Daily Stock Reports and News Updates for Manufactured Home, Modular Housing, Factory Built Housing. Fact Checks, Analysis, and Commentary.
Sun Communities, Inc. (NYSE: SUI) reported its Q3 2016 results on November 1, 2016. For the quarter ending September 30, 2016, total revenues increased $64.3 million, or 34.7 percent, to $249.7 million compared to $185.4 million for the same period in 2015. Net income available was $18.9 million, or $0.27 …
Noteworthy headlines on CNNMoney – Rolling Stone found liable for defamation. Why a lot of people are moving out of California. Cash is still king for Americans. U.S. unemployment falls to 4.9%. Some bullets from MarketWatch – U.S. stocks close lower for ninth time, in worst run since 1980. Why …
MHCV Bright Spot as Broader Markets Suffer Ninth Consecutive Down Day Read More
Noteworthy headlines on CNNMoney – Wells Fargo’s legal mess just got worse. Brexit roadmap: what happens next. FOX News gives Tucker Carlson a primetime show. Some bullets from MarketWatch – Stock market falls for 8th straight session. Generic drug stocks dive on report of possible criminal charges. Starbucks rallies on …
Affiliated Managers Group Leads Up Day for MHCV, Broader Markets Down Again Read More
UMH Properties, Inc. has successfully completed the $16.3 million refinancing of its Fairview Manor community through Wells Fargo Bank, N. A. The loan, from the Federal Home Loan Mortgage Corporation (Freddie Mac), has a 10-year maturity with principal repayments based on a 30-year amortization schedule. Interest is set at 3.85 percent …
Drew Industries Inc. (NYSE:DW) is scheduled to release its Q3 2016 earnings data this morning at 8:30 a.m. ET. Analysts expect Drew to post earnings of $1.20 per share (EPS) and revenue of $392.70 million for the quarter, according to The Cerbat Gem. During its Q2 earnings call on August …
Drew Industries to Announce Q3 Earnings; Analysts, Big Banks Bullish Read More
Noteworthy headlines on CNNMoney – Anti-trust suit filed against DIRECTV. Venezuela is running out of time and money. The Wall Street Journal trims paper – and staff. Oil dives seven percent this week. Some bullets from MarketWatch – Whole Foods eliminates co-CEO structure, names John Mackey CEO. Fed says it …
Drew Industries Up on Down Day for MHCV, Broader Markets, Oil Down Again Read More
Clayton Homes, a subsidiary of Berkshire Hathaway, has acquired Lee’s Summit, Missouri-based Summit Custom Homes, according to the Kansas City Business Journal. The acquisition was made by the company’s site-built division, Clayton Properties. As Daily Business News readers are aware, Clayton Homes is the largest producer of manufactured homes in …
Noteworthy headlines on CNNMoney – America’s truckers getting biggest pay raises. Gas price spikes, shortages coming after pipeline blast. How much you’ll really pay for Obamacare. Super-rich investigated for paying too little tax. Some bullets from MarketWatch – Apple’s stock suffering fifth straight loss after earnings. Bank of America cuts …
MHCV, Broader Markets Hit Hard, Affiliated Managers Group Lone Bright Spot Read More
Drew Industries Inc. (NYSE: DW) has announced their acquisition of Elkhart, Indiana based Atwood Mobile Products, Inc. via Lippert Components, Inc. (LCI), a wholly owed subsidiary. The sale is expected to be completed in November. “Atwood has been a household name in the RV and trailer markets for over 30 …
Drew Industries Completes Fourth Acquisition of 2016 Read More
Noteworthy headlines on CNNMoney – Donna Brazlie out at CNN. Mexico posts worst growth in two years. GE bets on oil with Baker Hughes deal. Britain’s new pound coin won’t fit into vending machines. Some bullets from MarketWatch – S&P 500, Dow book third straight monthly loss. Fed expected to …
Louisiana-Pacific Leads Up Day for MHCV, Oil, Broader Markets Down Read More
Noteworthy headlines on CNNMoney – Civil rights groups brace for “chaotic election.” Warren calls out KPMG for Wells Fargo disaster. U.S. economy posts best growth in 2 years. Some bullets from MarketWatch – FBI restarting probe into Hillary Clinton’s emails. Drug stocks sink as backlash against price hikes hits bottom lines. …
Equity LifeStyle Properties Leads Up Day for MHCV, Broader Markets Down Read More
As the manufactured housing (MH) industry develops its value proposition as a solution to the waning American dream of home ownership, a recent comparison of company stock value and ROI, sheds light on just how powerful the industry’s potential could be. According to Capital Market Labs, in a recent comparison …
Head-to-Head: Cavco Stock Three Times Higher Value Site Builder MDC Read More
Noteworthy headlines on CNNMoney – IRS impersonators accused of stealing from elderly. 401(k), IRA contribution limits won’t go up in 2017. Murdoch discusses Fox News contract talks. Europe rescues its huge free trade deal with Canada. Some bullets from MarketWatch – CenturyLink in advanced merger talks with Level3 Communications. U.S. …
Berkshire Hathaway, Louisiana-Pacific Up on Down Day for MHCV, Broader Markets Read More
Noteworthy headlines on CNNMoney – Housing bubble fears have returned. Verizon exec on Yahoo deal: “We have to be careful.” Chipotle falls 9% as recovery efforts fail to impress. Southwest Airlines stock plunges on lower fares. Some bullets from MarketWatch – “High pressure economy” may punish both stocks and bonds …
Carlyle, Cavco Up on Down Day for MHCV, Broader Markets Mixed Read More
Sun Communities, Inc. saw its short interest rise significantly in September, reports Chris Copeland for Baseball News. As of Sept. 30, the real estate investment trust’s short interest reached 1,758,243 shares, an increase of 77.5% from the 990,646 shares it had just 15 days earlier. According to an average daily …
Insider Trades, as Short Interest in Sun Communities by Fund Managers Rises Read More
Noteworthy headlines on CNNMoney – ObamaCare premiums to soar 22%. GM doubles earnings as it moves past recall crisis. Chipotle customers still scared. Under Armour takes biggest plunge since 2009. Some bullets from MarketWatch – Apple sales likely to fall again despite Samsung woes. Why Obamacare is in political purgatory. …
Carlyle, NorthStar rise but MHCV, Broader Markets Take Hit Read More
Noteworthy headlines on CNNMoney – Wells Fargo reputation is tanking, survey finds. Wall Street not a fan of AT&T-Time Warner deal. TD Ameritrade buying rival Scottrade for $4 billion. NYT buying a new revenue stream, The Wirecutter. Some bullets from MarketWatch – Goldman Sachs just cut its S&P 500 earnings …
Carlyle, Drew Lead Positive Day for MHCV, Broader Markets Up Read More
Noteworthy headlines on CNNMoney – Widespread outage hits Twitter, Netflix, others. AT&T in talks to buy Time Warner. WSJ seeks “substantial number” of buyouts. Big comeback for McDonalds continues. Some bullets from MarketWatch – The stock market is caught deep inside “no man’s land.” Microsoft’s stock sets record as analysts …
NorthStar Realty, Skyline Lead, Up on MHCV, Broader Markets Mixed Read More
Noteworthy headlines on CNNMoney – Top Fed Official: Big banks ‘eroded’ America’s trust. U.S. to Swiss banks: Please let Americans open accounts. Verizon: We’re ‘still evaluating’ Yahoo deal. About 70 million watch final presidential debate. Some bullets from MarketWatch – Existing-home sales jump higher in September, helped by first-time buyers. …
UFPI and UMH buck trend – as MHCV, Broader Markets Down – Oil Hit Hard Read More
Noteworthy headlines on CNNMoney – Why Elizabeth Warren is working Wall Street (DBN coverage of Warren at Wells Fargo hearings here). Obamacare enrollment projected to grow 9% in 2017. Saudi Arabia borrows $17.5 billion from global investors. Some bullets from MarketWatch – Yellen may be giving the sign to buy …
UMH, Drew and Carlyle Gain, Broader Markets Up, Oil Surges Read More
