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Home > Analysis and Commentary, Business, Canada, Economy, News Item, Stocks > Warren Buffett’s Berkshire Hathaway’s Clayton Homes’ Latest Buyout, More

Warren Buffett’s Berkshire Hathaway’s Clayton Homes’ Latest Buyout, More

August 7th, 2017

8.7.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1-1Today’s spotlight showcases an exclusive report on the latest acquisition by Warren Buffett’s Clayton Homes.

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

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

Part of this unique feature spotlights headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks.

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

Selected headlines and bullets from CNN Money:

  • How the Trump economy is really doing
  • Google’s culture tested by anti-diversity memo
  • Netflix buys comic book publisher Millarworld
  • NFL player announces retirement in a sponsored tweet
  • Raging bull: 9 records in a row for the Dow
  • Guess how much GM is selling this electric car for
  • Anthem exits more Obamacare markets
  • NYC mayor: Tax the rich to fix the subway
  • Republicans step up effort to oust CFPB chief Cordray
  • Venezuela inches closer to default
  • Pro-Trump pundit goes from CNN to RNC

 

Selected headlines and bullets from Fox Business:

 

  • Wall Street ends higher as Dow edges to latest record
  • US consumer credit rose at slower pace in June
  • Gas prices climb as summer driving heats up
  • Anthem to withdraw from ObamaCare exchange in Nevada
  • Rockwell Collins & United Technologies in deal talks?: Report
  • Mylan’s EpiPen still king of the allergy market, despite criticism
  • The most profitable private companies in 2017
  • NFL’s Vince Wilfork retires with BBQ ad on Twitter
  • CBS reports 9.4 percent rise in quarterly revenue
  • Amazon isn’t main culprit in death of retail: Strategist
  • Mueller investigation could be finished before midterm elections, says Robert Ray
  • Conor McGregor has no chance against Floyd Mayweather, UFC rival says

 

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

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

 

S&P 500 2,480.91 +4.08 (+0.16%)

Dow 30 22,118.42 +25.61 (+0.12%)

Nasdaq 6,383.77 +32.21 (+0.51%)

Crude Oil 49.32 -0.26 (-0.52%)

Gold 1,263.30 -1.30 (-0.10%)

Silver 16.23 -0.02 (-0.14%)

EUR/USD 1.1793 +0.0021 (+0.18%)

10-Yr Bond 2.257 -0.01 (-0.44%)

Russell 2000 1,414.17 +1.85 (+0.13%)

8.7.2017DowJonesTickerManufacturedHousingIndustryDataResearchReportsDailyBusinessNewsMHPronewsjpg-1

 

 

 Manufactured Housing Composite Value

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Today’s Big Movers

Patrick, LPX lead risers.

NOB, UMH lead sliders.

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

Today’s MH Market Spotlight Report – Warren Buffett’s Berkshire Hathaway’s Clayton Homes’ Latest Buyout, More

  WarrenBuffettBerkshireHathawayClaytonHomesLogoDailyBusinessNewsManufacturedHousingIndustryResearchReportsMarketsMHProNews

As the Daily Business News signaled to readers about 2 weeks ago, Warren Buffett’s Clayton Homes has closed Friday on its latest manufactured housing industry acquisition.

Home-Mart in Tulsa, OK is now a part of the Clayton Homes family of retail brands.

Doug Gorman’s multiple award-winning location – which he now manages for Clayton – is literally across the street from a Clayton Home retail center branded store.

Informed sources tell MHProNews that several hundred thousand dollars have been set aside by Clayton for planned improvements and upgrades of an already appealing location on East Admiral Blvd, in Tulsa OK. No doubt, the website will undergo a facelift in the near term too.

HomeMartEastAdmiralBlvdGoogleMapsDailyBusinessNewsResearchDataReportsMHProNews

The Real News Behind the Deal?

There are several elements to what some say is the ‘real news’ behind what might otherwise look like “just another acquisition by Clayton of a retail center.”

Gorman – an RV/MH Hall of Fame inductee and multiple MHI award winning member – had the interesting habit of periodically taking the perspective of the Manufactured Housing Association for Regulatory Reform’s (MHARR) position on an issue, as opposed to the one being advanced by MHI.

The latest example?  Is an Op-Ed by Gorman, linked here.  It’s on a topic that rankles MHI’s ire, per our sources.

DougGormanICantImproveOnWhatMarkWeissMHARRPresidentCEOHasSaidanufacturedHousingIndustryVoices-MHProNews (1)

http://www.MHProNews.com/blogs/industryvoices/award-winning-mhi-retailer-regarding-hud-objectives-pam-danner-needed-changes/

Will such public positions by Gorman – that might prove embarrassing to MHI be allowed to continue – now that he’s an employee of a Buffett brand, which holds two of the four executive committee seats for MHI?

Another point is linked here, and that’s the signal that the Atlantic and IBIS World provided the industry, and which MHProNews’ flashback, flashforward reporting underscores.

IBISWorldAtlanticManufacturedHousingIndustryDailyBusinessNewsResearchReportsMHProNews

As one of the industry’s state association executives have told MHProNews, not only does Clayton control about 50 percent of the industry’s production, but in some states, floor dues are well over that mark.  Why?  Because Clayton’s vertically integrated retail centers are not limited to buying from Clayton Homes.

What that means is that in several states, 60 percent plus of the sales – and floor revenues – flowing into an association is from Clayton. Doesn’t that clearly give them enormous influence in those markets?

8.7.2017WarrenBuffettsBerkshireHathawayDailyBusinessNewsMHProNews

This is part one of a multiple part, periodic series on Buffett’s Berkshire Hathaway/Clayton Homes and the manufactured housing industry.  Watch for another upcoming feature, soon.

HomeMartClaytonHomesGoogleMapsDailyBusinessNewsResearchDataReportsMHProNews

 

See Recent Exclusive 1 Year Snapshot of All Tracked Stocks

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

NOTE: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

Manufactured Home Industry Connected Stock Markets Data

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 Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to a recent round of industry praise for our coverage, is found here.

A sample of our kudos…well over 1,000Thank you for your vote of confidence.

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

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

 

 


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