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Nobility Homes Bucks National Trends, Reported Serious Growth, plus Manufactured Home Stock Updates

July 3rd, 2019 Comments off

CNNmone7.3.2019ManufacturedHomeStocksMarketsReportsMHProNewsNobility Homes (NOBH) is a bright spot in the constellation of firms in the manufactured housing industry. Frankly, it is frustrating to report 9 months of year over year declining sales for the industry, when we as industry experts know that the overall declines are avoidable. Nobility is part of the proof that even when the industry in general has avoidable taken a slide, they have risen in a significant way.  On a day when the markets overall and most industry tracked stocks rose, Nobility Homes (NOBH) is 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 below, after 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.

The timing on the new Trump Administration executive order (EOs) was interesting. Consumer confidence has wavered. Conventional housing sales have dipped. That said, these types of EOs don’t just pop out of thin air. They are developed over time. There are inputs from a variety of potential federal, state, private industry stakeholders. On a down day for the markets, and mixed results on manufactured housing track stocks, the official White House statement and a video interview with HUD Secretary Carson are our focus for this evening.

CNN Business

  • Huawei’s fate is still unclear
  • Trump said he’d ease up on the Chinese telecom giant, but questions linger about what that means
  • IN PICTURES A rare look inside Huawei, China’s tech giant
  • Boeing dedicates $100 million to victims of 737 Max crashes
  • Dow, S&P 500 and Nasdaq close at record high
  • Here’s what to look for in Friday’s jobs report
  • Futuristic car is partially powered by the sun
  • Lee Iacocca, who helped create the Ford Mustang and then rescued Chrysler in the 1980s, has died
  • Why Netflix doesn’t really need ‘The Office’
  • OPINION The candidates are wrong. It’s a mistake to pay off college graduates’ debt
  • Android creator accused of cheating wife out of millions of dollars
  • Meghan McCain, ‘miserable’ at ABC, mulls leaving ‘The View’
  • Some Taco Bell restaurants face tortilla shortages
  • Facebook, Instagram and other platforms experiencing issues worldwide
  • These 4 countries are winning the US-China trade war
  • Nike featuring Betsy Ross flag canceled after backlash
  • Arizona governor says he wants to yank Nike’s tax breaks over sneaker controversy
  • Adidas under fire after racist and anti-Semitic tweets
  • Wayfair donates $100,000 to Red Cross after backlash
  • Chase told customers to stop splurging on coffee and cabs. You can imagine how that went
  • Canopy Growth co-CEO Bruce Linton says he was fired
  • A Wrigley chewing gum heir and a former Patrón CEO go all in on cannabis
  • A ‘Museum of Weed’ is coming to Hollywood
  • Cannabis sales could hit $15 billion globally this year
  • Thrive Market, an online retailer, is forced to stop selling CBD

Fox Business

  • Dow, S&P 500, Nasdaq hit new records ahead of July 4th
  • Trump slams China, Europe for ‘playing big currency manipulation game’
  • Here’s why President Trump wants a weaker dollar
  • US housing market ‘cooling’ when it could be booming: SALT cap to blame?
  • Who is Judy Shelton, Trump’s newest Fed board pick?
  • Amazon defends Alexa privacy features but lawmaker details lingering concerns
  • Hollywood producer Aaron Spelling’s former mansion sells for nearly $120M, breaking LA County record: report
  • Former Chrysler CEO Lee Iacocca’s greatest accomplishments, from the Mustang to the minivan
  • July 4 celebrations: States and fireworks taxes
  • Top 10 travel destinations for Fourth of July
  • Fourth of July sales you need to check out
  • Amazon plans to build 43-story skyscraper in Bellevue to accommodate thousands of employees: report
  • On-demand private jet service will shuttle passengers for $600
  • Walmart to lose $1B on US e-commerce business this year: Report
  • Pharrell Williams promises internships to more than 100 high school graduates in Harlem
  • Boeing earmarking $100M for those affected by Max crashes
  • Anderson Cooper’s large inheritance: A look at the tax obligations
  • Facebook cryptocurrency chief vows transparency as House Dems demand Libra halt
  • Fire in Kentucky destroys Jim Beam warehouse filled with 45,000 barrels of bourbon
  • New York City hikes mansion tax amid housing slowdown
  • Austin passes law allowing homeless to set up camp
  • Grucci’s big plans for the 4th of July fireworks display in Washington, DC
  • Small business owner: Worst year ever for finding part-time employees

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

9MarketIndicatorsYahooFinance7.3.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Today’s MH Market Spotlight Report –

NobilityHomesBucksNationalTrendsReportedSeriousGrowthPlusManufacturedHomeStockUpdates

Nobility Homes, Inc. (NOBH) announced sales and earnings for its second quarter that ended May 4, 2019. Sales for the second quarter of 2019 were up 43% to $12,742,688 as compared to $8,922,264 recorded in the second quarter of 2018, per a press release from AccessWire.

Income from operations for the second quarter of 2019 was up 79% to $2,135,726 versus $1,191,947 in the same period a year ago.

Net income after taxes was up 60% to $1,819,725 as compared to $1,135,605 for the same period last year.

Diluted earnings per share for the second quarter of 2019 were $0.47 per share compared to $0.29 per share last year.

For the first six months of fiscal 2019, sales were up 28% to $23,782,462 as compared to $18,568,082 for the first six months of 2018.

Income from operations was up 71% to $3,907,557 versus $2,282,104 last year.

Net income after taxes was up 56% to $3,355,531 compared to $2,151,841 last year.

Diluted earnings per share were $0.87 per share compared to $0.54 per share last year.

Nobility’s financial position for the first six months of 2019 remains very strong with cash and cash equivalents, certificates of deposit and short term investments of $31,723,668 and no outstanding debt.

Working capital is $37,245,662 and our ratio of current assets to current liabilities is 6.1:1. Stockholders’ equity is $48,322,892 and the book value per share of common stock outstanding increased to $12.52.

TerryTrexlerPresidentCEOFounderPhotoNobilityHomesOcalaFLLogoManufacturedModularHousingIndustryMHProNews500

Terry Trexler, still from their 2016 dated video, below.

Terry Trexler, President, stated, ”The demand for affordable manufactured housing in Florida continues to be strong. According to the Florida Manufactured Housing Association, shipments in Florida for the period from November 2018 through April 2019 were up approximately 26% from the same period last year. Constrained consumer credit and the lack of lenders in our industry, partly as a result of an increase in government regulations, still affects our results by limiting many affordable manufactured housing buyers from purchasing homes. However, legislation may help improve this situation in the future.”

Trexler continued, saying “Maintaining our strong financial position is vital for future growth and success. Because of very challenging business conditions during economic recessions in our market area, management will continue to evaluate all expenses and react in a manner consistent with maintaining our strong financial position, while exploring opportunities to expand our distribution and manufacturing operations.”

Our many years of experience in the Florida market, combined with home buyers’ increased need for more affordable housing, should serve the Company well in the coming years,” Trexler said.  “Management remains convinced that our specific geographic market is one of the best long-term growth areas in the country.”

That last point is born out by today’s report from the Manufactured Housing Association for Regulatory Reform (MHARR).  The report that Florida is the #3 state overall in recent years.  It is #2 in the nation so far this year.  It is also one of only 2 states that is rising, vs. 8 states that have slipped.

May2019NewManufacturedHomeShipmentDataDailyBusinessNewsMHProNews

On June 5, 2019 Nobility celebrated its 52nd anniversary in business specializing in the design and production of quality, affordable manufactured homes. With multiple retail sales centers, an insurance agency subsidiary, and an investment in a retirement manufactured home community, we are the only vertically integrated manufactured home company headquartered in Florida.

In closing on this snapshot for this evening before the July 4th national holiday, let’s disclose that we hold no position in this firm or the others tracked.  Let’s further note that we held this report to coincide with the May national shipment data.  It frankly makes their sales growth performance all the more impressive.

As a final note, as antitrust an regulatory oversight of several industries – including manufactured housing – increases, investing in a firm that lacks those risks could prove to be increasingly prudent.

 

 

Related Reports:

Manufactured Housing Production and Shipments, Official HUD Data, Report for May 2019

Retailers Lining Up, Eager to Lodge Antitrust Complaints, Plus Manufactured Housing Market Updates

 

Yahoo Finance Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

ManufacturedHousingIndustryConnectedStocksMHProNewsDailyBusinessNewsMHProNews

Updated:

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 on LinkedIn, 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.

Controversial Association Award Spotlights Manufactured Home Industry Challenges

June 27th, 2019 Comments off

ControversialAssociationAwardKMHIKentuckyManufacturedHousingspotlightsManufacturedHomeIndustryChallengesDailyBusinessNewsMHProNews

Riverbend Pointe, A Flagship Community, won the 2019 Community of the Year presented by the Kentucky Manufactured Housing Institute (KMHI) at its recent conference at the President’s Annual Awards Banquet in Florence, Indiana,” per the Lane Report on June 25, 2019.

 


Their article is arguably cheerleading at its finest.

CEO Kurt Keeney of Flagship Communities – formerly known as SSK Communities – purchased the community in 2015 during a state of disrepair, said Lane, which added that the older, abandoned homes were removed and replaced with new homes. “They conduct their day-to-day business in a professional and business-like manner and is in accordance with the KMHI’s Code of Ethics. They demonstrate outstanding leadership in the industry on the local, state, and/or national levels,” said Logan Hanes of KMHI.

Entirely missing from the report is the fact that on 6.26.2019, the Better Business Bureau (BBB) still rates SSK Communities as an “F,” presumably their worst or a failing score.

SSKCommunitiesFlagshipCommunitiesBBBBetterBusinessBureauAwardFRatingNathanSmithMHProNews

Is it a KMHI best practice to rename a BBB “F” rated member, hoping it misleads some of the public? The KMHI website shows Nathan Smith as second vice president of their board, seriously?

The KMHI’s website says about the trade group, “The Kentucky Manufactured Housing Institute (KMHI) is the trade association representing the factory-built housing industry in Kentucky. KMHI supports our members with training, continuing education and information — ensuring that the people who design, build, install, sell and finance factory-built homes have access to the best industry practices available.”

 

Best practices?  The troubling mainstream news video below has had more views that most if not all of the Manufactured Housing Institute’s videos combined.

 

 

Did they tell the Lane Report that SSK Communities was featured in Last Week Tonight with John Oliver’s viral hit video, errantly dubbed “Mobile Homes” – and they gave SSK now trying to rebrand as ‘Flagship’ an award?

Seriously?

 

Nathan Smith, SSK Communities, Manufactured Housing Institute Leader, Profitably Correcting the Record

 

Is the ‘leadership’ of MHI rubbing off on state association’s too? How loose can their association code of ethics be? How does this ‘award’ make the white hat members of the KMHI look and feel?  For those prospective customers who put two and two together, what will this suggest about the association?  The industry in their state?  

 

ManufacturedHousingInstituteLogoMHIBoardOfDirectorsLogoMHIExecutiveCommittee

The satirical logo is used in part to poke with a lighter touch at a serious topic. As some have framed it, there are white hat companies at MHI, and black hat companies.

 

SubmitNewsTipsCommentsLettersToEditorMHProNews

Reports like this one are often the result of emailed news tips from concerned industry members and other sources. 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 or Comment in the subject line.  If you want to be ‘off the record,’ just so note in your news tip.

 

That’s this pre-dawn installment of manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, and commentary.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsConnect on LinkedIn here. (Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

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.

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

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.

Related Reports:

You can click on the image/text boxes to learn more about that topic.

MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute

 

MHARRCallsHUDSecretaryCarsonEndDiscriminatoryZoningHUDRegulatedManufacturedHomesCommodoreHomesCorpMHARR

Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here. https://manufacturedhousingassociationregulatoryreform.org/mharr-calls-on-hud-secretary-to-end-discriminatory-and-exclusionary-zoning-of-hud-regulated-manufactured-homes/

 

President Trump Signs Executive Order on Affordable Housing Crisis, Ray of Light for Manufactured Housing? Plus, Manufactured Home Stock Updates

 

 

 

 

 

 

President Trump ‘Big Tech Should Be Sued,’ Google Manufactured Housing Angle Overlooked, Plus Manufactured Home Stock Updates

June 26th, 2019 Comments off

CNNmone6.26.2019ManufacturedHomeStocksMarketsReportsMHProNewsLongtime readers of the Daily Business News on MHProNews know that we’ve reported on aspects of tech and media bias or errors over the years. This evening the issue is significant with respect to the upcoming 2020 contests, but it is also relevant to business on the marketing and educational levels too. On a day when the major markets were mildly down, and manufactured home tracked stocks closed mix, we’ll look at the headline topic in our evening spotlight.

 

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 below, after 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.

The timing on the new Trump Administration executive order (EOs) was interesting. Consumer confidence has wavered. Conventional housing sales have dipped. That said, these types of EOs don’t just pop out of thin air. They are developed over time. There are inputs from a variety of potential federal, state, private industry stakeholders. On a down day for the markets, and mixed results on manufactured housing track stocks, the official White House statement and a video interview with HUD Secretary Carson are our focus for this evening.

CNN Business

  • Bad news for General Mills
  • People splurge on pet food, but not human snacks
  • As it happened Wayfair employees walk out to protest beds purchased for migrant camps
  • Wayfair reacts It pledges $100,000 to the Red Cross after backlash
  • LIVE UPDATES Stocks close flat, pare earlier gains
  • Dow rebounds after Steven Mnuchin ignites trade optimism
  • On his way out, White House economist Kevin Hassett says expanded legal immigration could help America
  • Dutch company develops partly solar powered car
  • Tech companies are stepping back in time to fight climate crisis
  • This Chinese smartphone company found a creative place to put the selfie camera
  • Iconic 80s computer The Commodore 64 to return with fully-functional keyboard
  • Bombardier quits commercial aviation after failing to break the Boeing-Airbus stranglehold
  • Reddit slaps ‘quarantine’ on popular pro-Trump forum The_Donald over threats of violence
  • Why Arby’s is testing meat products that look like big carrots
  • Why it’s so hard to make a foldable smartphone
  • Target and eBay want to give Amazon’s Prime Day a run for its money
  • Amazon Prime Day will actually be two days this year
  • Amazon is leasing more planes so it can deliver packages on its own
  • FedEx dumps Amazon from air cargo service as rivalry grows
  • Amazon’s new futuristic drone will soon deliver packages
  • When your job is to teach corporations to do the right thing
  • More women are joining Fortune 500 boards than ever before
  • The fight for transgender healthcare at work
  • Intel was losing employees. So it created an anonymous hotline to help unhappy workers
  • Should you text with your boss?

Fox Business

  • Wayfair walkout: How furniture retailer can avoid ‘slippery slope’ of political pressure
  • Trump says taxpayer pain could worsen in New York, California
  • WATCH: Exclusive Trump Interview
  • First 2020 Democratic presidential primary debate: What you need to know
  • On Wednesday, Sen. Elizabeth Warren, D-Mass., is the frontrunner having steadily made a series of gains since launching her campaign.
  • California mayor says high cost of living is root of homeless crisis
  • Kevin Durant declines $31.5M option, enters free agency: A look at his contract options
  • How’s the economy? Everyday Americans disagree with experts
  • Megan Rapinoe has clearly gone out of her way to insult our president: Varney
  • East Coast’s largest oil refinery to close after fire, Philadelphia mayor confirms
  • Google employees ask San Francisco Pride to exclude company from parade
  • These are the richest people in each state: report
  • Nike scraps roll out of new shoe line after Japanese designer backs Hong Kong protests: Report
  • Older Americans’ housing wealth surges to record high
  • What to do when your employees abuse your unlimited vacation policy
  • Low-tax states ramp up efforts to recruit unhappy SALT cap victims
  • Rapper Meek Mill becomes co-owner of Lids, announces new hat line
  • Trump-Xi trade talks at G20: America’s biggest weakness is no big secret
  • Trish Regan to 2020 Democrats: Enough with the free stuff, it’s not affordable nor sustainable
  • FOX Business’ Trish Regan on Bernie Sanders’ policies.
  • Trump-Xi G-20 summit: Common sense vs. tariffs and what’s at stake
  • Streaming wars: NBC to remove ‘The Office’ from Netflix
  • Top poultry producers accused of colluding to keep prices high
  • US at risk of recession in the next year?

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

9MarketIndicatorsYahooFinance6.26.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

 

PresidentTrumpBigTechShouldBeSuedGoogleManufacturedHousingAngleOverlookedPlusManufacturedHomeStockUPdates

Still from third video, posted further below.

 

Washington Examiner commentary writer Siraj Hashmi is interviewed in the video below on President Donald J. Trump’s concerns over bias on social media platforms is the topic of this video.

That political bias with the tech giants is getting more attention, as it should.  The right-of-center Fox Business video interview with Hashmi – which includes a short clip with the president – is below.

 

The intrepid conservative undercover video operation Project Veritas claims it has broken a story that purports Google insiders who revealed plans to stop a repeat in 2020 of the Donald J. Trump election upset accomplished in 2016.

YouTube, which with Google are both under parent Alphabet’s umbrella, allegedly censored the undercover video of Project Veritas. Here is a longer clip of President Trump commenting on this issue with Fox Business.

 

Next is right-of-center Daily Caller’s (DC) video on the topic. It includes some of the censored video. That noted, this DC video does a fine thumbnail pro-and-con on the trustworthiness of this Project Veritas video. Put differently, their analysis appears balanced – even humorous.

It’s Your Money, Your Future – 2020 Democratic Presidential Debate Line Up, Plus Manufactured Home Stock Updates

President Trump Signs Executive Order on Affordable Housing Crisis, Ray of Light for Manufactured Housing? Plus, Manufactured Home Stock Updates

 

Yahoo Finance Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

YahooManufacturedHousingINdustryConnectedStocksClosingTicker6262019MHProNews

Updated:

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.

 

 

 

 

 

As important as political bias can be for reasons noted in a report linked here earlier this week, it is no less important to businesses, nonprofits, organizations, and industries. That obviously includes manufactured housing.  Ask Google to define “manufactured home” and here is what the search result is.  That answer is factually incorrect. Given millions of searches, and the dimmer view that the public has about mobile homes, how can that mistaken definition help our industry?

defintion

Search bias by Google, YouTube, or any other search engine is as – perhaps more – serious as media bias or ignorance can be.

Given the industry’s struggles in recent years, and the challenges ahead in the election, this is an issue we plan to monitor.

Drone Downed, U.S. Counter Paused, American Oil Refinery Blast, Social Media Raises Concerns – Plus, Manufactured Home Stock Updates

June 21st, 2019 Comments off

CNNmone6.21.2019ManufacturedHomeStocksMarketsReportsMHProNewsThere is no evidence mentioned at this time in mainstream media that the blast and blaze at a Philadelphia oil refinery has any ties to terror. That doesn’t keep social media from lighting up with speculation on that very topic. Facts and speculation are two distinct things. Our report this evening will be on the oil blast, blaze and its expected. On a day when most manufactured home tracked stocks slid, we’ll take a look at reports about the MH-industry critical topic of oil.

 

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 below, after 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.

 

LeftRightMediaDivideGraphicDailyBusinessNewsMHProNewsCNNFoxNewsCNBCYahoo

CNN Business

  • The Philadelphia refinery that exploded early Friday had years of financial troubles in its past
  • NASA wants astronauts to go back to the moon in 2024. Is it possible?
  • Airlines are canceling or re-routing flights near Iran after an American drone was shot down
  • Dow disappoints in last minutes of trading
  • Blue Origin test fires its BE-7 rocket engine
  • Gas prices keep falling. Will the refinery fire change that?
  • US details new restrictions on Chinese supercomputer companies
  • Bitcoin’s march to $10,000 propelled by Facebook and the Fed
  • Sprint-T-Mobile decision delayed amid DOJ antitrust negotiations
  • Facebook reverses ban on Led Zeppelin album cover
  • The top prosecutor on Robert Mueller’s team is writing a book
  • Private prison stocks fall after Elizabeth Warren says they should be banned
  • One of these 12 women astronauts will go to the moon
  • Pixar looks for another box office hit with ‘Toy Story 4’
  • The world is crazy and the dollar is lower. Gold is above $1,400 for first time in years
  • Electric planes herald new era for aviation
  • Future Toyotas will automatically turn off
  • Fly inside Uber’s new air taxi cabin
  • This airless tire could eliminate flats
  • Toyota sets aggressive new target for electrified cars
  • Slack is now worth more than $20 billion
  • Slack is ruining my life and I love it
  • Why Slack chose a direct listing instead of an IPO
  • How Slack changed the way we work
  • Slack is a runaway success in the US. But can the ’email killer’ translate worldwide?

Fox Business

  • US manufacturers blame trade wars for slip in record-level optimism
  • Stocks close down but still notch weekly gains
  • Trump halted Iran counter-strike to spare estimated 150 casualties
  • Americans in France could be paid as much as $300M in back taxes
  • Zion Williamson’s NBA salary after tax hit
  • Boeing to launch astronauts to the Int’l Space Station in new capsule
  • Mnuchin: Iran must address ‘systemic money-laundering’ or face international audits
  • Higher salary may be predicted by this behavior in kindergarten, study finds
  • Toys R Us to reopen stores in the US later this year: report
  • AOC-backed economic theory should be ‘dismissed at your peril,’ expert cautions
  • Here’s how well Siri, Alexa and Google Assistant do recognizing prescription names
  • Median age in US rises to 38: How it may impact health care, entitlements
  • Women in college-educated workforce make breakthrough, study finds
  • Google stops making tablets, halts production on unreleased models: report
  • These cities have the most millionaires looking for love, dating app reveals
  • United Airlines, other carriers divert flights from Iranian airspace amid US tensions
  • Fed’s Bullard argues interest rate cut is ‘insurance’ against rising risks
  • McDonald’s testing automated drive-through ordering, robot fryers in Chicago
  • T-Mobile-Sprint deal faces opposition from four US states

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

9MarketIndicatorsYahooFinance6.21.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

DroneDownedUSCounterPausedAmericanOilRefineryBlastSocialMediaConcernsManufacturedHomeStockUpdates

Photo from local media as shown at the top right.

The Brunswick News reported about two hours ago that “Deputy Fire Commissioner Craig Murphy says the blaze at Philadelphia Energy Solutions started in a tank that holds a mix of propane and butane.

Left-of-center CNBC reported:

·        A series of explosions tears through a Philadelphia gasoline refinery, the East Coast’s largest, just as the busy summer driving season was beginning.

·        Five minor injuries were reported. 

·        Gasoline futures prices jump.

 

As we’ve noted previously on the Daily Business News on MHProNews, fuel prices can have a significant impact on the cost of manufactured housing.

Our prior reports, linked below, on the impact and wrinkles on the oil-Iranian issues stand, with this caveat. If – God forbid – terror attacks were to start on U.S. or other significant global refineries, Katy bar the doors.

As someone who speaks Farsi, this is why the West should not allow Iran to ever have a nuclear weapons.

See the in the related reports, below.

 

BiggestOilRefineriesCNBCDailyBusinessNewsMHProNews

 

Related Reports:

Iran Downs US Drone, Why Didn’t Oil Jump Higher? Plus Manufactured Housing Stock Updates

 

“You Made Me, Promises, Promises…” Historic Iranian, American Lessons in Freedom

 

Yahoo Finance Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

ManufacturedHousingIndustryConnectedStocks6221019DailyBusinessNewsMHProNews

Updated:

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

News Tip – Cavco Industries Legal Woes with SEC, Insider Insights

June 21st, 2019 Comments off

 

NewsTipCavcoIndustriesLegalWoesSECInsiderInsightsCavcoLogoManufaturedHomeIndustryMHProNews

Over a dozen law firms and scores of attorneys on all sides of the Joe Stegmayer controversy have poured over what has transpired before, during, and since Cavco Industries announced on November 8, 2018 the Securities and Exchange Commission (SEC) subpoena that sent their stock’s (CVCO) value plunging.

 

The Daily Business News on MHProNews routinely hears from a variety of well-placed sources related to this matter.

 

Among them, an attorney sent the following.

Checking the SEC-EDGAR system, Cavco has filed an amendment to their 2019 Shareholder meeting proxy form relating to the Board and Committee meetings attended by each Board member — no substance, just numbers — but look at the number of meetings and “sessions” related to the SEC Stegmayer investigation

The entire tip, which is according to information submitted to the SEC, follows. A key line, not to be missed in what follows, is this pull-quote:

  • “…the Board and the committees of the Board held during fiscal 2019. Page 13 of the Original Proxy Statement included disclosures that there thirty-three (33) Audit Committee meetings in fiscal year 2019 for both regular or SEC Investigation matters, of which eighteen (18) were Sessions. This disclosure was incorrect; there were forty-eight (48) Audit Committee meetings in fiscal year 2019 for both regular or SEC Investigation matters, of which thirty-three (33) were Sessions.”

With that tee up, here is the formal Cavco supplemental proxy statement, as provided.

 

____________________________

 

This Proxy Statement Supplement (“Supplement”) provides additional, clarifying and corrective information with respect to the Cavco Industries, Inc. (“Cavco” or the “Company”) 2019 Annual Meeting of Stockholders, to be held on July 9, 2019 at 9:00 AM (local time), at the Company’s corporate offices located at 3636 North Central Avenue, Suite 1200, Phoenix, Arizona 85012.

On or about June 6, 2019, the Company filed with the SEC and mailed to our stockholders of record as of May 24, 2019 a proxy statement (the “Original Proxy Statement”) describing the matters to be voted on at the Annual Meeting. All capitalized terms used in this Supplement and not otherwise defined herein have the meaning ascribed to them in the Original Proxy Statement. This Supplement should be read in conjunction with the Original Proxy Statement. 

The Original Proxy Statement included various disclosures and tables describing and disclosing the number of meetings of the Board, the Audit Committee, the Compensation Committee and the Corporate Governance and Nominating Committee that were attended by each of the Company’s directors during fiscal 2019.

This Supplement is being provided to supplement, clarify and correct certain of these disclosures relating to the number of total meetings of the Board and the committees of the Board held during fiscal 2019. Page 13 of the Original Proxy Statement included disclosures that there thirty-three (33) Audit Committee meetings in fiscal year 2019 for both regular or SEC Investigation matters, of which eighteen (18) were Sessions. This disclosure was incorrect; there were forty-eight (48) Audit Committee meetings in fiscal year 2019 for both regular or SEC Investigation matters, of which thirty-three (33) were Sessions.

The table and narrative below replaces in its entirety the table and narrative on page 16 of the Original Proxy Statement under the heading “Board and Committee Meetings” to: (i) provide corrected information with respect to the number of Audit Committee meetings in 2019 consistent with the previous paragraph, (ii) provide the total number of meetings for the Board, the Audit Committee, the Compensation Committee, the Corporate Governance and Nominating Committee and the Legal Compliance & Oversight Committee, and (iii) provide supplemental clarifying disclosure about the directors attendance at Board and committee meetings during fiscal 2019.

CavcoIndustriesCVCOProxySupplmentalStatementSECfilingManufacturedHousingIndustryMHProNews

Click on this image and download, then open, to see the full size for easier reading.

— ## —

 

MHProNews asked one of the attorneys to comment, and received this response: “…what’s especially interesting is the large number of meetings and “sessions” of the audit committee relating to the investigation…Also speculation, but I have to think that what’s happening is potentially serious, based on the amount of time that’s obviously being put into it and other steps they’ve taken.” 

Put differently, there is a lot of defense going on, which implies that there is plenty of offense facing Cavco by shareholder plaintiff’s attorneys, the feds, and perhaps others at play too.

Oddly, Stegmayer has continued on as MHI Chair.

ManufacturedHousingInstituteLogoMHIBoardOfDirectorsLogoMHIExecutiveCommittee

The satirical logo is used in part to poke with a lighter touch at a serious topic. As some have framed it, there are white hat companies at MHI, and black hat companies.

 

For added context and history, see the related reports, further below the bylines and notices.

ManufacturedHousingProNewsMHProNewsConfidentialTipsDocumentsNews

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 or Comments in the subject line.

 

That’s today’s second installment of “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, commentary.)

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers do.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

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.

 

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

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:

You can click on the image/text boxes to learn more about that topic.

EQUITY ALERT: Levi & Korsinsky – Investigation Possible Fraud by Certain Officers and Directors of Cavco Industries, plus MH Stock Updates

Cavco Industries (CVCO) Officials Issue Several Warnings

New Investigation, Insider Trades, Hedge Fund Dumps Cavco Industries (CVCO)

Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

Dueling Statements, NAMHCO, MHI, MHARR, Weigh In On Controversial MH Bill, “George Allen Pawn Gambit”

“Monopoly” in Manufactured Housing Alleged by George Allen, MHI Defender’s Turn by former Community-Investor, Self-Claimed EducateMHC Blogger

 

 

 

 

 

 

 

 

 

 

 

EQUITY ALERT: Levi & Korsinsky – Investigation Possible Fraud by Certain Officers and Directors of Cavco Industries, plus MH Stock Updates

June 18th, 2019 Comments off

CNNmone6.18.2019ManufacturedHomeStocksMarketsReportsMHProNewsJust when you thought it was safe for Cavco Industries (CVCO) shareholders to go back into the water again, Levi & Korsinsky, LLP have announced yet another investigation into the issues that became known on November 8, 2018.  On a day when the markets broadly rose, that will be our spotlighted feature 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 below, after 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.

 

CNN Business

  • Investors are on edge
  • Thanks to trade war and recession concerns, investors are the most bearish since 2008 crisis
  • Trump went on a Twitter rant about European markets. Here’s what it all means
  • The dollar has never been so popular. So why is interest in the yuan and euro growing?
  • Google investing $1 billion to fight Bay Area housing crisis
  • Facebook is soaring, but this investor is concerned it has too much power
  • We can’t rely on national governments to save failing communities
  • Beyond Meat went public at $25. It’s now trading around $200
  • Europe just gave the dollar a boost. Here’s why Trump hates it
  • J. Abrams close to striking production deal with WarnerMedia
  • Alex Jones hit with sanctions by judge in Sandy Hook lawsuit
  • Google is finally getting an Android version of iMessage. It’s called Chat
  • Boeing finds the first buyer for a 737 Max since its grounding in mid-March
  • Planters Peanuts is rolling out a sneaker. Yes, really
  • Inside Shake Shack’s unusual global strategy
  • Why Shake Shack is testing out a four day work week
  • Jamba Juice is dropping ‘juice’ from its name
  • Taco Bell will open 600 restaurants in India
  • Dunkin’ bet on better breakfast. It’s paying off
  • Making an old home healthier for you and the environment
  • Silicon Valley’s real estate market is finally cooling off. Sort of
  • The right way to invest in real estate
  • The secret market of private real estate listings
  • When $30,000 property taxes hit a little harder
  • Future Toyotas will automatically turn off
  • What China’s tech bonanza says about the future of autos
  • Carmakers are taking keyless entry to the next level
  • VW is creating an electric future. This is what it looks like
  • Fly inside Uber’s new air taxi cabin

Fox Business

  • Tesla under pressure as rivals prepare to launch new electric models
  • Stocks get Trump-China, ECB bump ahead of Fed decision
  • Amazon Prime Day 2019: Here’s everything we know so far
  • Winklevoss twins on Facebook’s Libra cryptocurrency: ‘We need to be frenemies’
  • Will the Fed cut interest rates during its meeting this week?
  • These colleges have the highest employment rate after graduating
  • Microsoft Windows vulnerable to ‘wormable’ BlueKeep malware, feds warn
  • Redskins deny owner Dan Snyder sailed $180M yacht to Cannes to find new stadium sponsor
  • Trump, Chinese President Xi Jinping to meet at G-20 summit, president says
  • World’s best airlines for 2019 named at Paris Air Show
  • Shanahan withdraws from consideration to be US defense secretary
  • Google promises $1B investment toward housing in San Francisco Bay Area
  • US Open Champion Gary Woodland says there’s a good reason to live in Florida
  • World’s population expected to swell to 10.9B by 2100, but then grind to halt: report
  • Red Robin, White Castle report Impossible Burger shortages as Impossible Foods struggles to meet demand
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  • Are you considered middle class? Here’s 1 factor beside salary that determines your status
  • Varney: When it comes to money, America makes it rain
  • Iran, China trade and Fed watch: ‘Will they or won’t they’ cut?
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  • Gary Woodland on the tax implications of his U.S. Open win in California
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  • Tesla under pressure as rivals prepare to launch new electric models
  • BMW, Mercedes-Benz, Audi and others are all beefing up their electric offerings in a new challenge to Tesla.

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

9MarketIndicatorsYahooFinance6.18.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

LeviKorsinsinksyLegalInvestigationCavcoIndustriesOfficersDirectorsDailyBusinessNewsMHProNews

Via a press release to the Daily Business News on MHProNews:

 

EQUITY ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Cavco Industries, Inc.

NEW YORK, June 17, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky announces it has commenced an investigation of Cavco Industries, Inc. (“Cavco” or “the Company”) (CVCO) concerning possible violations of federal securities laws.

On November 8, 2018, in a Form 10-Q filing with the U.S. Securities and Exchange Commission, Cavco announced that it had previously received a subpoena from the SEC’s Division of Enforcement requesting certain documents. According to the Company, this subpoena was received on August 20, 2018. Cavco also announced that on October 1, 2018, its former Chairman, President and CEO also received a subpoena. To obtain additional information…

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171

 ##

Cavco has been taking steps to shore up their bona fides with investors.

A sampling of related reports on this often revisited, seemingly ongoing issue are linked below.  Type “Cavco Industries” and/or “Joe Stegmayer” into our search box and you will find more.

Related Reports:

Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

Cavco Industries (CVCO) Officials Issue Several Warnings

Cavco Industries Investigated Anew for Violations of Federal Securities Laws, plus Manufactured Home Industry Stock Updates

Post “Debacle” – Insider Trade @ Cavco Industries – Has CVCO Hit Bottom? Plus, Manufactured Housing Equities Market Updates

8 Months of Declining Year-Over-Year HUD Code Manufactured Home Production – When Will Manufactured Housing Institute Act?

Positive, Uplifting Third-Party Reports Favor Modern Manufactured Housing, So What’s Going Wrong?

 

Yahoo Finance Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

ManufacturedHousingIndustryConnectedstocks618.2019DailyBusinessNewsMHProNews

Updated:

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.

Sextortion, Business, Investing, FBI Reports Scam Rising, plus Manufactured Home Stock Updates

June 17th, 2019 Comments off

CNNmone6.17.2019ManufacturedHomeStocksMarketsReportsMHProNewsIt is an underreported, but rapidly rising risk for large swaths of the population. But it may hold particular risks that are not fully appreciated by investors. Tips on how to spot and avoid this problem will follow. On a day when the markets went up mildly ahead of the next Fed statement, the threats posed by sextortion will be our featured 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 below, after 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.

 

CNN Business

  • Manufacturing slows
  • The industry contracted for the first time in two years as the effects of tariffs set in
  • This week’s Fed meeting is front and center on investors’ minds
  • Christine Romans: Investors are ‘pretty sanguine.’ Here’s why
  • Amazon condemns Alexandria Ocasio-Cortez for ‘starvation wages’ comment
  • Most self-driving companies say this tech is crucial. Elon Musk disagrees.
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  • Boeing is open to changing the name of the 737 Max
  • Women aren’t doing enough to secure their financial future
  • Beyond Meat will start making ‘ground beef’
  • Fired for being transgender: The fight for LGBTQ workers’ rights
  • Sexist hiring practices don’t only hurt women. They hurt men, too
  • The fight for transgender healthcare at work
  • What it’s like to be labeled the wrong gender at work
  • Minority employees are often asked to work ‘double duty’
  • Walmart wants to sell its own line of steaks. Here’s why
  • SPECIAL REPORT How a cheap, brutally efficient grocery chain is upending America’s supermarkets
  • Aldi moves into Walmart’s backyard
  • Lidl will open 25 new US grocery stores over the next year
  • The TJMaxx of supermarkets is going public

Fox Business

  • Huawei exec says there’s no link between Chinese government and telecom company
  • China’s Huawei gives Fox rare look inside headquarters amid US ban
  • How Gloria Vanderbilt became a designer jeans pioneer, fashion industry leader
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  • J. Watt calls on fans to ‘chip in and buy’ Whataburger after a majority stake is sold
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  • Beyond Meat’s plant-based ground meat ‘Beyond Beef’ to be added to select stores nationwide
  • Midwest corn farmer on planting season: ‘Disaster like I’ve never seen before’
  • Facebook cryptocurrency launch: Why ‘Libra’ could be worth billions
  • Celebrity chef Rocco DiSpirito: Beyond Meat IPO validates the fake meat market
  • Tariffs aren’t only way to solve problems with China, NRF’s David French says
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  • Boeing: Defense, aerospace market to grow to $8.7T
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  • Apple’s Tim Cook: Tech companies need to take responsibility for ‘chaos factory’ they built
  • Winning solutions from Fortune 500 business leaders
  • Iran, China trade and Fed watch: ‘Will they or won’t they’ cut?
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  • Target glitches raise concerns over the impact of tech[overlay type]
  • Target glitches raise concerns over the impact of tech
  • Driverless trucks headed to Florida roads
  • Bitcoin headed to $10K?
  • Apple’s Tim Cook slams big tech over privacy issues
  • Amazon slams Alexandria Ocasio-Cortez over ‘starvation wages’ comment: ‘AOC is just wrong’

 

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

9MarketIndicatorsYahooFinance6.17.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

 

SextortionBusinessInvestingFBIReportsScamRisingManufacturedHomeStockUpdatesDailyBusinessNewsMHProNews

Still from video posted further below.

The next three bullets are per CNBC:

  • Overall, extortion by email is growing significantly, according to the FBI’s Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported crimes, with total losses of $83 million.
  •  “The majority of extortion complaints received in 2018 were part of a sextortion campaign in which victims received an email threatening to send a pornographic video of them or other compromising information to family, friends, coworkers or social network contacts if a ransom was not paid,” according to the FBI.
  •  “Shame can be a tremendous weapon that these criminals use,” one expert explains.

If you think that sextortion only happens to billionaires or millionaires, think again. 

If you think it is only an American problem, the video that follows – which raises points applicable in the U.S. or Canada – is useful.

 

 

The world of tech and sextortion has put untold numbers at risk.  

While CNBC opted to report on this topic today, it is arguably an underreported challenge, based upon numbers supplied by the FBI.

Among the steps that arguably ought to be taken by publicly traded firms is to safeguard shareholders against the particular risk that sextortion could hold.

Have you asked firms you are invested in what steps, if any, they have taken to safeguard against the possible risks caused by sextortion or other similar scams? Surprises that seem unrelated to the core operation of a business could create an ugly surprise.

 

Related Reports:

Tips for Wealthy re Jeff Bezos Stolen Sexts Message Snag, Amazon Woes? Plus MH Market Updates

Joe Stegmayer, Cavco Industries, MHI Chairman, Insights from Innovative Housing Showcase

 

Yahoo Finance Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

 

YahooManufacturedHousingIndustryConnectedStocksMHProNews6172019

Still from video, below.

Updated:

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.

It’s Your Money, Your Future – 2020 Democratic Presidential Debate Line Up, Plus Manufactured Home Stock Updates

June 14th, 2019 Comments off

CNNmone6.14.2019ManufacturedHomeStocksMarketsReportsMHProNewsWhatever your political viewpoint – left, right, center, or meh – the upcoming 2020 presidential, congressional, and state races will have a serious impact on your business and investments.  So it pays to be in the know. Tonight’s spotlight report will follow our left-right headline review. On a day when many stocks rose, that will be our featured 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 below, after 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.

LeftRightMediaDivideInfGraphicSharylAttkissonMHProNews

CNN Business

  • Unintended consequences
  • Houses line the street in the Crenshaw neighborhood of Los Angeles.
  • Opportunity Zones were developed to help the poor. But trendy areas are benefiting
  • WEALTH COACH Can average investors take advantage of Opportunity Zones?
  • Quicken Loans settles with Federal Housing Authority in fraudulent lending case
  • Stocks are pointing lower. Global growth worries return. Here’s what’s happening in markets today
  • Chewy raises $1 billion in IPO
  • Women across Switzerland are on strike to protest the gender pay gap
  • NASA will need billions for moon landing, administrator says
  • What it takes to be a $200,000-a-year nanny
  • US oil imports from OPEC plunge to 30-year lows. China’s are surging
  • EXCLUSIVE With political scrutiny mounting, Google goes on job creation tour
  • Sundar Pichai warns against pushing to regulate big tech simply ‘for the sake of regulating’
  • Why tech may need to slow down
  • On-demand workers are protesting — using the apps they work for
  • EXCLUSIVE It’s time for businesses to start saving the oceans, argue Marc Benioff and Marco Lambertini
  • Broadcom was stung by US Huawei ban, dragging chipmaking industry down
  • Fake videos are a threat to the 2020 US election. This could stop them
  • Why it’s getting harder to spot a deepfake video
  • Will Facebook remove a fake video of its own CEO?
  • The US government is racing to fight deepfake
  • What is a deepfake, explained
  • Toyota cars will now turn themselves off if you forget
  • Gas prices could fall below $2 a gallon for many Americans
  • The US oil boom is making history
  • America’s CFOs are bracing for a recession
  • This is why America’s travel business is worried

Fox Business

  • Midwest corn farmer on planting season: ‘Disaster like I’ve never seen before’
  • US stocks trade lower on weak Chinese data, chip shares
  • PetSmart’s Chewy shares soar during its market debut
  • Amazon’s online market share may be smaller than previously thought
  • Cities where most residents have credit card debt of $10,000 and higher: report
  • Warren Buffett breaks million-dollar tradition at Tron CEO’s request
  • Raptors architect Masai Ujiri to be offered $10M, ownership stake to run Wizards: Report
  • Trump administration expands pre-tax accounts for health insurance coverage
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  • Trump’s pounding of Federal Reserve to continue he says
  • King Arthur Flour recalls more than 14,000 cases of flour over possible E. coli contamination
  • The Beatles’ first contract with Brian Epstein could fetch 6-figure bid at auction
  • AOC, Bernie Sanders skewer Amazon Prime’s new credit card: We ‘intend to outlaw it’
  • LIQS puts a high-end twist to your typical cocktail shot
  • Mike Huckabee: Sarah Sanders running for Arkansas governor ‘could happen’
  • Biden vs AOC: VP’s 2020 run pits him against Democratic progressives
  • These are the least affordable housing markets in the US, study says
  • Will Kamala Harris prosecute President Trump?
  • Biden blasts Amazon for tax strategies that Obama supported
  • Like oil and gas dominance, America can win rare earth production
  • Trump defends remarks about taking foreign government intel on rivals
  • Sanders’ socialism vs. Biden’s nostalgia
  • How this Eagle Scout earned 138 badges
  • Tesla will be purchased: Scott Galloway
  • Biden blasts Amazon for tax strategies that Obama supported
  • Amazon’s ‘zero tax liability’ is a feature, not a bug of the tax code.
  • Outlook for retail in America

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

9MarketIndicatorsYahooFinance6.14.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Today’s MH Market Spotlight Report –

FirstDemocraticDebateNight1WedJune262019DailyBusinessNewsMHProNews

Still from video, below.

Did you watch right-of-center Fox News’ town hall with former HUD Secretary Julian Castro last night?  We did.

 

The video report from left-of-center MSNBC provides the lineups for each night of the first 2020 Democratic debates as announced. Steve Kornacki breaks down what to watch for each evening.

As a reminder to readers, the plan here on campaign coverage for 2020 looks like this. We will cover Democrats, Republican, and any independents – such as Howard Schultz, or a stronger minor party – in the run up for the next several months, amidst other industry reports.

FirstDemocraticDebateNight2ThuJune272019DailyBusinessNewsMHProNews

Still from video, above.

We know that several 2020 candidates have already taken aim at manufactured housing industry issues.

Indeed, if you ponder former GOP presidential hopeful, and now HUD Secretary Ben Carson, plus others in Congress, there have been strong signals sent from both sides of the political aisle that manufactured housing could be a campaign topic.

We plan to lay the groundwork and cover it.

As we get into the early primary states, at some point we will underscore those candidates that we believe will be the best for the industry in our ‘We Provide, You Decide’ © fashion.

Then, once the candidates are finalized, we’ll ponder formal endorsements.

It’s your money. If you thought 2016 was a wild ride, our sources tell us to expect 2020 to make it look tame. So stay tuned.

Related Reports:

Manufactured Home Communities’ Dodd-Frank Moment Looms, Senator Elizabeth Warren Takes Aim at Several Manufactured Housing Institute Community Members

 

HUD Secretary Ben Carson Address to Innovative Housing Showcase, Complete Official Speech Text

Positive Congressional Reactions – Innovative Housing Showcase, HUD, MHEC, MHI, and Other Insights

Senate Democrats – Including 2020 Presidential Contenders – Ask CFPB Protect Consumers Against Predatory Lenders — Point Finger at Clayton Homes, Berkshire Hathaway Lending

Investigating Fannie Mae, Freddie Mac Over Duty to Serve Manufactured Housing

 

Yahoo Finance Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

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

 

YahooManufacturedHousingIndustryConnectedStocks6.14.2019DailyBusinessNewsMHProNews

Updated:

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.

Fed Hikes Blamed for Housing Slowdown, per Chan, former Chase Chief Economist, plus MH Stock Updates

June 4th, 2019 Comments off

CNNmone6.4.2019ManufacturedHomeStocksMarketsReportsMHProNewsFederal Reserve Chairman Jerome Powell signaled that there could be a rate cut ahead, if trade or other issues roil the otherwise healthy economy. That line from Powell sent stocks soaring today. But our focus tonight is on the comments about the broader housing market from former JP Morgan Chase Chief Economist Anthony Chan.  His economic take will be focus for this evening’s market spotlight.

 

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.

 

LeftRightMediaDivideInfGraphicSharylAttkissonMHProNews

 

Select bullets from CNN Money…

  • Dark mode is here
  • iPhone’s new feature could be easier on your eyes and save battery power. Here’s what to expect
  • Kraft Heinz is in big trouble. How bad could it get?
  • Elizabeth Warren is calling for a lower dollar
  • Airline stocks jump after Delta releases strong passenger numbers
  • PERSPECTIVES The bond market may be signaling something worse than a recession: Distrust in America
  • The market needs to get back on track. A trade deal would help
  • Jeff Bezos lands $80 million dollar ‘deal’ on three New York City condos
  • CVS plans to expand HealthHubs to 1,500 stores by 2021
  • Bumble plans to open its first cafe and wine bar in New York City
  • Why a US-Britain trade deal won’t be easy
  • It’s not just Quest: LabCorp says it was hacked too
  • Dow gains more than 500 points on second best day of the year for stocks
  • Big Tech was the heart of the bull market. Now it’s under fire
  • Climate change will cost companies $1 trillion. It also means opportunities
  • How a nonprofit plans to help big companies meet their sustainability goals
  • Toblerone and Cadbury to be made with sustainable cocoa
  • SPECIAL REPORT How to solve the world’s plastics problem: Bring back the milk man
  • Walmart will recruit students with free SAT prep and $1 a day college tuition
  • McDonald’s is partnering with AARP to hire older employees
  • US businesses are missing out on a valuable pool of talent: former convicts
  • How tight is the job market? Taco Bell is throwing ‘hiring parties’

Select Bullets from Fox Business

  • Bernie Sanders gears up to press Walmart on worker pay, representation
  • Bank of America CEO: Not expecting Fed rate cut this year
  • If the Fed cut rates, the stock market should not be celebrating: Peter Schiff
  • Fed, Trump on trade give stocks best day since January
  • How to protect yourself after Quest Diagnostics data breach
  • ‘Jeopardy!’ star James Holzhauer’s leaker could face legal trouble
  • Patriotic London pub renamed ‘The Trump Arms’ to honor president
  • Apple is shutting down iTunes: Where to get music now
  • These states have the best economies in the US: study
  • Mark Cuban believes Joe Biden has ‘good chance’ at beating Trump in 2020
  • Rihanna named world’s richest female musician by Forbes
  • Bank of America CEO recalls when US ‘society was in pretty rough shape’
  • Costco keeps shoplifting low by checking receipts, having unique layout, CFO says
  • FDA signs off on Eli Lilly’s Emgality as treatment for episodic cluster headache
  • NFL 18-game season? Here are 2 major obstacles in negotiations
  • Jeff Bezos spotted with Lauren Sanchez in Florida, report says
  • Los Angeles in ‘oversupply’ of mega-mansions for sale, report says
  • These are America’s favorite and least favorite mobile phones and wireless companies, survey says
  • Kawhi Leonard sues Nike over ‘Klaw’ logo ownership
  • Majority of Americans would take on debt to cover their kid’s college, survey says
  • Walmart CEO won’t let trade, tariffs bully US consumers
  • Elizabeth Warren plans ‘aggressive intervention’ to create, defend US jobs
  • Urgent solution to retirement planning challenges
  • The costly retirement planning mistake most American workers are making right now
  • Social Security benefits: 5 ways to increase your retirement checks

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

9MarketIndicatorsYahooFinance6.4.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

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 –

FedHikesBlamedHousingSlowdownPerChanFormerChaseChiefEconmistPlusMHMarketUpdatesDailyBusinessNewsMHProNews

 

Federal Reserve Chairman Jerome Powell signaled that there could be a rate cut ahead, if trade or other issues roil the otherwise healthy economy. That line from Powell sent stocks soaring today. But our focus tonight is on the comments about the broader housing market from former JP Morgan Chase Chief Economist Anthony Chan.  His economic take will be focus for this evening’s market spotlight. 

Former JPMorgan Chase chief economist Anthony Chan sounded off on the state of the U.S. economy, the housing market, and the Federal Reserve.  In an interview with Charles Payne from right-of-center Fox Business, Chan made it clear that:

 

·        He doesn’t see a recession signal in the year ahead.

·        He thinks interest rates hurt the broader housing market.

·        He thinks other factors in the housing market are a further drag there, which manufactured housing professionals should hear as one more reason why our sector of the housing industry should be roaring not snoring.

 

 

Related Reports:

8 Months of Declining Year-Over-Year HUD Code Manufactured Home Production – When Will Manufactured Housing Institute Act?

 

HUD Secretary Ben Carson, Affordable Housing, Obscuring the Truth, Innovations in Housing, and Manufactured Homes

Public Reactions to HUD Secretary Carson’s “Innovations in Housing” Promoting Manufactured Homes

 

 

Yahoo Finance 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).

ManufacturedHousingIndustryConnectedStocksYahooFinancialClosingTickerDailyBusinessNewsMHProNews

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 Industries Investigated Anew for Violations of Federal Securities Laws, plus Manufactured Home Industry Stock Updates

May 30th, 2019 Comments off

CNNmone5.30.2019ManufacturedHome-StocksMarketsReportsMHProNewsIt’s the most recent in numerous such investigations that have been announced by various law firms that specialize in national securities litigation.  This time, it is from a firm that says they were ranked #4 by ISS for recoveries in 2017. For the Cavco Industries (CVCO) home office, it was just another day since they first announced on November 8, 2018 that they had received the company and then chairman, president, and CEO Joe Stegmayer had received subpoenas.  The latest investigation by Block & Leviton is our focus this evening. The same day as the new investigation was launched, a new board member was appointed too.

 

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.

LeftRightMediaDivideInfGraphicSharylAttkissonMHProNews

Select bullets from CNN Money…

  • A rough year for unicorns
  • Some of the flashiest IPOs of 2019 flopped — but there’s still hope, if you know where to look
  • BREAKING NEWS Uber lost more than $1 billion in the first quarter
  • Disney, Netflix and WarnerMedia say new abortion law may push their movies out of Georgia
  • Rare earths could be the next front in the US-China trade war. Here’s what you should know
  • LIVE UPDATES Markets drift higher even as oil prices plunge
  • Disney spared no expense to make Galaxy’s Edge much more than a park
  • TOURING GALAXY’S EDGE Even the food is Star Wars-themed
  • Carl Icahn sues Occidental for ‘misguided’ Anadarko takeover
  • Wall Street is betting the president won’t let stocks collapse
  • A Pan-African free trade deal just came into force
  • Greyhound buses put up for sale by UK owner
  • Coca-Cola thinks Americans are ready for Coke with coffee
  • JPMorgan Chase settles claims it discriminated against dads
  • LaCroix was the Millennial ‘it’ brand. Now it has lost its way
  • How to survive the ultramarathon job interview
  • KFC is looking into plant-based chicken alternatives
  • Little Caesars is testing out an Impossible pizza
  • Tim Hortons is adding Beyond Meat sausages to its menu
  • Burger King brings the Impossible Whopper to 3 new cities
  • The meatless burger revolution is just getting started
  • PERSPECTIVES Businesses need to prepare workers for the AI revolution
  • Robots find a new job: Skyscraper window washers
  • Ford’s delivery robot walks like a human
  • See this robot deliver packages to your doorstep
  • Why Facebook is teaching a bug-like robot to walk

Select Bullets from Fox Business

  • Uber posts $1B loss, matching projections in first earnings report as public company
  • How Nancy Pelosi saved Wall Street — twice
  • It’ll be ‘very difficult’ to film in Georgia if abortion law holds, says Disney CEO
  • Activist investor Carl Icahn sues Occidental Petroleum over $38 billion Anadarko merger
  • Elizabeth Warren says her child care plan will save you cash, here’s her proof
  • Buying a car? 6 things to know
  • NBA stars Steph Curry, Chris Paul among top players facing stiff tax liabilities
  • Rare earth minerals, explained: What’s their role in the US-China trade war?
  • Pizza Hut updates Original Pan Pizza for the first time in nearly 40 years
  • China slams US for escalating trade war: It’s ‘naked economic terrorism’
  • Jeff Bezos speaks out after ex-wife pledges half her fortune to charity: ‘I’m proud of her’
  • Ocasio-Cortez’s minimum wage push to land her behind the bar once again
  • Venezuelan opposition leader Juan Guaido says Maduro is blocking aid for country’s children
  • Mount Everest deaths: Why low-cost expeditions may be to blame
  • This NYC apartment costs $85M but it comes with a trip to space
  • Legendary fight ring announcer Michael Buffer: I hear my voice and I cringe
  • High-tax Connecticut plagued by pension problems
  • NASCAR champ Kurt Busch buys America’s heroes tickets for every race
  • JPMorgan Chase reaches $5M settlement in paternal leave case: report
  • Waymo: Self-driving trucks returning to Phoenix
  • NBA contacted Raptors about Drake’s sideline behavior: Report
  • Liquefied natural gas deemed ‘freedom gas’ by Energy Department

 

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

9MarketIndicatorsYahooFinance5.30.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHPro-News

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 –

CavcoIndustriesInvestigatedAnewViolationsFederalSecuritiesLawsPlusManufacturedHomeIndustryStockUpdatesMHProNews

How Time Changes Perspectives

If you watch the video interview below with Joe Stegmayer, it speaks volumes. It’s a blast from the past, which is precisely what it is useful.  Note, among other points, that Stegmayer talks about the return of the industry to 250,000 new home shipments?  If that was a worthy goal then, why is the Manufactured Housing Institute (MHI) and Cavco not pumping that same point now?

 

 

It is one of several points that the law firms investigating Cavco may be overlooking.

That said, last December, MHProNews asked, had Cavco hit bottom? The answer was, yes, no, and sort of – because while CVCO’s share value went lower, it is now at about the same value as when we asked that question then.

 

Post “Debacle” – Insider Trade @ Cavco Industries – Has CVCO Hit Bottom? Plus, Manufactured Housing Equities Market Updates

 

In the months since the SEC related announcements, Cavco has positioned itself in several ways to respond to the legal ‘incoming.’

 

Cavco Industries (CVCO) Officials Issue Several Warnings

There is more below, but with that tee-up, let’s pivot to the press release from Block & Leviton LLP.

BOSTON, May 29, 2019 (GLOBE NEWSWIRE) — Block & Leviton LLP a national securities litigation firm, is investigating whether Cavco Industries, Inc. (CVCO) and certain of its officers and directors violated federal securities laws.

On August 20, 2018, Cavco 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. Then, 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.

After the market closed on November 8, 2018, Cavco and senior management filed the Company’s Form 10-Q for the quarterly period ended September 29, 2018 and disclosed the receipt of the SEC subpoenas. This news drove the price of Cavco shares down $49.48, or about 23%, to close at $165.20 on November 9, 2018.

Block & Leviton is investigating these allegations in order to file a class action complaint.

Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation’s largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.

This notice may constitute attorney advertising.

CONTACT:

BLOCK & LEVITON LLP
Dan DeMaria
(617) 398-5660 phone
260 Franklin Street, Suite 1860
Boston, MA 02110

CavcoIndustriesClosingTicker5.30.2019YahooManufacturedHousingDailyBusinessNewsMHProNews

Interestingly, BLOCK & LEVITON’s release coincided that same day with the news of a new independent appointment to the Cavco board.  It is part of the corporation’s apparent effort to shore up trust with investors.

Cavco’s release is below.

CavcoIndustries1YearStockTrackManufacturedHousingIndustryMHProNews5.30.2019

MHProNews doesn’t analyze a firm from the typical financial analysis perspective, rather, we look at a tracked stock from an industry expert’s vantage point. Our standard question is, why is the industry underperforming? Cavco and other IR packets make it clear that is so, which begs several relevant questions.

PHOENIX, May 29, 2019 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (CVCO) today announced that its Board of Directors (“Board”) appointed Julia W. Sze as an independent director of the Company’s Board, effective May 29, 2019. Ms. Sze is a Chartered Financial Analyst with over 25 years of experience in the investment management field. From 1991 until 2003, she was a fundamental analyst and portfolio manager, leading award winning funds in the Asia Pacific equity markets. From 2004 until 2011, Ms. Sze served as Chief Investment Officer for families and foundations at two U.S. banks, managing over $1 billion globally across numerous asset classes. Since 2009, she has been a leader in the impact investing field, developing environmental and social resilience in companies across multiple sectors and geographies. Since 2018, Ms. Sze has been a lecturer at UC Berkeley’s Haas School of Business, teaching entrepreneurship and investment management.

Ms. Sze brings Cavco’s Board current membership to seven directors, six of whom are independent. She will also be a member of the Company’s Audit Committee and will replace Steve Bunger, Chairman of Cavco’s Board of Directors, who stepped down from his seat on the Audit Committee.

Currently, Ms. Sze serves as a director of Tern Bicycles, a privately-held, Taiwan-based urban transport business with sales across the globe. Ms. Sze previously served as a member of the Board of Directors and Chair of the Assets and Liabilities Committee of New Resource Bank from 2016 until it merged with Amalgamated Bank in 2017. She now serves as Chair of the Strategic Advisory Board of Amalgamated Bank (AMAL).

“Julia is a great addition to our Board,” commented Steve Bunger, non-executive Chairman of the Board of Cavco. “She is an experienced board member with valuable investment management expertise. In that role, she has analyzed hundreds of companies, with a keen eye towards operational efficiency, financial strength, and social impact. Cavco is fortunate to have added a director such as Julia, and we look forward to her many contributions to Cavco and the Board.”

“I am thrilled to be joining Cavco’s Board, and I look forward to working with the Board and Cavco’s management team to produce improved results and grow Cavco’s business,” said Ms. Sze. She continued, “The affordable housing business is a sector of our economy that aligns extremely well with my experience and priority issue areas.”

“I’m really looking forward to working with Julia,” added William Boor, President and Chief Executive Officer of Cavco and a member of the Cavco Board. “She brings an investor’s perspective to the Board, but also understands the social impact that Cavco offers as a company focused on affordable housing. She truly complements a Board that covers a broad range of skills and experiences.”

Ms. Sze received two degrees from Stanford University: a Bachelor of Arts in Economics in 1989 and a Master of Arts in East Asian Studies in 1990. She received her Chartered Financial Analyst designation in 1998.

About Cavco Industries, Inc.
Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. The Company is one of the largest producers of manufactured homes in the United States, based on reported wholesale shipments, marketed under a variety of brand names including Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle and Lexington Homes.

The Company is also a leading producer of park model RVs, vacation cabins, and systems-built commercial structures, as well as modular homes built primarily under the Nationwide Homes brand. Cavco’s mortgage subsidiary, CountryPlace Mortgage, is an approved Fannie Mae and Freddie Mac seller/servicer, a Ginnie Mae mortgage-backed securities issuer that offers conforming mortgages, non-conforming mortgages and home-only loans to purchasers of factory-built homes.

ManufacturedHousingIndustryShipmentsFEMAManufacturedHomesNotMobileHomesTrailersIndustryResearchReportsDataMHProNews

Credits, MHI, Cavco.  See the Patrick information, in the related reports, below.

Investor Robert Robotti has been a long time believer in manufactured housing.  What he had to say previously, found in the report linked below, indicates in part the reasons why not only Cavco, but the industry at large is underperforming. Joe Stegmayer may be ‘out’ at his old leadership role there, but he is still the Chairman of the Manufactured Housing Institute (MHI).

Go figure. Someone’s not doing their homework?

Related Reports:

“Out-Performing the Market” Robert Robotti, Value Investing, and Manufactured Housing

Patrick Industries-Manufactured Housing Supplier-PATK Investor Relations Spotlights Manufactured Home Industry Challenges, Opportunities

 

Shocking, True State of the Manufactured Housing Industry, plus Solutions for Profitable, Sustainable Growth – May 2019

http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/game-on-fighting-discriminatory-zoning-moral-obligation-fix-worsening-nightmare-state-associations-entering-spotlight/

 

Yahoo Finance 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).

 

YahooFinanceManufacturedHousingIndustryConnectedStocksWatchlistMHProNews5.30.2019

MHProNews is testing out a new closing market report from Yahoo, to replace the Bloomberg closing ticker. Changes in the later’s new format made that regrettably problematic this week.

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.