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Posts Tagged ‘Operations’

UMH CEO Sam Landy Touts and Tempers Manufactured Home Operation’s Expectations

April 10th, 2018 Comments off

SamLandyUMHPropertiesCEOPresidentNAREITDailyBusinessNewsMHProNews

UMH Properties (UMH:NYSE) has both touted and tempered the results and expectations that investors may have with respect to one of the largest players in the manufactured home community (MHC) sector.

 

To provide a balanced view of the latest reports on the manufactured home (MH) community REIT (Real Estate Investment Trust) – UMH Properties – to MH Industry Professionals and investors, one must take a step back and establish some context.

The Daily Business News is the only MH Industry trade media that tracks their and other stocks connected to manufactured homes.  We’ve done so for years. The closing numbers on the UMH stock last night are linked here.


 

 So MHProNews and MHLivingNews.com has directly engaged with UMH Properties for years, as well as tracked reports about them by others.  MHProNews has interviewed UMH President Sam Landy a number of times.

 

The videos posted are both from 2017, but are revealing and relevant precisely as background.  They reflect their leadership’s thinking and company facts in brief.

MHProNews will follow up in the near term with a deeper data dive into UMH, and what that tells us about the trends in manufactured housing in general, as well as in the community sector.

Related reports to the state of the manufactured home industry after the end of the first quarter of 2018 are linked below. ## (News, analysis, and commentary.)  (Third party images are provided under fair use guidelines.)

Related Reports:

“Trailer House Trauma,” Fresh Look at Manufactured Housing’s Opportunities

Intelligence Report – MHI Producer Spotlights “the Plan” for MHCs, Community REITs

Sun Communities Annual Data and Manufactured Housing Industry Investor Presentation Highlights

Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted 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.

Skyline to Suspend Facility Operations

February 24th, 2017 Comments off
SkylinetoSuspendFacilityOperationscreditSkyline-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Skyline Corp.

Elkhart, Indiana-based Skyline Corp. (NYSE: SKY) announced in an 8-K filing with the SEC last week that it plans to suspend operations at its manufactured housing facility in Mansfield, Texas.

The suspension is due to the plant being unable to profitably operate since it was converted from producing recreational vehicles to manufactured housing in fiscal 2014,” said CEO Richard Florea in an announcement to employees at the plant.

Challenges this location faced included fewer independent manufactured housing dealerships buying homes than anticipated resulting in sales volumes not reaching profitable levels.

Skyline anticipates having sufficient orders to maintain production at the facility for the next six to eight weeks, and is seeking potential buyers for the facility.

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Credit: LinkedIn.

If a buyer cannot be found by the time current production is completed, Skyline says that the majority of the workforce is expected to be terminated during a two-week period beginning March 27, 2017 and ending April 10, 2017.

It has been a wild ride for Skyline over the last few months, including activity that yielded a 278% stock price increase and the company’s stock price hitting a 52-week high.

Investors have also been active, including Vector Capital Management increasing its stake in Skyline by 805 percent in December.

Our continued focus on growing sales and improving margins through disciplined operations generated favorable year-over-year results in the quarter,” said Florea, commenting on a recent earnings report.

While we are pleased with the progress we are making, we are committed to capitalizing on the opportunities we have.“

SkylinetoSuspendFacilityOperationscreditBloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Skyline 1 year view. Credit: Bloomberg.

The most recent earnings report from Skyline Corp. is linked here.

For the 8-K filing announcing the Mansfield facility shutdown, click here.

Skyline is one of the industry stocks monitored each business day on the MH Industry’s leading professional news resource, the Daily Business News, on MHProNews.  For yesterday’s closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Editor’s Note: for our interview with Skyline’s Terry Decio, please click here.)

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News, MHProNews.