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.
Select bullets from CNN Money…
- Trump goes after the Fed: ‘I should be given some help’
- Apple pulls gambling apps criticized by Chinese state media
- PepsiCo is buying SodaStream for $3.2 billion
- Facebook — yes, Facebook — might make MRIs faster
- Europe is preparing another crackdown on Big Tech
- Greece is finally done with its epic bailout binge
- The bull market is showing signs of old age, but it’s not dead yet
- Jack Dorsey speaks about Twitter’s problems
- Fitbit Charge 3 is a waterproof smartwatch disguised as a fitness tracker
- See Fitbit’s newest smartwatch
- A new James Bond Aston Martin for $3.5 million – rotating license plate included
- 5 steps to making sure you’re ready to retire
- Most economic forecasts have a big blind spot: Climate change
- Former Fox analyst Ralph Peters: Fox viewers have ‘utterly skewed view of reality’
- Facebook accused by government of housing discrimination
- Relax — Netflix isn’t adding commercials
- Rudy said ‘truth isn’t truth,’ but he got something right
- Google CEO: We’re ‘not close’ to launching search in China
- This is how China controls its currency
- Trump asks regulators to study getting rid of quarterly reports
- New York Times ‘stands behind’ its article after attacks by Trump
- Alex Jones, InfoWars accused of destroying evidence related to Sandy Hook suit
- He’s a former refugee shaking up the money transfer business
- ‘Crazy Rich Asians’ director on the ‘overwhelming’ audience response
- Could she become Wall Street’s first female banking CEO?
- Two female CEOs in a row at the same company is (almost) unheard of
- Chipotle will retrain its staff in response to latest health debacle
- Aldi is going granola to compete with Whole Foods
- Over a third of Nordstrom’s sales now comes from digital
Select Bullets from Fox Business…
- Venezuela implements major economic changes – will they work?
- US stocks close up, S&P 500 near its record high
- Tesla ex-employees file SEC whistleblower complaints
- NY boy reopens lemonade stand, raises nearly $1K after health dept. shutdown
- States where $100 goes furthest: report
- Uber ‘divided’ over self-driving car unit’s future after pedestrian death: report
- US workers don’t want to move for new jobs
- Tiger Woods ‘still the biggest draw’ golf has: Bernhard Langer
- 5 mistakes startups usually make, according to this VC firm
- Colorado school district moves to 4-day week to cut costs
- Here’s how you can benefit from Anthem’s Walmart partnership
- Is Elon Musk unfit to lead Tesla?
- Ace hardware is unfazed by Amazon
- Corporate Mergers and Acquisitions
- PepsiCo buys SodaStream International for $3.2B
- Tyson Foods buying Keystone Foods for $2.16B
- Corona beer parent company bets big on marijuana
- Continue to Corporate Mergers and Acquisitions
- NY boy reopens lemonade stand, raises nearly $1K after health dept. shutdown
- Young entrepreneurs ditching Silicon Valley for these US cities
- Tesla whistleblowers’ Gigafactory allegations
- JPMorgan slashes Tesla stock price target
- Twitter doesn’t act according to staff’s ‘left-leaning’ political viewpoints: CEO
- Time for Elon Musk to step aside at Tesla?
Today’s markets and stocks, at the closing bell…
Manufactured Housing Composite Value (MHCV)
Today’s Big Movers
For all the scores and highlights on tracked manufactured home connected stocks today, see the Bloomberg graphic, posted below.
Today’s MH Market Spotlight Report –
The Daily Business News on MHProNews strives to track all of the ‘major’ deals within the industry. Some of those deals are reported here, on the evening market report, while others get a stand-alone report.
Last June MHProNews reported on the move below.
Near Half-Billion Deal for Gateway LifeStyle, Details Beyond News Release
Gateway is a golden agers focused, manufactured home portfolio operator, that has been tracked periodically by MHProNews for several years.
That tee’s up the following report.
Gateway, an Australian manufactured home operator, told the Australian stock exchange today that Hometown will pay AUD2.25 per security in cash, in the absence of a competing bid.
Gateway rejected Hometown’s initial bid as “too low”, before Brookfield emerged as a rival bidder. Hometown then increased its bid to AUD713m, but with greater requirements.
Gateway failed to agree to the requirements and Hometown has since reverted to its original offer.
An investor and fund manager, speaking under anonymity, said Hometown had effectively wanted immediate control of the company in return for the higher bid.
“Hometown wanted Gateway to seek its approval on such matters as acquisitions in the running of the business even before it had shareholder approval for its bid,” the investor told IPE Real Assets.
Gateway has informed the Australian Securities Exchange that Hometown’s replacement bid – which will close on 10 September – is now open to acceptance by shareholders.
Hometown said the offer “represents a very material premium of 28.5% over the last undisturbed security price prior to our initial approach”, and a premium of 48% to Gateway’s net tangible assets.
“We consider this to be our best and final offer price, subject to a competing proposal, and encourage Gateway security holders to accept the offer as soon as possible.”
The original report is posted at this link here.
The recent deal with Blackstone is linked below.
Bloomberg 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).
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
LCI Industries, Patrick, UFPI and LP all supply manufactured housing.
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.”
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
