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Independent Clayton Retailers – Insiders, High Cost of Going Along to Get Along?

January 31st, 2019 Comments off

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Sources who retail homes produced by CMH and/or are connected to Clayton Homes in other ways have told MHProNews about wholesale customer experiences that have caused independents concerns.

 

Anecdotal stories will illustrate the various concerns of independents who sell CMH product.

 

I get [retail] customers who shop us, and have or will shop a Clayton owned company retail store,’ said an experienced manufactured home seller to MHProNews.

They [retail customers]see the Clayton brand on our display home, and obviously also the Clayton[vertically integrated] dealership. Some say nothing, but some will ask, ‘Why should I buy this [Clayton] home from you when I can get it directly from Clayton Homes?’

Another anecdotal instance further exemplifies a related point. This one is as or more common than the first.

Clayton [says a retail customer to an independent] has me approved with Vanderbilt [Mortgage and Finance], and the terms they’ve offered me are better than what you have [with 21st Mortgage].’ Commenting on that example, the retailer tells MHProNews,How do you compete with them [Clayton] on financing and on price or products, especially if you carry some of the same brands?’

An interesting point. A fair follow up question is, how many sales do retailers in such a circumstance lose monthly? Would such independent retailers be better off with a producer that they aren’t in direct vertical retail competition with?

 

State Execs Viewpoint

State association executives come in several types. Some are MHI-Clayton-21st toadies. Others may ‘play their game,’ but will provide MHProNews with useful news tips, feedback, and insights – all of which are valued and yield a better news product for Daily Business News readers.

Among the latter group of state executives are those that point out that between Clayton, 21st, and VMF, some 60 to 70 percent of the new HUD Code sales flow in various states. ‘That’s dues leverage that they have to get what they want,’ some execs have said to MHProNews.

It’s a very similar point to the “Gold Rules” prior tips.

 

 

Independent retailers, communities, suppliers, financial and other service providers, this is your latest wake up call.

This is part one of yesterday’s presaged two part report – Who are you going to do business with?  But what may be the far starker concern for some independent retailers are those who floorplan with 21st. Watch for that report.

That’s MH “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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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.

 

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Insiders, Investors Active at Cavco Industries

January 9th, 2017 Comments off
cavco-lapsiding-manufactured-home

Graphic credit, Cavco, text credit, MHProNews.

Cavco Industries Inc. (NASDAQ:CVCO) has seen additional activity from insiders and investors recently, led by BlackRock Advisors LLC, which increased its stake in shares in the company by 6.4% in the third quarter.

 

Other investor activity in Cavco includes, per the Daily Quint:

  • GW&K Investment Management LLC increased its position by 27.6 percent during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). GW&K owns about 1.08 percent of Cavco worth $9,587,000.
  • Teacher Retirement System of Texas increased its position by 14.3 percent in the second quarter. Mason Street Advisors LLC acquired a new stake in Cavco during the second quarter valued at about $152,000.
  • AQR Capital Management LLC increased its stake by 102.5 percent in the second quarter.
InsidersInvestorsactiveatCavcoIndustriesscreditCerbatGem-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Cerbat Gem.

In their November 8th earnings report, Cavco delivered $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had a net margin of 4.08 percent and a return on equity of 8.37 percent.

Cavco Director Steven G. Bunger sold 11,000 shares on August 15th, at an average price of $101.20, for a total transaction of $1,113,200.00. Bunger now owns 3,000 shares of the company’s stock, valued at approximately $303,600.

InsidersInvestorsactiveatCavcoIndustriesscreditBloomBerg-postedtothedailybusinessnewsmhpronewsmhlivingnews

1 Year performance graphic, credit: Bloomberg.

Cavco Industries Q2 earnings report results are linked here.

Cavco was also recently featured as British insurance giant Legal & General made a significant move in its stake in the company, and is one of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here.

As Daily Business News readers are aware, Phoenix, AZ-based Cavco Industries is one of the largest producers of manufactured homes, as well as a builder of modular and park model homes, vacation cabins and commercial structures. Factory-built homes are designed and produced under such brand names as Cavco Homes, Fleetwood Homes and Palm Harbor Homes. ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronewsSubmitted by RC Williams to the Daily Business News for MHProNews.

Insider Trades at UMH

December 31st, 2011 Comments off

MHProNews.com has learned UMH Properties, Inc., in a Form 4 Filing with the SEC, says director Steven Wolgin bought 5,800 shares of UMH stock over the past 12 months, but did not sell any shares. MMDNewswire also reports during the same period, 6,352 shares of UMH stock were sold by insiders for $64,861. During those 12 months, 327,533 shares of UMH Properties, Inc., stock were purchased by insiders for a total of $6,331,130. Steve Wolgin is also affiliated with Monmouth Real Estate Investment Corp. and Monmouth Capital Corp. UMH Properties, Inc., based in Freehold, New Jersey, operates MHCs with over 8,900 homesites.

(Graphic credit: UMH Properties, Inc.)