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Sam Zell calls Obama plan “half ass-d”

May 15th, 2017 Comments off
ZellObamasPlanWasaHalfAs—dStimulusBillcreditTheStreet-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: TheStreet.

When it comes to the wisdom of Equity LifeStyle Properties (ELS) Chairman and billionaire Sam Zell, there’s never a shortage of fireworks.

Obama’s $787 billion American Recovery and Reinvestment Act of 2009 was a ‘half-ass-d stimulus bill,’” said Zell on CNBC this week, as he promoted his new book, Am I Being Too Subtle?”

Zell also disagreed with comments from Warren Buffett, who claimed that the Republican bill to replace Obamacare would “cut the hell out of taxes” for the rich if the measure were to make it through the Senate without any changes.

The GOP approach to health care on taxes is not for the rich or the poor,” said Zell.

It balances out the system.”

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Credit: CNBC.

In a similar interview with TheStreet, Zell said President Donald Trump has an extraordinary opportunity to revive an economy that died from eight years of regulatory oppression under Barack Obama.

I think we’ve had 8 years of kind of an anti-business administration with very little representation from the business community,” said Zell.

And, while Zell wasn’t a fan of the Obama Administration stimulus plan of 2009, he sees a different opportunity for the Trump Administration.

I think President Trump has a similar stimulus opportunity but without the debt because he can achieve that goal by deregulation,” said Zell.


Zell says that he feels like the Trump Administration could repeal enough regulations to give an estimated $1 trillion boost to the economy, and that he’s even more optimistic than he was before the election.

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Zell isn’t alone in believing that regulatory burdens are costly to business, consumers and harms job creation. Image credit is as shown above.

Speaking on commercial real estate, Zell made no bones about what he sees, in terms of major retailers like Macy’s and J.C. Penny.

I don’t think landlords will be able to find new tenants that can attract the same amount of traffic as the big-box stores,” Zell told TheStreet.

There’s a reason why [those stores] paid almost no rent – their goal was to generate traffic.”

Zell and Manufactured Housing

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Sam Zell, credit, Forbes.

As Daily Business News readers are aware, leaders in business, including Zell, clearly understand the significant business opportunity in manufactured housing.

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Credit: Seeking Alpha.

Warren Buffet and Berkshire Hathaway, which owns Clayton Homes, and independents such as John Bostick with Sunshine Homes are “doubling down” on the industry, with Zell being quoted as saying during this interview “Everyone calls them trailer parks. Pencil head, it’s not a trailer park.“

ELS and Berkshire Hathaway are also two of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here. ##

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

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RC Williams, MHProNews.

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

Zell Speaks on Economic Opportunities

February 24th, 2017 Comments off
SamZellELSCharimanCreditDailyBurinessNewsMHProNews

Sam Zell, ELS Chair, credit, MHProNews.

Sam Zell, a name familiar to the manufactured housing industry, spoke to TheStreet recently at a conference in Boca Raton, Florida, about the “staggering economic opportunity” for the U.S. under President Donald Trump.

Trump’s vow to cut government regulation could lead to one trillion of (economic) stimulus without spending anything, while Obama added $1 trillion to U.S. debt to prop up the U.S. economy,” said Zell.

The business magnate and chairman of Equity LifeStyle Properties (ELS) said that eliminating a number of rules that hurt businesses needing help, will cut down on unnecessary expenses and create confidence for entrepreneurs who would otherwise be fearful of the federal government stepping in to suffocate their investment.

If the U.S. just reverses what it stopped during the Obama administration, the stimulative effect will be extraordinary, said Zell.

While Zell tends to agree with Trump on immigration, he’s had strong words regarding  anti-immigration sentiment by some in the U.S.

The United States has been the leader in the world for 200 years because it’s had a very aggressive immigration policy,” said Zell.

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Credit: Seeking Alpha.

I think that this current period of anti-immigration is very dangerous to the future of our country.

But, he’s a staunch opponent of so called “sanctuary cities,” which he believes are a threat.

I’m a rule of law guy. If immigration and other laws aren’t enforced ultimately, you’ll destroy the society,” said Zell.

How does San Francisco justify writing its own version of the constitution?

With his extensive investments both inside and outside of the U.S., Zell remains a fan of free trade, but he supports the Trump Administration moves to renegotiate some of the trade deals.

Many of our free trade agreements are a combination of free trade and foreign policy pacts that don’t optimize economic benefits for the U.S. and instead are designed to improve diplomatic relations with trading partners,said Zell.

Before NAFTA we didn’t have a trade deficit with Mexico, afterwards we have a $60 billion deficit. Mexico, by the way, post-NAFTA has a $60 billion trade deficit with China. The U.S. thus helped Mexico’s trade picture while worsening its own. We are putting a price on the back of free trade.

New agreements must be good for the U.S. and, ultimately, that will be what is good for the free world,” said Zell.

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To see an exclusive interview with Sam Zell, click here or the image above.

As Daily Business News readers are aware, leaders in business, including Zell, clearly understand the significant business opportunity in manufactured housing.

Warren Buffet and Berkshire Hathaway, which owns Clayton Homes, and independents such as John Bostick with Sunshine Homes are “doubling down” on the industry, with Zell being quoted as saying during this interview “Everyone calls them trailer parks. Pencil head, it’s not a trailer park.

ELS and Berkshire Hathaway are also two of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent reportlinked 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 for MHProNews.

Manufactured Home Community Owner ELS has Investors’ Attention

July 29th, 2015 Comments off

els california hawaiian, san jose calif  mhvillage  creditWith a target price set at $64.00, Zacks has upgraded shares of Equity LifeStyle Properties, Inc (NYSE:ELS) from a hold rating to a buy rating, according to lulegacy. Shares of the real estate investment trust (REIT) opened at $56.87 on Monday, and closed Tuesday, July 28 at $57.07, approaching the 52-week high of $58.11. With a market cap of $4.79 billion and a cost-to-earning ratio of42.06, the 52-week low is $41.44.

As MHProNews reported July 21, 2015 the company beat the average estimate of Zacks Investment Research analysts by $.02 per share. Analysts anticipate ELS will post an earnings per share of $3.01 for the current fiscal year.

Stockholders of record on June 26th, 2015 received a quarterly dividend of $0.375 per share on Friday, July 24, signifying a dividend of $1.50 per year and a yield of 2.64%. In a study report from July 17, theStreet upgraded shares of ELS from a hold rating to a buy rating.

Additionally, disclosed in a filing with the Securities and Exchange Commission (SEC), dated June 23, Director David J. Contis sold 5,000 shares of the company’s stock at $53.65 per share for a net of $268,250.00.

ELS has an ownership interest in a portfolio of 384 manufactured home and recreational vehicle communities across North America comprising 13,113 home sites. ##

(Photo credit: MHVillage–California Hawaiian manufactured home community, San Jose, CA)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily business News-MHProNews.

UMH Moved to Buy

May 16th, 2013 Comments off

According to utahpeoplespost, real estate investment trust (REIT) UMH Properties, Inc. was upgraded by analysts at TheStreet from a hold to a buy position, as reported by AnalystRatingsNetwork. The company has strong growth in revenue and net income, good return on equity and earnings per share, and reasonable valuation levels. AnalystsRatingsNetwork says, “We feel these strengths outweigh the fact that the company shows weak operating cash flow.” A quarterly dividend scheduled for June 17th will yield a return of $0.18 per share to share holders on record as of May 15, 2013. UMH stock (UMH:NYSE) closed at $11.01 Wed., May 15. As MHProNews knows, UMH owns and operates 68 land lease communities in seven states comprised of 12,800 homesites, as well as a portfolio of REITs.

(Image credit: UMH Properties, Inc.)