According to investment and business news site MarketBeat, which cited Securities and Exchange Commission (SEC) filings and other sources as shown herein, are the following insights. Analysis by MHProNews will be provided in Part III. Part II is an update on our Monday antitrust report providing insights from the New York Post under the subheading “Storming the Castle.” According to the New York Post‘s recent report: “High-powered lawyers representing Big Tech clients have co-hosted a series of blue-chip fundraisers for Kamala Harris’s campaign as the 2024 presidential election draws near – and antitrust watchdogs are crying foul.”
Part I According to MarketBeat is the following
Insider Activity at Cavco Industries
…Director Steven G. Bunger sold 4,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the transaction, the director now directly owns 6,547 shares in the company, valued at $2,679,032.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Paul Bigbee sold 88 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total value of $35,323.20. Following the completion of the transaction, the chief accounting officer now owns 1,081 shares of the company’s stock, valued at approximately $433,913.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven G. Bunger sold 4,000 shares of Cavco Industries stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the completion of the transaction, the director now owns 6,547 shares of the company’s stock, valued at $2,679,032.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,663 shares of company stock worth $1,882,930. Insiders own 1.60% of the company’s stock.
Analyst Ratings Changes
CVCO has been the subject of a number of analyst reports. Craig Hallum upped their price objective on shares of Cavco Industries from $382.00 to $422.00 and gave the company a “buy” rating in a report on Monday, August 5th. Wedbush increased their price target on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. …
Part II – From the New York Post articled by Thomas Barrabi which reported: “Big Tech antitrust lawyers ramp up Harris fundraisers: ‘Trying to storm the castle’”
1) Under the photos in the New York Post (NYP) named above are the following quoted captions, which are relevant.
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Kamala Harris’s campaign surrogates has signaled she will take a friendlier stance toward businesses.
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Daniel Bitton is part of the team defending Google in the DOJ’s antitrust case targeting its digital advertising business.
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Edith Ramirez is listed as a co-chair of a fundraiser for the Harris campaign last Thursday.
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Renata Hesse once downplayed concerns about Google’s monopoly over online search. (Sullivan & Cromwell LLP)
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Karen Dunn (center) and other Google attorneys hosted a fundraiser for Kamala Harris earlier this [October 2024] month. (REUTERS)
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Kamala Harris has yet to take a firm stance on how she’ll approach Big Tech antitrust matters.
2) Extended excerpts from the text of the NYP are as follows.
Big Tech antitrust lawyers ramp up Harris fundraisers: ‘Trying to storm the castle’
|(10.28.2024)
High-powered lawyers representing Big Tech clients have co-hosted a series of blue-chip fundraisers for Kamala Harris’s campaign as the 2024 presidential election draws near – and antitrust watchdogs are crying foul.
Last Thursday, a group of “antitrust lawyers and economists for Harris” held a virtual fundraiser featuring an appearance by former US Assistant Attorney General Vanita Gupta. Ticket prices ranged as high as $6,600, according to a copy of an invitation obtained by The Post.
Notable co-hosts included Daniel Bitton, a partner at San Francisco-based law firm Axinn who is defending Google in the Biden-Harris DOJ’s lawsuit targeting its alleged monopoly over digital advertising
Other co-chairs included Renata Hesse, who once downplayed concerns about Google’s monopoly over online search; Edith Ramirez, a former Democratic FTC chair who once defended Google-owned YouTube in a class-action suit over kids’ privacy; and Ethan Glass, who has repped clients like JetBlue against US antitrust complaints.
Kamala Harris’s campaign surrogates has signaled she will take a friendlier stance toward businesses.
“This is a confab of ‘Big Law’ lawyers who have been representing monopolists against the FTC and DOJ, and they are shamelessly trying to storm the castle after being locked out during the Biden years,” one Democrat who pays attention to antitrust issues told The Post.
The Post reached out to the Harris campaign, Bitton, Hesse, Ramirez and Glass for comment but did not hear back.
Earlier this month, The Post reported on conflict-of-interest concerns that arose after several key members of Google’s legal team co-hosted an Oct. 18 fundraiser for Harris in Washington, DC – with tickets costing as much as $50,000.
Karen Dunn, a top litigator at white-shoe law firm Paul Weiss who infamously led Harris’s final debate prep against Trump on the same day that she delivered Google’s opening defense in the digital advertising trial, was listed as a co-chair.
Dunn’s colleagues Jeannie Rhee and Bill Isaacson also attended the event, which featured appearances by former US Attorney General Eric Holder, Uber general counsel and Harris’s brother-in-law Tony West and ex-acting Attorney General Sally Yates.
Just one day later, longtime Amazon general counsel David Zapolsky co-hosted a fundraiser alongside key Harris campaign surrogate and California Gov. Gavin Newsom, according to a copy of the invitation obtained by The Post.
In California, Newsom recently vetoed an AI safety bill that had been vigorously lobbied against by tech venture firm Andreessen Horowitz and trade groups representing Google and Meta. After initially opposing the bill, Amazon-backed AI firm Anthropic expressed tepid support for the bill after securing changes.
The offensive is playing out as Big Tech firms weather an unprecedented wave of antitrust litigation.
Apple and Google are in the midst of historic Justice Department antitrust cases, while Amazon and Facebook are currently being sued by the Federal Trade Commission. AI leaders like chip supplier Nvidia and OpenAI also have the attention of regulators.
“It should be deeply concerning to anyone, Republican or Democrat, that cares about reining in Big Tech monopolies, that (Harris’s campaign) continues to do fundraisers with lawyers for Google and other Big Tech companies,” public affairs executive Garrett Ventry said.
Top regulators appointed by the Biden-Harris administration, including FTC Chair Lina Khan and SEC chair Gary Gensler, have faced sharp pushback from Silicon Valley bigwigs for leading a crackdown on prominent firms active in the artificial intelligence and cryptocurrency sectors.
In July, billionaire Reid Hoffman sparked outrage among progressives when he accused Khan of “waging war on American business” and openly calling on Harris to fire her if she is elected. Other Democratic advocates, including Mark Cuban, have called for Gensler to be forced out.
The backlash has contributed to a surprising shift in Silicon Valley support toward Trump – most notably in the form of Elon Musk, who recently declared himself “dark MAGA” and contributed millions to his campaign.
The Harris campaign has made clear efforts to reassure Silicon Valley, a longtime source of support and major donations for Democrats.
Key Harris surrogates like Cuban and West have made the case in public and behind closed doors that she would take a friendlier stance toward corporate interests if she is elected.
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Last week, the Washington Post reported that West and ex-Treasury official Brian Nelson have been telling groups of tech executives that they are in “listening mode” during private outreach meetings on Harris’s behalf.
Andreesen Horowitz co-founder Ben Horowitz, who previously expressed support for Trump, reversed course last month by pledging a “significant” donation to Harris. Horowitz said he “had several conversations with Vice President Harris and her team on their likely tech policies and am encouraged by my belief in her.”
In September, Harris released an economic policy outline that provided arguably the most substantive look at the policies she would pursue in the office.
The 82-page document said a Harris administration would “encourage innovative technologies like AI and digital assets while protecting our consumers and investors” – but referenced the word “antitrust just one time.”
Some anti-monopoly watchdogs previously warned that corporate-friendly advisers in Harris’s orbit could lobby behind the scenes for leniency toward Google – potentially in the form of a “slap on the wrist settlement” rather than the full-fledged breakup sought by the feds.
In August, the DOJ won a historic victory after Judge Amit Mehta ruled that Google was a “monopolist” with an illegal stranglehold over the online search market. He is expected to decide on remedies by next summer – and the feds have floated a forced selloff of Google’s Android software or Chrome browser as potential fixes.
Meanwhile, closing arguments in the DOJ’s digital advertising antitrust case are expected to wrap up in November. Google boss Sundar Pichai has admitted that he expects the company to be entangled in antitrust litigation and appeals for “many years.” ##
Part III – Additional Information with More MHProNews Analysis and Commentary
In no particular order of importance.
1) With respect to Cavco Industries (CVCO), it seems odd at best that Craig Hallum has seemingly failed to shine a further light on Cavco Industries, following Greg Palm’s remarks in 2023 about manufactured housing’s relatively poor performance. Craig Hallum analyst Palm was arguable correct at the time, and the same principle raised by Palm then could be applied now.
2) To illustrate the point, consider the following Q&A on 11.4.2024 with left-leaning Bing’s AI powered Copilot.
In 2023, MHProNews reported on a key concern raised by analyst Greg Palm for Craig Hallum to Cavco Industries CEO Bill Boor: https://www.manufacturedhomepronews.com/analyst-to-cavco-why-is-manufactured-home-industry-production-so-weak-paradox-develops-lower-expectations-more-singles-in-q1-2023-cavco-industrie/ Is there any evidence online that Palm or others at Craig Hallum raised that manufactured housing industry underperformance concern since then?
Would you like to know more about the current performance or any other recent developments in the manufactured housing industry?
…
3) There has been several Manufactured Housing Institute (MHI) linked firms, not just Cavco or Equity LifeStyle Properties (ELS), where insiders have been selling shares. While that is not necessarily a cause for alarm, the fact that the trend appears to be toward selling vs buying by insiders, that should be at least a cautionary signal.
4) Pivoting to Part II and antitrust, that is a key concern for many in business, including manufactured housing. While there have been signficant antitrust cases during the Biden-Harris years, some of those were launched under the prior Trump adminstration.
5) So, as the linked reports above detail, while there has been plenty of talk and litigation continued or launched under Biden-Harris in the realm of antitrust, there appears to be a concerted move by the corporate-billionaire-donor class to insure that Kamala Harris (D) would NOT be agressive on antitrust issues. While the New York Post’s article above notes that some in the Trump-support orbit have signaled a similar hope to what donors for Kamala have, that Post article didn’t mention the fact that Trump’s vice presidential pick, Senator J.D. Vance (OH-R) has signaled support for antitrust and specifically for FTC Chair Lina Kahn. Vance, for example has said: “Can anybody really—in 2024—say that Google’s interest is America’s interest? Or…Apple’s interest is America’s interest?…That’s ridiculous.”
“Our investigation found that Amazon’s illegal practices were actually raising prices,” says FTC Chair Lina Khan on targeting retail giant Amazon. “If you had more competition that Amazon hadn’t squashed, consumers would be even better off.” https://t.co/2YkAwaDTU8 pic.twitter.com/CZVNaxjHPH
— 60 Minutes (@60Minutes) September 22, 2024
While there is murkiness caused by conflicting mainstream media reports on the antitrust topic, several sources beyond the New York Post article above seem to indicate that Kamala Harris (D) may be poised to pivot toward reigning in antitrust enforcement.
6) Market manipulation appears to be a serious concern in the manufactured housing industry, based on years of reports by MHProNews that essentially remains publicly unchallenged. After an initially glitched response, the follow up shown below illustrates that point.
Copilot, I think you misread those reports on MHLivingNews and MHProNews. While Lesli Gooch and Mark Bowersox may have postured as if all is well, have they specifically addressed allegations raised by Samuel Strommen or James Schmitz, for example? I’m not aware of any such direct response.
Would you like to explore more about the nature of these allegations or any other related topics? …”
7) The election is upon us. While polling and early voting seems to favor Trump-Vance and Republicans, it will all come down to what occurs on Election Day (11.5.2024) and its aftermath. On WMAL’s morning show, former U.S. attorney Joseph “Joe” diGenova said he doesn’t expect a quick known result to the election. It could be a week or more, diGenova said, due to mail in ballots and other challenges. Be that as it may, MHProNews plans to continue our industry-leading reporting on the election, but will close with the obvious. If you haven’t already, vote and vote wisely. The interests raised by Kamala Harris and Democrats appears to favor that of big business, billionaires, and the insiders. The reformed version of the Republican Party under what a Newsweek editor called “class traitor” Donald J. Trump appears to be the party of the working class, middle class, retires and “We the People.”
according to the University of Florida’s “UF Election Lab’s early voter tracker” are the following facts.
National Statistics
Total Early Votes: 73,618,394 • In-Person Early Votes: 39,677,058 • Mail Ballots Returned: 33,941,338 • Mail Ballots Requested: 67,254,506
Last updated: Nov 2, 2024 @ 4:26pm Eastern Time.
Total Voted by Party Registration
Reporting states with party registration data: AZ, AR, CA, CO, CT, DE, FL, ID, IA, KS, KY, ME, MD, NE, NV, NJ, NM, NC, OK, OR, PA, RI, SD, UT, WV, WY
| Party | Total Voted |
Percent |
|---|---|---|
| Democrat | 13,905,036 | 38.2 % |
| Republican | 13,127,518 | 36.0 % |
| None/Minor | 9,406,941 | 25.8 % |
| TOTAL | 36,439,495 | 100 % |
Total Voted by Age
Reporting states with age data: CO, DE, GA, ID, IA, MI, NC, PA, VA
| Age | Total Voted |
Percent |
|---|---|---|
| 18-25 | 1,395,249 | 8.0 % |
| 26-40 | 2,839,749 | 16.3 % |
| 41-65 | 6,803,505 | 39.1 % |
| Over 65 | 6,379,633 | 36.6 % |
| TOTAL | 17,418,136 | 100 % |
Total Voted by Gender
Reporting states with gender data: CO, GA, ID, MI, NC, VA
| Gender | Total Voted |
Percent |
|---|---|---|
| Female | 8,625,703 | 54.1 % |
| Male | 6,965,457 | 43.7 % |
| Unknown | 363,668 | 2.3 % |
| TOTAL | 15,954,828 | 100 % |
Total Voted by Race and Hispanic Ethnicity
Reporting states with race and Hispanic ethnicity data: GA, NC, SC
| Race | Total Voted |
Percent |
|---|---|---|
| Non-Hisp White | 5,954,207 | 64.5 % |
| Non-Hisp Black | 2,048,558 | 22.2 % |
| Hispanic | 240,088 | 2.6 % |
| Non-Hisp Asian American | 178,709 | 1.9 % |
| Non-Hisp Native American | 44,422 | 0.5 % |
| Other/Multiple/Unknown | 771,510 | 8.4 % |
| TOTAL | 9,237,494 | 100 % |
While this may appear to favor Democrats, there are reasons to think otherwise. One is that Republicans are turning out in early voting in greater numbers. Compared to 2020, Republicans are roughly tied nationally and are ahead in early voting in key swing states, per left-leaning ABC News.
ABC just showed early voting data from key swing states including Georgia, North Carolina, Michigan, Pennsylvania and Wisconsin — and there’s been a TEN point swing toward Republicans since this point in 2020.
This is huge. 🔥 pic.twitter.com/2i0pEgysoJ
— johnny maga (@_johnnymaga) October 20, 2024
Early voting results as of Nov 1, 2024.
Left pic is results (not counting independents)
Right pic is results with independents included.
Since early voting started last week MAGA has gained ground nationally & tightened the race. While Dem turnout has been stagnant. pic.twitter.com/8zFZb5EXBJ
— Maverick Alpha Zero (@mkalphazero) November 1, 2024
This is among WHO HAS ALREADY VOTED. Dems Always lead in early vote by much bigger margins than this
This is the Atlas Intel map. pic.twitter.com/Ek5XFXAdsn
— Nicole (@BigNicEnergy) October 31, 2024
Election Time has been reporting daily polling, early voting, and betting odds markets for weeks. They are projecting a similar final outcome to the election as is shown in the image in the tweet above.
Race Car Analogy
Every race car driver can tell you that when you round the bend in the final lap, you do not take your foot off the gas pedal. Instead, that is the time that you “put the pedal to the metal.” That is when you give it all that you have to give.
Now is the time for all those who haven’t already voted to make a plan to show up to VOTE. Tell your friends, associates, and family to do the same. You can make the difference. In 2000, 8 votes per county in the state of FL made the difference.
Again, our thanks to free email subscribers and all readers like you, as well as our tipsters/sources, sponsors and God for making and keeping us the runaway number one source for authentic “News through the lens of manufactured homes and factory-built housing” © where “We Provide, You Decide.” © ## (Affordable housing, manufactured homes, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing.
For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.
This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.
Connect on LinkedIn: http://www.linkedin.com/in/latonykovach
Related References:
The text/image boxes below are linked to other reports, which can be accessed by clicking on them.’
