There are advantages potential advantages to both pithy as well as longform journalism and reports. This report will compliment our prior ones while illustrating that point.
Boor’s LinkedIn profile reveals that he is not from the manufactured housing industry. Depending on the support from his team, that may or may not be a significant issue.
Boor’s profile makes it clear that he is a seasoned business leader reportedly with an Master’s degree in Business Administration (MBA) in general business management from Harvard Business School.
In last night’s and this morning report, Boor’s quote shown below makes the claim that the business and/or the industry are well positioned for future growth.
In support of that statement, Boor pointed to several factors, including the one below.
Cavco’s new 2020 Investor Relations presentation makes similar points. See these November 2020 Cavco Investor Relations PowerPoint slides that follow.
Those two Cavco slides help tee up the balance of this evening’s report which will be our featured focus segment tonight. New readers, note that the featured focus follows the quotable quotes, left-right mainstream news headline recaps, and two of our three market summary graphics at 4 PM ET.
The manufactured home industry connected stocks snapshot for today at the closing bell follows the featured focus, plus the recent/related report links.
Quotes That Shed Light – American Social, Industry, National Issues…
Headlines from left-of-center CNN Business
- 2021 could be tough
- A person walks past the New York Stock Exchange in New York, New York, USA, 24 November 2020. The Dow Jones industrial average passed 30,000 points today for the first time in history.
- Investors are optimistic about next year, but all of the good news might already be priced in
- Automakers are still cranking out masks and other PPE as Covid roars back
- 10,000 of America’s restaurants are expected to close in the next three weeks
- Vaccines will jumpstart the global economy. But it may not feel like a boom
- Boeing set to deliver first 737 Max since plane’s grounding
- Analysis: Forget the deficit for now. We have to spend our way out of this pandemic
- Watch the top YouTube videos of the year
- Tesla, already worth $600 billion, wants to raise another $5 billion in stock
- Apple’s new AirPods Max headphones cost more than an iPhone SE
- Peloton stock falls after Apple announces launch date for Fitness+ service
- Webex beefs up its features to stay competitive with Zoom
- Economists to Bernie Sanders: Don’t kill the relief bill over stimulus checks
- Trump regulators leave a warning for the Biden team
- The end of the Trump era has the cable news wars heating up
- AT&T chief defends Warner Bros. streaming strategy
- Alexandria Ocasio-Cortez, D-N.Y., is seen on the House steps of the Capitol before the House passed a $2 trillion coronavirus aid package by voice vote on Friday, March 27, 2020. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images)
- Goya CEO names Alexandria Ocasio-Cortez ’employee of the month,’ claiming her tweets boosted sales
- A person wearing a protective mask holds a fuel pump nozzle while refueling at a Chevron Corp. gas station in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced — the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images
- Americans used less gas this Thanksgiving week than any since 1997
- SpaceX gets almost $900 million in federal subsidies to deliver broadband to rural America
- MARKETS
- DIVERSITY IN LEADERSHIP
- Number of Black female founders in million dollar club doubles
- Rashida Jones will be MSNBC’s new president
- Yellen could be the first woman Treasury secretary
- Germany requires quota for women on executive boards
- Citi’s Jane Fraser is first woman to lead a major US bank
- THE FUTURE OF DRIVING
- Uber is selling its self-driving car business to Aurora
- Self-driving robotaxis are taking off in China
- Tesla’s ‘full self-driving’ gets mixed reviews
- Honda’s new Legend will drive itself on busy roads
- Despite warnings from Tesla, Autopilot drivers still aren’t paying enough attention, study finds
Headlines from right-of-center Newsmax
- Trump Legal Team Will Be Pressing Legal Challenges Into January
- Rudy Giuliani and Jenna Ellis, members of the legal team helping President Trump contest last month’s election.
- Tuesday marked the “safe harbor” deadline, historically accepted as the date by which all state-level election challenges — such as recounts and audits — are supposed to be completed. But Rudy Giuliani and Jenna Ellis, representing Trump in his bid to overturn the election results, said the courts will look at challenges into next month, well past that deadline, the Washington Times reported.
- Election 2020
- Republicans Block Inaugural Resolution Recognizing Biden’s Win
- Arizona GOP Retweets Call ‘to Give My Life’ for Election Fight
- Gizzi: Judge Orders Selective Recount in NY-22
- Mooney Wants to Condemn Lawmakers Who Call for Trump Concession
- Texas AG Paxton Files Election Suit Against 4 Battleground States
- Ted Cruz: Pa. Election Case ‘Raises Very Serious Issues’
- Federalist’s Hemingway: Ga. Video Not Debunked
- Jenna Ellis to Newsmax TV: Media in ‘Rush to Judgment’
- Election 2020
- Republicans Block Inaugural Resolution Recognizing Biden’s Win
- Arizona GOP Retweets Call ‘to Give My Life’ for Election Fight
- Gizzi: Judge Orders Selective Recount in NY-22
- Mooney Wants to Condemn Lawmakers Who Call for Trump Concession
- Texas AG Paxton Files Election Suit Against 4 Battleground States
- Ted Cruz: Pa. Election Case ‘Raises Very Serious Issues’
- Federalist’s Hemingway: Ga. Video Not Debunked
- Jenna Ellis to Newsmax TV: Media in ‘Rush to Judgment’ |
- More Election 2020
- The Trump Presidency
- Judge Dismisses Flynn Case as Moot After Trump Pardon
- McConnell Says Relief Talks Should Drop Liability, State Aid
- Trump Lawyer Giuliani Says He Expects to Leave the Hospital on Wednesday
- Labor Sec. Scalia: Warp Speed Will Drop Unemployment Below 5 Percent
- Jenna Ellis to Newsmax TV: Axios Report on Party ‘Insanely Reckless’
- Manchin: Trump, McConnell Giving ‘Encouraging Signs’ on Relief Bill
- Congress Set to Pass Defense Bill Despite Trump Veto Threat
- US Fully Restores Protections for Young Immigrants
- Second US Judge Blocks Trump’s TikTok Ban
- Stephanie Mohr to Newsmax TV: Pardon Me, President Trump
- Finance
- Elon Musk’s Net Worth Jumps Nearly $10B in One Day
- Tesla CEO Elon Musk added $9.7 billion to his net worth in one day – cementing his hold as the second-richest person in the world.
- Apple to Tighten App Privacy, Remove Apps That Don’t Comply
- Research: Millions of Smart Devices Vulnerable to Hacking
- American to Preflight COVID Test for Restricted US Cities
- US Productivity Slightly Below Expectations at 4.6 Percent in Q3
- Health
- Study: Open Car Windows to Reduce COVID-19 Transmission
- You can’t keep six feet apart traveling in most vehicles, and even though the Centers for Disease Control and Prevention (CDC) suggests you avoid riding in cars with people who aren’t in your household…
- Body Issues Raise Depression Risk for Teens
- Study: Sports Can Reduce Behavior Problems in Boys
- Drinking Most Harmful at 3 Points in Life
- Study: Heart Rate Could Identify Depression
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
For several years, the Manufactured Housing Association for Regulatory Reform (MHARR), as well as other voices in manufactured housing both in and out of the Manufactured Housing Institute (MHI) have said that more personal property or “chattel” or home-only lending is necessary. MHProNews and our MHLivingNews sister site have made that case too.
It just so happens that Cavco’s new investor presentation makes a similar point.
MHARR and others have also made the case that improved zoning and placement would literally open up more opportunities for sales. Similar points have been made by others.
Again, Cavco’s investor relations packet has made a similar point.
In a fascinating statement for those with an eye on trends and history, Boor touted the pointed in his earnings call with investor/analysts that lower rates have been driving more sales. Boor specifically mentioned lower rates on manufactured home “home-only” – a.k.a. personal property or chattel loans – which MHARR has said makes up about 77 percent of all loan originations in manufactured housing.
In just a few slides and pull quotes, Boor has perhaps inadvertently made the arguments that MHARR has been promoting for years.
But that begs the question. Why, when Cavco Industries prior chairman, president, and CEO Joseph “Joe” Stegmayer was the Chairman of the Board of the Manufactured Housing Institute (MHI) Executive Committee, did Cavco not aggressively push for the full and proper implementation of DTS on all manufactured housing? Why has there instead been a nonsensical push for lending on the Clayton-Cavco-Skyline Champion back “CrossModTM homes?”
Additionally, when Tim Williams of 21st Mortgage Corporation ended FHA Title I lending by his firm, and more recently said that he was glad that the Government Sponsored Enterprises (GSE) chattel pilot program had failed, why didn’t Cavco howl in protest?
Given that Cavco’s Boor as well as their investor relations presentation deck have both made a solid case for why the items pushed by MHARR as obvious would benefit the entire industry, why has Cavco – or others at MHI – not joined hands to promote that together in Washington? After all, MHI, MHARR, and the Texas Manufactured Housing Association (TMHA) – plus others – previously worked together to successfully promote the passage of the Manufactured Housing Improvement Act.
The possible answer to these questions are troubling. At a minimum, they should be a red flag to industry professionals, investors, and others.
As the SEC pushes ahead with Wells Notices, it will be interesting to see what unfolds at Cavco. Logically, it may not be a surprise if they face at least one more hit on their share value. Why is Cavco planning to buy back stock instead of push for the implementation of options that would open up more opportunities in manufactured housing — using the very ideas noted and linked from this report?
Given that is supported by the thrust of Cavco’s leadership and IR presentation claims, from MHProNews’ expert perspective and a common sense look at their own statements, it seems that an argument exists that Cavco is failing their investors on several levels.
See the related reports to learn more.
Related, Recent, and Read Hot Reports
Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
Fall 2020…
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 each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing, and is starting our 12the year of serving the industry as the runaway most-read trade media.
Sample Kudos over the years…
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
· For expert manufactured housing business development or other professional services, click here.
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Disclosure. MHProNews holds no positions in the stocks in this report.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, 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 MHLivingNews.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.
