If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.
The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.
Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves 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.
MH “Industry News, Tips and Views, Pros Can Use.” ©
ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here.
Selected headlines and bullets from CNN Money:
- What T-Mobile-Sprint deal could mean for wireless prices
- How worker pay compares at tech giants like Facebook, Google and Amazon
- Tell us: What are your questions about investing and personal finance?
- Why nursing schools are rejecting thousands of applicants
- Anthony Scaramucci is rejoining hedge fund after sale collapses, source says
- T-Mobile-Sprint deal will be a tough sell to antitrust regulators
- Big Oil deal creates largest American refinery
- McDonald’s raises prices and still posts stellar sales
- How China’s Xiaomi took India’s smartphone market by storm
- Walmart sells its UK supermarket business in $10 billion deal
- Team Trump goes to China to avert a trade war
- ‘Avengers: Infinity War’ assembles biggest box office opening ever
- When newsrooms fight their owners
- The coded ways we talk about jobs
- White House correspondents think about changing dinner for Trump era
- Here’s how people reacted to Michelle Wolf’s White House correspondents’ roast
- Stelter: Why Trump’s snubbing of White House correspondents’ dinner matters
- More women sign up to defend Brokaw as tension at NBC grows
- Why MSNBC host Joy Reid’s hacking claims don’t add up
- Why Exxon isn’t enjoying America’s big oil party
- Wynn Resorts CEO: We’ll drop the ‘Wynn’ name from Boston casino
- Joy Reid apologizes and says experts haven’t proven she was hacked
- American workers who lose their jobs in a trade war won’t get much help
- Everything Amazon has added to Prime over the years
Selected headlines and bullets from Fox Business:
- Stocks slip on weakness in healthcare, materials
- McDonald’s diners lovin’ burgers; stock surges
- Treasury Department unveils ‘fix’ for Fannie and Freddie
- Oil spikes after Netanyahu’s nuclear claims on Iran
- Twitter stock rises on Disney, ESPN content deal
- Trump tax cut could reduce overseas profit hoarding by this much
- Before the overhaul, U.S. companies shifted about $300 billion offshore each year.
- T-Mobile, Sprint to merge in all-stock deal
- Ex-NFL cheerleader not seeking monetary damages over discrimination: lawyer
- Wells Fargo CEO: ‘Absolutely open for business’
- Philadelphia elementary school stepping up anti-NRA campaign: Republican neighbor
- Merger Monday: Wall Street’s multibillion-dollar deal day
- Mnuchin on China: Frank discussions on trade ahead
- Small Business Week: Highs and lows for owners
- What to Know About Your Taxes
- Tax Day 2019: Why you should start prepping now
- IRS needs to modernize crashing computer system, lacks funds
Today’s markets and stocks, at the closing bell…
S&P 500 2,648.05 -21.86(-0.82%)
Dow 30 24,163.15 -148.04(-0.61%)
Nasdaq 7,066.27 -53.53(-0.75%)
Russell 2000 1,541.88 -14.35(-0.92%)
Crude Oil 68.45 +0.35(+0.51%)
Gold 1,317.10 -6.30(-0.48%)
Silver 16.27 -0.14(-0.83%)
EUR/USD 1.208 -0.0045(-0.37%)
10-Yr Bond 2.94 -0.02(-0.71%)
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 –
Patrick Industries Completes Acquisition of Dehco Inc.
ELKHART, IN — “Patrick Industries Inc. has completed the $53 million acquisition of Dehco Inc., headquartered in Elkhart, a distributor and manufacturer of parts and accessories for the recreational vehicle, manufactured housing and marine market,” reports Goshen News.
Patrick Industries says that Dehco operates one manufacturing facility in Indiana and four distribution centers in Indiana, Oregon, Pennsylvania and Alabama. Dehco’s 2017 revenues were approximately $88 million.
“Dehco’s complementary product lines align with our existing RV product portfolio and provide us with an opportunity to leverage our existing manufacturing and distribution platforms and nationwide geographic footprint to further increase our RV content per unit and product offerings in the primary markets we serve,” said Todd Cleveland, chief executive officer of Patrick.
“This acquisition is well-aligned with our strategic initiatives and capital allocation strategy and we look forward to working with the Dehco team to help further drive brand value,” said Andy Nemeth, president of Patrick Industries. “Consistent with previous acquisitions, we will support Dehco with a financial and operational foundation that will allow it to capitalize on its core competencies while preserving the entrepreneurial spirit that has been so important to its success.”
Patrick will continue to operate Dehco on a stand-alone basis under its brand name in its existing facilities.
Patrick Industries Inc. is manufacturer of component products and a distributor of building products serving the recreational vehicle, manufactured housing, marine, kitchen cabinet, office and household furniture, fixtures and commercial furnishings, and other industrial markets. Their closing numbers today are part of our Bloomberg ticker, further below.
The trend of consolidation in MHVille, continues…stay tuned for more emerging news, details and updates.
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.
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