixed outcome, with Democrats gaining control of the House and Republicans holding or even adding to their majority in the Senate. The market reaction to that scenario could be muted, but not so if there’s an upset, with either party staging a surprise victory and gaining total control of Congress.

Stocks could rally if there’s a GOP surge — or red wave — and some strategists see a sharp decline if Democrats overcome the odds and take both the House and Senate.

Key early indicators of blue or red wave:

  • Kentucky — polls start closing at 6 p.m. ET
  • Indiana — polls start closing at 6 p.m. ET
  • Virginia — polls close at 7 p.m. ET
  • Florida — polls start closing at 7 p.m. ET

 

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).

11.6.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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.

On the Eve of the Midterms, Closing on Willie Horton? Plus, MH Market Updates

November 5th, 2018 No comments

CNNmoney11.5.2018ManufacturedHomeStocksMarketsReportsMHProNewsMarkets rose, but they’ve been bouncing around pre-midterms through much of October.  This past weekend, several of the Sunday talk shows featured the booming economy.  It was a surprising pivot from media outlets that have kept mum of the economic boom in roughly 21 months of President Trump’s administration. With a booming economy – recently rated by an international monitor as the best in the world – mainstream media voices are asking, why is the economy not getting more emphasis by Team Trump? Why are they closing instead of what Democrats and left-leaning media decry as a Willie Horton style theme?

 

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.

 

Select bullets from CNN Money…

  • PERSPECTIVES I worked for the FBI. The mid-terms could be hacked, but here’s the bigger threat
  • Tesla cuts price on Autopilot upgrade
  • Lowe’s is closing 51 stores
  • FedEx is hiking rates again
  • 7-Eleven hops on the self-checkout bandwagon
  • NBC and Fox News pull Trump campaign’s racist ad
  • Facebook pulls Trump ad as well
  • ‘Boycott Amazon’ is trending in Saudi Arabia
  • The mystery around Amazon HQ2 continues
  • Amazon offers free shipping on all holiday orders
  • Investors too optimistic about US stocks, and Millennials have too much cash
  • How the economy is playing in five close House races
  • Inside the battle over San Francisco’s homeless tax
  • How narcissistic CEOs put companies at risk
  • Oil drilling is on the ballot
  • 20181105-colorado-energy-ballot
  • Voters will decide on new safety and environmental regulations for Colorado
  • Iran is still exporting oil as sanctions deadline passes
  • Will Exxon’s oil production keep shrinking?
  • Saudi Arabia has ‘no intention’ of repeating 1973 oil embargo
  • How the shale oil revolution made the U.S. the world’s number 1 oil supplier
  • Applebee’s is betting on stress eaters, and it’s paying off
  • Starbucks’ red and green holiday cups are back
  • Chick-fil-A is trying to get into your home
  • Dunkin’ is serious about high-end espresso
  • Panera wants you to know exactly what’s in your bread
  • Big Tech and the midterms: The scary thing is what we still don’t know
  • The drastic rise of America’s news deserts
  • Social media giants beef up election security
  • Facebook promised to fix political ads on its platform. It hasn’t
  • Twitter took down thousands of accounts that discouraged voting in midterms

Select Bullets from Fox Business

  • Amazon HQ2 to be split evenly between two cities: Report
  • Stocks mixed on eve of midterms as tech lags
  • Lowe’s to close underperforming stores in US, Canada
  • Former GE CEO will get this much severance
  • Verizon to reorganize business segments[overlay type]
  • Verizon to reorganize business segments
  • Amazon: The Bezos Behemoth
  • Free shipping promotion could cost Amazon big bucks: Moody’s
  • Amazon HQ2 search: Where Bezos’ private jet has traveled most
  • Amazon drops free-shipping minimum for all customers
  • Trump’s Iran sanctions: EU plans for workaround
  • Iran sanctions had ‘enormous’ economic consequences: John Bolton
  • IRS increases retirement contribution limits for 2019
  • The most livable mid-sized cities in America
  • Franchising fast food restaurants isn’t as profitable as you think
  • Looking to sell your home? Top advice from the ‘Property Brothers’
  • Ben & Jerry’s, Patagonia take political stances before Election Day
  • Maxine Waters will ‘grind down’ Trump’s deregulatory efforts: Jeb Hensarling
  • Midterms and marijuana: These 4 states will vote on legal pot
  • Here are the best credit cards for cash back deals
  • Subaru and Toyota to recall more than 400,000 vehicles
  • Inside the jobs report and why it did not disappoint
  • Microsoft is getting ripped off by China, losing $10B in profits

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

9MarketIndicatorsYahooFinance11.5.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue11.5.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

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 –

The die is almost cast.  The pundits and talking heads in 36 hours will be talking about why the results of the midterms.  The panels will ask, why did it go this way instead of that way?

Many now are saying that the market turbulence has been pre-election jitters.

Investors like certainty.

As part of the agenda media, CNBC tonight has a video that says that investors should “hope” for a split House and Senate.  They have a pundit that says that investors should want the GOP in charge of the Senate, and Democrats in charge of the House.  That’s one view.

Some normally anti-Trump media outlets this past weekend surprisingly praised the economy, and then asked: why isn’t the president spending more time talking about the economy than about immigration? Why did the GOP roll out an ad that even Fox News said they would not run?

A new GOP backing ad is being compared to the controversial Willie Horton ad from the late 1980s. That ad, by the way, worked. This is what a CBS affiliate in Boston, a clearly anti-Trump outlet had to say.  They include some clips of the controversial video, which features an illegal immigrant who killed cops, and said he wants to kill more.

 

What follows below is the controversial Willie Horton ad that some say helped sweep the George Bush to victory over Michael Dukakis.  Note that YouTube says that this ad was not run by the GOP or the Bush campaign.  The “Infamous attack ad from 1988 U.S. Election against Michael Dukakis. This ad was ran by the National Security PAC, not directly by the Bush/Quayle campaign,” is how it was described.


Perhaps the Willie Horton ad would not have been described as racist if Willie had been Anglo, but the principle applied.  That’s water under the bridge.

The illegals coming into the U.S. aren’t white. Is it really racist to show clips of a courtroom video?

Immigration is a strong motivating issue for millions of GOP voters.  It is unclear if this ad will have the effect that it aims for, because it is being discussed by mostly negative news analysts in a mostly negative way.  Fox News won’t run it.

That said, a few observations from those who have observed a number of Trump rallies in 2018.

  • The economy is discussed in some detail at rallies.
  • Health care is discussed, including the GOP position that pre-existing conditions will be protected.
  • Veterans’ health care is a talking point.
  • The “right to try” law is discussed.
  • Defense and foreign policies are rally topics too.
  • All of that is framed in the context of “promises made, promised kept.”
  • On immigration, it is one of the issues that gets voters motivated.

Texas has studied the immigration issue.  Literally hundreds of thousands of crimes in that state are committed by illegals.

According to Texas Department of Public Safety: “According to DHS status indicators, over 270,000 criminal aliens have been booked into local Texas jails between June 1, 2011 and October 31, 2018, of which over 182,000 were classified as illegal aliens by DHS.”

This writers is someone who came to the U.S. legally.  Our publisher is the son of 2 legal immigrants, who applied and waited for years to come to America.

The immigration question is often morphed into something that it shouldn’t be.  Laws exist for a reason.  Immigration laws exist for a reason too.  It is unjust and unsafe to allow people to enter the nation without vetting. It is unsafe for those making the journey.  It is unsafe for citizens on both sides of the border.

Will the president’s gamble pay off on the immigration issue pay off?  In about 36 hours, we’ll know more. For other topics, from an industry perspective, see the related reports, linked below.

Related Reports:

#DeFangBM

Who Gets Credit? Latest National Data, Including Wages, Salary Jump Decade’s High-VIDEOS, Plus MH Market Updates

Following Facts, Money – Sam Zell, Warren Buffett, Tim Williams/21st Mortgage, and Manufactured Housing

 

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).

11.5.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

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.”

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(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.