Readers say this is also a quick review tool that saves researchers time in getting a view of the manufactured housing industry, through the lens of publicly traded stocks. MH “Industry News, Tips and Views, Pros Can Use.” ©
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ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here.
9 key market indicators, ‘at the closing bell…’
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Gold 1,226.50 +7.30 (+0.60%)
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10-Yr Bond 2.334 -0.012 (-0.51%)
Russell 2000 1,420.15 -6.54 (-0.46%)
Manufactured Housing Composite Value
Manufactured Housing Connected Stocks
Today’s Big Movers
Today’s Big Gainers were Cavco and AMG. Leading the Decliners were Patrick and LCI.
See below for all the ‘scores and highlights.’
Today’s MH Market Spotlight Report – is from insights, credit to Bloomberg and GuruFocus…
Tiziano Frateschi is a writer for GuruFocus. The firm’s website states that the Plano, Texas based company “GuruFocus.com is engaged in the business of financial news, commentaries, research and publishing. GuruFocus.com LLC is proud to be a Better Business Bureau (BBB) accredited company with an A+ rating.”
Frateschi did a report that focused on 7 stocks that he states are poised for a significant rise.
Frateschi said, “According to the GuruFocus All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices. The following stocks are trading with wide margins of safety [M.O.S.] and have positive performances over the past 12 months.”
Lennar Corp. Class B (LEN.B) Cirrus Logic Inc. (CRUS) Selective Insurance Group Inc. (SIGI) Industrias Bachoco SAB de CV ADR (IBA) Citigroup Inc. (C) Meritage Homes Corp. (MTH)
GuruFocus report then closes with the following on this leading manufactured housing industry supplier.
“Patrick Industries Inc. (PATK) is trading around $77.6 per share. The Peter Lynch value gives the stock a fair price of $99.25 so the stock is undervalued with a margin of safety of 22%. The stock started its positive upward trend three months ago; it now registers a positive performance of 11.6%.
Patrick Industries is a manufacturer of component products and distributor of building products and materials to the recreational vehicle and manufactured housing industries.
The stock is trading with a P/E ratio of 19.57 that is higher than 51% of companies in the Global Home Furnishings & Fixtures industry. The price is 9.87% below its 52-week high and 52.76% above its 52-week low. The P/B ratio is 4.07.
The largest shareholder among the gurus is Simons with 0.4% followed by Greenblatt with 0.13%, Royce with 0.13% and Caxton Associates with 0.03%.
Disclosure: I do not own any shares of any stocks mentioned in this article.”
See Recent Exclusive 1 Year Snapshot of All Tracked Stocks
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, while AMG, CG and TAVFX have investments in manufactured housing related businesses.
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