“Former TV personality Carlos Watson was convicted Tuesday in a federal financial conspiracy case about Ozy Media, an ambitious startup that collapsed after another executive impersonated a YouTube executive to hype the company’s success,” said left-leaning Yahoo News and the Associated Press (AP). “Brooklyn federal prosecutors announced on the social platform X that a jury found Watson guilty of all three charges against him: conspiracy to commit securities fraud, conspiracy to commit wire fraud and aggravated identity theft.” OZY Media produced a periodic series of videos called Trailer Park Nation that MHProNews would fisk, but which apparently went publicly unanswered by the Manufactured Housing Institute (MHI). According to Law 360 on 7.16.2024: “A New York federal jury on Tuesday convicted former Ozy Media CEO Carlos Watson of fraud and identity theft in a case alleging the charismatic startup founder lied to banks and investors in order to secure tens of millions of dollars in funding for the multimedia company.” Breon Peace, United States Attorney for the Eastern District of New York said: “The jury found that Watson was a con man who told lie upon lie upon lie to deceive investors into buying stock in his company.” Per Peace: “Ozy Media ultimately collapsed under the weight of Watson’s dishonest schemes and with today’s verdict, Watson himself has been held accountable for his brazen crimes,” who added: “The conviction of Carlos Watson underscores the profound damage caused by corporate fraud schemes.”
Left-leaning Wikipedia said of Watson that he was: “A former contributor on [left-leaning] MSNBC,” and “was the CEO of the media company Ozy Media, which he co-founded in 2013.[1]” “As an entrepreneur, Watson co-founded Achieva College Prep Service in 2002, which he later sold to The Washington Post and Kaplan.[2] Ozy Media raised over $70 million from investors.[3] Watson was the host of The Carlos Watson Show, a daily interview show on YouTube.[4]”
On February 23, 2023, Watson was arrested on fraud charges.[8] Ozy shut down on March 1, 2023, as a result of charges against Watson and other executives.[9] On July 16, 2024, Watson was convicted in New York of repeatedly lying to investors about the financial health of Ozy Media.[10]…”
In Part I below is the Department of Justice (DOJ) press release on the topic.
Part I
Carlos Watson, Founder and Former CEO of Ozy Media Inc., Convicted of Multi-Million Dollar Fraud Scheme
Tuesday, July 16, 2024
Carlos Watson, the founder and former Chief Executive Officer of Ozy Media Inc. (Ozy), was convicted today by a federal jury in Brooklyn of conspiracy to commit securities fraud, conspiracy to commit wire fraud and aggravated identity theft in connection with a years-long scheme to defraud investors in and lenders to Ozy of tens of millions of dollars. Ozy was also convicted on both counts of the indictment. The verdict followed 8 weeks of trial before United States District Judge Eric R. Komitee. When sentenced, Watson faces a minimum sentence of two years in prison, and a maximum sentence of 37 years in prison. The company also faces financial penalties. Watson was remanded pending sentencing.
Breon Peace, United States Attorney for the Eastern District of New York and Christie M. Curtis, Acting Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI), announced the verdict.
“The jury found that Watson was a con man who told lie upon lie upon lie to deceive investors into buying stock in his company. Watson invented phony financial figures and caused others to forge fake contracts and impersonate a media executive,” stated United States Attorney Peace. “Ozy Media ultimately collapsed under the weight of Watson’s dishonest schemes and with today’s verdict, Watson himself has been held accountable for his brazen crimes. My Office is committed to ensuring integrity in the financial markets and protecting investors, small and large, from fast-talking fraudsters looking to betray their trust and separate them from their money.”
“The conviction of Carlos Watson underscores the profound damage caused by corporate fraud schemes. Watson’s deceitful actions in defrauding investors of their funds and an attempt to defraud a financial institution of tens of millions of dollars illustrated the vulnerability of investors to false information. The FBI remains committed to bringing to justice those who engage in fraudulent activities, ensuring that the integrity of our financial markets is upheld and that market participants are protected from dishonest practices,” stated FBI Acting Assistant Director in Charge Curtis.
Ozy was a media and entertainment company with businesses that included digital newsletters, television production, podcasts and live events, the most prominent of which was a live festival known as “Ozy Fest.” Watson founded Ozy in 2012 and served as the company’s Chief Executive Officer. The company is now defunct.
As proven at trial, between 2018 and 2021, Watson and his co-conspirators, including then-Chief Operating Officer Samir Rao and then-Chief of Staff Suzee Han, orchestrated a scheme to defraud investors out of tens of millions of dollars through fraudulent misrepresentations and omissions about Ozy’s financial performance, including revenue, cash on hand and profit, ongoing business relationships with celebrities, acquisition prospects from high- profile technology and media corporations, contract negotiations and other corporate metrics. For example, Watson and his co-conspirators lied to prospective investors about who else might be investing in Ozy, the existence and size of acquisition offers received by Ozy, the existence and timing of “Series C” and “Series D” financing rounds by Ozy, and the existence and terms of Ozy’s business contracts — going so far as to direct Ozy employees to create fake contracts with forged signatures to provide in due diligence. On multiple occasions, when faced with questions from lenders or potential investors, Watson and his co-conspirators assumed the identities of and impersonated actual media company executives to cover up their prior fraudulent misrepresentations.
Forged Cable Television Contract and Impersonation of Media Executive
In December 2019, Watson and his co-conspirators attempted to induce a bank to lend Ozy money based on misrepresentations and omissions about Ozy’s business. Watson and his co-conspirators sought to secure the loan with anticipated revenues from a second season of an Ozy television show. However, the contract between Ozy and the show’s cable network for the second season of the show was still under negotiation. To induce the bank to make the loan sooner, Watson directed Ozy’s then-Chief Financial Officer (CFO) Tripti Thakur to send the bank a fake signed contract between Ozy and the cable network purporting to be for the second season. When Thakur refused, Rao, with Watson’s approval, sent the fake contract to the bank, copying the then-CFO. Later that day, Thakur emailed Watson and Rao to say that she was resigning effective immediately. She explained, “this . . . is illegal. This is fraud. This is forging someone’s signature with the intent of getting an advance from a publicly traded bank.” She continued, “To be crystal clear, what you see as a measured risk — I see as a felony.”
In subsequent months, Watson and his co-conspirators continued to attempt to induce the bank to lend Ozy several million dollars based on misrepresentations and omissions, including regarding the expected revenue from the second season of the Ozy television show. During these discussions, the bank requested to speak to a representative of the cable network. To conceal the lies about Ozy’s relationship with the cable network and the status and terms of their agreement, Rao, with Watson’s approval, created a fake email address in the name of an actual executive of the cable network, which Rao used to impersonate the executive and communicate with the bank about the potential loan.
Attempted Fraudulent Investment and Impersonation of Another Media Executive
From approximately November 2020 through February 2021, Watson and his co-conspirators attempted to induce Goldman Sachs to invest up to $45 million in Ozy by means of material misrepresentations and omissions regarding Ozy’s historical and projected financial results, debts, and business relationships. Had the full $45 million investment occurred as intended, $6 million of the $45 million would have been paid to Watson personally.
As part of its due diligence process, Goldman Sachs executives asked Watson and Rao to arrange a meeting with someone from YouTube. Watson and his co-conspirators claimed the online video service had paid Ozy nearly $6 million in licensing revenue for “The Carlos Watson Show.” This was another misrepresentation — Ozy was never paid by YouTube for Ozy content. Because Ozy did not in fact have any business relationship with YouTube, Watson and Rao agreed that Rao would impersonate a media executive at YouTube in communications with Goldman Sachs. On January 28, 2021, Rao, with Watson’s agreement, created a fake email address in the name of the media executive, which he used to correspond with representatives of Goldman Sachs.
On February 2, 2021, Rao had a phone call with employees of Goldman Sachs during which he impersonated a media executive from YouTube using a voice alteration application that he downloaded onto his cellular telephone to mask his voice during the call. During the call, Watson was in the same room as Rao, and texted Rao instructions about what to say and what not to say on the call. Shortly after the call, one of the employees of the financial institution contacted the actual media executive of YouTube who confirmed that he had not been on the call and that the online video service had no role in the production of The Carlos Watson Show. When members of Goldman Sachs later spoke with Watson, he falsely claimed that Rao had acted alone and as a result of a mental breakdown.
* * * * *
Rao and Han previously pleaded guilty to charges relating to their roles in the scheme and are awaiting sentencing.
The government’s case is being handled by the Office’s Business and Securities Fraud Section. Assistant United States Attorneys Jonathan Siegel, Gillian Kassner, and Dylan A. Stern are in charge of the prosecution, with assistance from Paralegal Specialist Jacob Menz.
The Defendants:
CARLOS WATSON
Age: 53
Mountain View, California
OZY MEDIA, INC.
Mountain View, California
E.D.N.Y. Docket No. 23-CR-82 (EK)
Contact
John Marzulli
Danielle Blustein Hass
U.S. Attorney’s Office
(718) 254-6323
Part II – Additional Information with More MHProNews Analysis and Commentary
Portrait of a Family | Trailer Park Nation | OZY
3) It isn’t that Ozy didn’t give any information that was grounded in some factual reality. By accident and/or design, Ozy appeared to be paltering or using information that a few minutes of research would have revealed to be incorrect, while producing an edgy narrative designed to evoke emotional responses.
The Great Eviction | Trailer Park Nation | OZY
How many saw these videos via other platforms, such as social media, it is unclear. But the impression this might leave on the under- or un-informed should not be dismissed.
4) Ozy obtained this video interview with Obama-Biden era HUD Secretary Julián Castro. Per their YouTube page, Ozy said: “Because the world of trailer parks isn’t so disconnected from your own rent or mortgage bill. In this segment of an exclusive, Julián Castro talks trailer parks.”
Julián Castro’s Take On Mobile Homes | Trailer Park Nation | OZY
MHProNews unpacked that in a prior report linked here, which apparently needs a tech fix, but that should be made available by this weekend. Check back to see that report.
5) MHProNews published the following fisking of OZY’s work, which the Google search above reflect ranked well, depending on the search terms.
6) Right-leaning Breitbart’s Alex Marlow, editor and author of the book Breaking Biden, noted some interesting facts about connections to left-leaning billionaire Laurene Powell Jobs and the collapse of OZY.
Ozy Media’s CEO was just convicted of fraud.
The outlet was another Laurene Powell Jobs joint.
Despite her billions, the company — run by a crook — still took out millions in government loans.
These people are why inflation went wild.
From BREAKING BIDEN: pic.twitter.com/RvWA43QvYe
— Alex Marlow (@AlexMarlow) July 16, 2024
Per Breitbart:
He faces up to 37 years in jail after being convicted of fraud and conspiracy charges following the eight-week federal trial.
Ozy Media — which was funded in large part by left-wing billionaire Laurene Powell Jobs — shut its doors last year after the New York Times ran an explosive investigation uncovering a scheme involving Watson and Ozy COO Samir Rao to impersonate executives from YouTube and other firms in order to land investment dollars.
The brazen plot involved years of deception that also included the misrepresentation and falsification of Ozy’s financial results, debts, and audience size.
Ozy was launched in 2013 as an entertainment and news company with the intent to produce TV and online content, as well as podcasts, for various outlets.
Laurene Powell Jobs — the widow of Apple’s Steve Jobs — was one of the company’s main funders, securing a seat on Ozy’s board of directors. Other investors included Silicon Valley venture capitalist Ron Conway and the German media conglomerate Axel Springer.
As detailed in Breitbart News’ editor-in-chief Alex Marlow’s book Breaking the News, Laurene Powell Jobs’ vast wealth has enabled her to amass numerous news outlets under her entity called the Emerson Collective. One of those outlets is The Atlantic — the once-venerated magazine that has become a left-wing propaganda platform that has published such infamous claims as the Trump “suckers” and “losers” hoax. …”
Breitbart said that the widow of Jobs’ wealth is estimated at about $13 billion, and yet the firm applied for federal PPP loans during the declared COVID19 pandemic. Per the tweet citing the book, Breaking Biden, those loans (that apparently stung taxpayers) were in the $2 to $5 million dollar range. “Lawyers for Ozy CEO Carlos Watson said they intend to appeal Tuesday’s conviction.”
One of the possible takeaways is that even a seemingly sophisticated media operator like Carlos Watson, who also has obvious ties to higher profile and well-connected personalities, that still doesn’t mean that what they produce, or ‘report’ is necessarily or automatically ‘the pure gospel.’ As MHProNews and MHLivingNews have reported for years, common methodologies include paltering, posturing, or a mix of accurate and inaccurate information. Fact checks are often warranted, regardless of how impressive the source or a slick video may seem to be. This next tweet (X-post) is dated 10.5.2021, so almost 3 years ago.
Lord give me the confidence of that time (this AM) that Carlos Watson went on The Breakfast Club and said Ozy Media “just got a quarter of a billion dollars of free advertising.” pic.twitter.com/fs3x2L5mDU
— Trung Phan (@TrungTPhan) October 5, 2021
Fast forward to Watson’s conviction.
Carlos Watson, found guilty of fraud, faces 37 years in prison for lying to investors about Ozy Media.
As I wrote in 2021 for @NYMag, what was weird about Ozy wasn’t that it was a hollow shell, but that so much hard work went into it.
Such a wastehttps://t.co/AM8zDvswqQ
— Jeff Wise (@ManvBrain) July 17, 2024
Unbelievable. Carlos Watson guilty of fraud, faces up to 37 years in prison: Carlos Watson and Ozy Media Found Guilty of Fraud https://t.co/9djHEx3xC0
— Sharon Waxman (follow me on Threads @sharonwaxman (@sharonwaxman) July 16, 2024
Carlos Watson, Founder and Former CEO of Ozy Media Inc., Convicted of Multi-Million Dollar Fraud Scheme
Defendant and His Co-Conspirators Raised Millions for the Company by Deceiving Investors and Impersonating Media Company Executives@NewYorkFBI https://t.co/NBbJLFRer0
— US Attorney EDNY (@EDNYnews) July 16, 2024
7) It is worth noting that while there has been understandable talk on the right about a politicized FBI and Justice Department, in this case, a clearly connected Watson nevertheless faced justice, as has U.S. Senator Robert “Bob” (“Gold Bars”) Menendez (NJ-D), that doesn’t mean that justice is always one sided.
BREAKING
US Senator Convicted in Corruption Scandal
Senator Bob Menedez was convicted today for taking bribes of $480,000, $100,000 in gold bars, and a luxury Mercedes car in return for advancing Egyptian Government interests and protecting foreign businessmen.
He will… pic.twitter.com/CihaOs7Pqo
— War Tracker (@wartracker4) July 16, 2024
:
New Jersey Senator Bob Menedez has been found guilty of all 16 felony counts including bribery, fraud, acting as a foreign agent, and obstruction.Senate Majority Leader Chuck Schumer has just called for Menendez to resign amid the conviction.
… pic.twitter.com/xHHTKEc142— RedWave Press (@RedWave_Press) July 16, 2024
The same Hunter Biden who was convicted on felony gun charges, has a long public record of drug abuse, skipped out on child support, and dodged federal income taxes, is now sitting in on senior meetings at the White House.
Are you comfortable with Hunter at the controls? pic.twitter.com/USnXQGpB6h
— Wesley Hunt (@WesleyHuntTX) July 2, 2024
This Is America’s Two-Tier Justice System
Democrats Convicted Donald Trump of 34 Felonies for a Filing Error
DOCUMENTED EVIDENCE: During The Barack Obama Admin, Joe & Hunter Biden Met With Mexican Billionaires For Secret Deals & Provided Access To The White House
“Foreign… pic.twitter.com/FkbM4ou71h
— Wall Street Apes (@WallStreetApes) June 8, 2024
8) There have been financial scandals involving firms and figures on the political right, such as Enron during the President George W. Bush (R) administration, and there have been those on the political left such as Theranos involving President/Vice President Barack Obama-Joe Biden. This scandal involving Watson and Ozy Media happens to involve the political left with Democratic supporters which happens to have impacted manufactured housing on several occasions.
9) MHI obviously failed our industry, the seekers of affordable housing, in not defending the good name of the industry. Former MHI chairman and 21st Mortgage Corporation President and CEO Tim Williams himself said that there is a good case to be made that the industry should respond to every report. Yet, even after MHI hired a communications professional, that has not occurred, as the OZY saga and scores of other examples illustrate.
10) Frank Rolfe may hardly be the standard for business ethics. But sometimes as the saying goes, even a stopped clock is right twice a day. Rolfe was arguably correct when previously and recently he slammed MHI for failing to properly defend and promote the manufactured home industry.
11) The need for a shakeup or housecleaning at MHI is becoming ever more obvious. It is not too late for MHI to weigh in on this Ozy Media scandal, and how it apparently presented several (not all) inaccuracies about manufactured housing. Ozy was wrong about the numbers living in manufactured homes. They were arguably wrong to leave the impression that buying a manufactured home means you will lose money on that investment.
12) It is better late than never. It is not too late for MHI to do some mea culpas, do the needed house cleaning, step up and start doing the right things that many industry pros have been calling for off and on for years. Every report that touches on manufactured housing, for good or ill, creates an opportunity to properly and accurately tell the story of manufactured housing. It is past time that MHI lives up to their own claims, isn’t it?
PS and possible programming notice. For years, MHProNews has monitored and reported on events that could impact the industry, such as the 2020 Democratic debates. MHProNews has been monitoring the RNC 2024 convention. Housing has come up, as has a mention by a U.S. Senate candidate and his ties to MHVille. Furthermore, there has been mentions of the earnestness of a potential Trump 2.0 presidency acting upon the saber rattling of sending illegal immigrants back to their nation of origin. If so, that could be a significant impact on U.S. housing availability and thus demand. See the prior and related reports, and MHProNews may do a follow up.
Part III – Our Daily Business News on MHProNews stock market recap which features our business-daily at-a-glance update of over 2 dozen manufactured housing industry stocks.
This segment of the Daily Business News on MHProNews is the recap of yesterday evening’s market report at the closing bell, so that investors can see-at-glance the type of topics may have influenced other investors. Our format includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines for a more balanced report.
The macro market moves graphics below provide context and comparisons for those invested in or tracking manufactured housing connected equities. Meaning, you can see ‘at a glance’ how manufactured housing connected firms do compared to other segments of the broader equities market.
In minutes a day, readers can get a good sense of significant or major events while keeping up with the trends that may be impacting manufactured housing connected investing.
MHProNews note, bold emphasis added below.
Headlines from left-of-center CNN Business – 7.16.2024
- Dow and S&P 500 close at record highs as investors bet on September rate cut
- ‘Morning Joe’ hosts take on-air swipe at NBC leadership after program was pulled from air
- Elon Musk, left, and former President Donald Trump.
- Elon Musk is going all-in on Donald Trump
- New inflation warning: Get used to high interest rates, IMF says
- Spending at US retailers has been mostly flat since the beginning of the year.
- Stocks surge after retail sales data shows Americans are still shopping
- The Dow closed at a record high Monday, the first trading day a shooter fired at former President Trump.
- The Dow’s surge is a calculated response to political turmoil
- People look at images of an injured former U.S. President and Republican presidential nominee Donald Trump.
- Conspiracy theories spread wildly after the first assassination attempt on a US president in the social media age
- A TV reporter at the scene of the Republican National Convention at Fiserv Forum in Milwaukee, Wisconsin, on July 15, 2024.
- As Republicans gather in Milwaukee, news outlets grapple with covering their rhetoric
- Gessen has been a critic of the Kremlin for several years, and has condemned Russia’s invasion of Ukraine.
- American journalist Masha Gessen convicted in absentia by Russia for criticizing its military
- Former President Donald Trump arrives for a “Keep America Great” in Fayetteville, North Carolina, in 2019.
- Here’s why people have fond memories of the Trump economy
- Biden unveils plan to cap rent hikes
- Hacker group claims it leaked internal Disney Slack messages over AI concerns
- Google is close to making its biggest acquisition ever
- Demolition Ranch YouTuber: ‘Shocked and confused’ to see Trump shooter wearing my shirt
- Russian cyber firm Kaspersky to shut down US operations after ban
- Dow closes at record high after Trump survives assassination attempt
- Macy’s rejected a takeover offer and is betting on itself
- Trump Media shares spike 30% after assassination attempt
- BlackRock pulls commercial that included Trump rally shooter
- Burberry CEO is out after company warns about its profit
- ‘Morning Joe’ pulled from air Monday because of Trump shooting
- China’s Communist Party meets to set direction for troubled economy
- US markets are steady following assassination attempt on Trump
To see this image below in a larger size, depending on your device,
click the image and follow the prompts.
Headlines from right-of-center Newsmax – 7.16.2024
- Iran Threat Prompted US to Bolster Trump Protection
- Saturday’s rally attack, however, so far appears unrelated to the Iranian assassination threat, officials say. [Full Story]
- Trump Assassination Attempt
- Fallon: Trump Shooting Epic Failure by Secret Service
- Iran Threat Prompted Increased Trump Protection; Rally Attack Seems Unrelated
- Burchett: Secret Service Director ‘Needs to Be Fired’ | video
- BlackRock Pulls Ad Showing Trump Gunman
- Ruddy: I Spoke With President Trump
- College Suspends Instructor for Assassination Attempt Post
- Report: Cops in Building Used by Gunman
- Secret Service Agrees to Independent Probe
- Greene: God’s Hand Was on Trump | video
- Lawmakers Moving Quickly on Probes
- Newsmax TV
- Lee Greenwood: Singing for Trump Had Special Meaning
- Comer: ‘No One Is Ever Held Accountable’ by Biden | video
- Will Scharf: Trump Deserves Apology For Mar-a-Lago Raid | video
- Eric Trump: Only ‘Grace of God’ Saved My Father | video
- Joni Ernst: Vance Brings ‘Young Voters to Table’ | video
- Malliotakis: Trump Shows Courage After Shooting | video
- Speaker Johnson: ‘I Believe God Saved’ Trump | video
- Newsfront
- Musk Moving SpaceX HQ From California to Texas
- Rocket company SpaceX will move its headquarters to Starbase, Texas from California, CEO Elon Musk said Tuesday in a post on X…. [Full Story]
- RNC Day 2 Turns Focus to Immigration
- Day 2 of the Republican National Convention turns the focus from [Full Story] | video
- Related
- Trump Delegates Still Oppose Gun Reforms After Spotted Shooter Gets Shots Off
- Biden: Focus on Trump ‘Lies,’ Not My Debate Performance
- Leading Pollster: Trump on Right Track With Vance as VP Pick
- Biden Says It Was ‘Mistake’ to Say He Wanted to Put ‘Bull’s-Eye’ on Trump
- Morning Consult: Trump Retains Lead After Shooting
- Ex-Trump Rivals to Pay Tribute on Second Night of Convention
- Newsmax is seeing massive growth, Neilsen data show…
- Nielsen: Newsmax Ratings Up in 2024
- Newsmax is seeing massive growth, Neilsen data show… [Full Story]
- Menendez Convicted in Corruption Trial
- S. Sen. Bob Menendez, D-N.J., was convicted Tuesday of all the [Full Story]
- DNC Steamrolling Biden Nomination Before Convention
- The Democratic National Committee is rolling on with plans to ensure [Full Story]
- Related
- Cognitive Test That Could Decide Election |Platinum Article
- Dem Pollster Greenberg: Biden Will ‘Lose Everything’
- Biden Returns to Campaign Trail With Speech to NAACP in Nevada
- Dem to Nominate Biden in Virtual Vote Before Convention, Despite Turmoil
- Ohio Dem Rep. Greg Landsman Backs Off Call to Oust Biden
- Schiff: Dems Lose House, Senate if Biden Stays
- Report: Postdebate Donations Surge for Trump, Biden
- Campaign donations to President Joe Biden and former President Donald [Full Story]
- Related
- RFK Jr Apologizes After Video of Call With Trump Leaks
- DNC Invests $15M in Swing State Infrastructure Push
- ‘Hillbilly Elegy’ Soars After Vance Earns VP Nod
- Virginia Poll: Trump Leads Biden, Putting State ‘in Play’
- Billionaire Ken Griffin Donates $25M to Boost GOP
- Musk Leads Silicon Valley Rally Behind Trump
- Musk to Fund Pro-Trump PAC with $45M Monthly |video
- NBC Poll: Most Dems Unhappy With Biden as Nominee
- Gold at All-Time High as Rate-Cut Hopes Boost Demand
- Gold prices rose more than 1% to a record high Tuesday, as investors [Full Story]
- Ruddy: I Spoke With President Trump
- President Trump understands Gods role in our lives and in our [Full Story]
- Florida Audiologist: “This Is The Best Hearing Aid In The US”
- com
- Israeli Strikes on Hamas Terrorist Cells Kill at Least 17
- Israeli forces battled Hamas-led fighters in several parts of the [Full Story]
- Related
- Israeli Cabinet Discusses Netanyahu’s Safety After Trump’s Attack
- Biden Voices Support for Israel, Highlights Aid to Palestinians
- 3 Israelis Wounded in Samaria Terror Shooting
- Israeli Drone Strike Kills Prominent Syrian With Close Ties to Assad
- Here’s How Much You Should Pay for Affordable Gutter Guards
- LeafFilter Partner
- Democrats Reignite Calls for Biden to Drop Out
- Following a brief reprieve as the nation focused on the attempted [Full Story]
- Ex-NBA Player Joe Bryant, Father of Kobe, Dead at 69
- Former NBA player and WNBA head coach Joe “Jellybean” Bryant, father [Full Story]
- Chelsea Clinton’s Drastic Transformation is Turning Heads
- Chelsea Clinton’s Drastic Transformation is Turning Heads
- i AM Famous
- Trump Attorney Blanche: DOJ Should Drop Prosecutions
- Donald Trump’s lead counsel in multiple criminal cases says President [Full Story]
- Russian Attacks on Grid Leave Ukraine in Power Crisis
- Russia’s assault on the Ukraine power grid is leaving the war-torn [Full Story]
- Related
- Ukrainian Attacks Wound 6, Cause Factory Fire Near Russian Border
- Russia Gives Cautious Reaction to Zelenskyy’s Summit Offer
- Zelenskyy: Ukraine Needs 25 Patriot Air Defense Systems and More F-16s
- Ukraine’s Mobilization Campaign Picks Up Despite Faltering Enthusiasm
- ‘Morning Joe’ Threatens to Quit After MSNBC Pulls Show
- MSNBC host Joe Scarborough called out the network for not televising [Full Story]
- Fmr NATO Chief Robertson: China ‘Deadly’ Challenge
- Former NATO leader George Robertson will lead a review of Britain’s [Full Story]
- Russia Plans to Block YouTube Access
- The Kremlin plans to block YouTube, one of the few remaining ways [Full Story]
- Project 2025 Brushes Off Criticism From Trump
- “Project 2025” representatives said they are not concerned about [Full Story]
- Retail Sales Hold Steady, Beating Gloomy Predictions
- S. retail sales were unchanged in June and the underlying trend was [Full Story]
- Related
- Dow Soars 588 Points as Rate-Cut Hopes Stay Strong
- Biden Wants National Rent Control
- President Joe Biden on Tuesday called on Congress to pass legislation [Full Story]
- Morning Consult: Trump Retains Lead After Shooting
- Former President Donald Trump continues to lead President Joe Biden [Full Story]
- Russia Gives Caution to Zelenskyy’s War Summit Offer
- The Kremlin on Tuesday gave a cautious reaction to Ukrainian [Full Story]
- DOJ to Appeal Ruling Dismissing Trump Documents Case
- The Department of Justice plans to appeal a judge’s dismissal of the [Full Story]
- Bandaged Trump Gets Hero’s Welcome on RNC Day 1
- Donald Trump made a triumphant entrance to cap the first day of the [Full Story] | video
- Taylor Greene: God’s Hand Was on Trump
- Marjorie Taylor Greene, R-Ga., says God’s hand was on Donald [Full Story] | video
- Pentagon: Shooter Not Affiliated With Military
- The shooter who came within inches of killing former President Donald [Full Story]
- Border Arrests Plunge in June; Lowest of Biden’s Presidency
- Arrests for illegally crossing the border from Mexico plunged 29% in [Full Story] | video
- Leading Pollster: Trump on Right Track With Vance as VP Pick
- Some call him “the Nostradamus of pollsters,” when Frank Luntz talks [Full Story]
- NBC Poll: Most Dems Unhappy With Biden as Nominee
- Only one-third of registered Democrat voters are satisfied with Joe [Full Story]
- Anti-abortion Advocates Halt RNC Battle Plans
- A group of anti-abortion advocates decided to end plans to fight the [Full Story]
- New GOP Platform Leaves Abortion to States
- Delegates at the Republican National Convention on Monday approved a [Full Story]
- EU Leaders to Boycott Meetings by Hungary’s Orbán After His Outreach to Russia, China
- Top officials of the European Union will boycott informal meetings [Full Story]
- More Newsfront
- Finance
- Gold at All-Time High of $2,452
- Gold prices rose more than 1% to a record high Tuesday, as investors flocked to the safe-haven asset after comments from Federal Reserve officials cemented expectations of a U.S. interest rate cut in September…. [Full Story]
- Musk Moving SpaceX HQ From California to Texas
- Musk Leads Silicon Valley Rally Behind Trump
- ‘Hillbilly Elegy’ Soars After Vance Earns VP Nod
- 5 Business Credit Myths You Probably Believe (That Will Stop You From Getting Business Credit)
- More Finance
- Health
- Watching Sports Is Good for Your Health
- If you were glued to the television this weekend watching Wimbledon, baseball, golf or the soccer finals, you may have boosted your sense of well-being, according to research. And if you were lucky enough to attend these sporting events in person, your health benefits are…… [Full Story]
- Breast Cancer Hormone Therapy May Drop Dementia Risk
- Regular Bowel Movements Linked to Better Health
- Medications That Don’t Mix with Alcohol
- Blood Test Predicts Response to Glaucoma Treatment
click the image and follow the prompts.
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- NOTE 1: Chart above of manufactured housing connected equities includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry finance lender.
- NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
- Note 4: some recent or related reports to the REITs, stocks, and other equities named above follow in the reports linked below.
- Note 5: Gifts of Sight and Insights, What’s in Store for 2024? Including 2023 Year End Reflections, manufactured homes, manufactured housing, mobile homes, MHVille, USA Snapshots, Manufactured housing industry year in review 2023.
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2023 …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.
2022 was a tough year for many stocks. Unfortunately, that pattern held true for manufactured home industry (MHVille) connected stocks too. See the facts, linked above.
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Disclosure. MHProNews holds no positions in the stocks in this report.
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- Note 1: MHVille means manufactured housing industry, MHVille also means artificially smaller manufactured housing (MH) industry,
- Note 2: Manufactured housing, building, factories, retail, dealers, manufactured home, communities, passive mobile home park investing, suppliers, brokers, finance, financial services, macro-markets, manufactured housing stocks, Manufactured Home Communities Real Estate Investment Trusts, MHC REITs.
- Note 3:
APO, Apollo Global Management, BAM, Brookfield Asset Management, BLK, BlackRock, BRK-A, Berkshire Hathaway, BX, Blackstone, CDPYF, Canadian Apartment Properties Real Estate Investment Trust, CIGI, Colliers International Group Inc, CG, The Carlyle Group, CSGP, CoStar Group, CVCO, Cavco Industries, ECNCF, ECN Capital Group, ELS, Equity LifeStyle Properties, FGF, FG Financial Group, FG Communities, KEY, KeyCorp, KMMPF, Killam Apartment REITs, LCII, LCI Industries, LEGH, Legacy Housing, LPX, Louisiana Pacific Corporation, MHC-UN.TO, Flagship Communities Real Estate Investment Trust (REIT), MHPC, Manufactured Housing Properties, MMI, Marcus and Millichap, NOBH, Nobility Homes, PATK, Patrick Industries, SKY, Skyline Champion, SUI, Sun Communities, UMH, UMH Properties, UFPI, UFP Industries.
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 linked herein. 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.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards, honors and numerous public recognitions for his achievements 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. Kovach is a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHLivingNews.com and MHProNews. MHProNews is ranked as the runaway most read trade media in modern manufactured housing history. Manufactured Home Pro News (MHProNews) is the documented #1 largest and most read source for manufactured housing industry News Tips and Views Pros Can Use, per Webalizer 2.23 (on 5.22.2024) and known data. MHProNews gets millions of visits a year and has significantly more pageviews per visit than CNN or Fox per SimilarWeb’s stats for those two sites (but in fairness CNN and Fox sites get more much more total traffic). Statistics – Data – Infographics – Research – Facts – Evidence – Trends – and manufactured housing industry expert Analysis make us and keep us the runaway most read in MHVille trade media. This article reflects the LLC’s and/or the writer’s editorial views and may or may not reflect the views of sponsors or supporters.
