Mario Gabelli, with over $19 million invested in stocks, has reduced his position in Skyline Corp., a producer of manufactured homes and recreational vehicles, by 3.21 percent. He now holds 406,700 shares, which represents 4.85 percent of the company, according to yahoofinance.com. Gabelli has decreased his holdings in the company over the past several quarters. The shares of Skyline have dropped this year by 48 percent, closing at $2.71 Wed., Sept. 24. Although for its fourth fiscal quarter net sales rose to $57.7 million, an increase from $48.8 million the previous year, Skyline lost net $2.5 million this year as opposed to a net profit the prior year of $45,000. As MHProNews reported Sept. 12, 2014, an independent audit issued a “going concern qualification” for Skyline. ##

(Photo credit: Joe Kelly–Skyline modular home at Iowa State Home show)