Research this afternoon from Nasdaq reveals the history of insider trading by officers and officials at Cavco Industries (CVCO). There’s other data about them tonight too, some good, some more worrisome, and you can see the good, bad, or mixed. Laced with related information, these are the kind of insights you won’t find from any other manufactured housing related trade media – or sycophant bloggers – period. On a day when the markets and industry tracked equities largely rose, Cavco’s insider trading track record will be our focus tonight.

 

Every evening our headlined provide snapshots from two major media outlets on each side of the left-right news spectrum that reflect topics that influence or move investor sentiment. In moments on this business evening report, you can get insights-at-a-glance.

This report also sets the broader context for manufactured housing markets, in keeping with our mantra, “News through the lens of manufactured homes and factory-built housing” ©.

We begin with left-of-center CNN followed by right-of-center Fox Business. We share closing tickers and other related data courtesy of Yahoo Finance, and more. 5 to 10 minutes reading this MHProNews market report every business night could save you 30 minutes to an hour of similar reading or fact-gathering elsewhere.

 

 

Headlines from left-of-center CNN Business.

·        Fast fashion is in trouble

·        Teen clothing retailer Forever 21 is reportedly preparing to file for bankruptcy

·        Stocks rally on trade hopes

·        Why this strategist thinks the US will avoid a recession

·        Pending home sales are down sharply on economic uncertainty

·        This piece of the real estate market is flashing a warning sign

·        Don’t get too worked up about recession fears

·        It’s appalling to think that the Fed would try to influence an election, says Larry Summers

·        Google removes app after it was found spreading malware

·        What executives can learn from a horse

·        When child care costs more than a mortgage

·        Citigroup raises minimum wage to $15

·        Alex Trebek is done with chemo and back at work on ‘Jeopardy!’

·        Apple expected to unveil new iPhones

·        There are more single working women than ever. That’s changing the US economy

·        Why humans listen to Siri and Alexa recordings

·        Apple stops letting contractors listen to Siri recordings

·        Google Assistant wants to know even more about you

·        How to stop your Alexa voice recordings from being reviewed by a human

·        World’s largest hotel chain eliminates travel-sized toiletries

·        Holiday Inn owner ditches tiny soaps and shampoos

·        Coke and Pepsi abandon the plastics lobby

·        Whole Foods will ban plastic straws

·        Flipkart will stop using single-use plastic packaging by 2021

 

Headlines from right-of-center Fox Business. 

·        US SPACE COMMAND LAUNCHES AMID TRUMP PUSH FOR MILITARY’S ‘SPACE FORCE’

·        Auto workers: ‘These are the people we counted on’

·        FBI raids United Auto Workers president Gary Jones’ home

·        HUAWEI BEING INVESTIGATED FOR MORE INTELLECTUAL PROPERTY THEFT: REPORT

·        U.S. prosecutors are looking into additional allegations against the Chinese company.

·        Judge dismisses case against Jeffrey Epstein

·        Ed Sheeran taking break from touring amid legal issues

·        Rampant sex trafficking ignored at Atlanta-area hotels: lawsuits

·        China turns to dark arts to fight Trump tariffs

·        Most expensive US home hits market. Got $195 million?

·        NFL embraces streamlined commercial breaks to further ratings momentum

·        UAW members losing faith as bribery probe widens

·        How to financially prepare for the worst ahead of Hurricane Dorian

·        China tariffs not material to consumer: ex-Toys ‘R’ Us CEO

·        ‘It Chapter 2’ scares-up unprecedented number of sponsors for horror movie

·        Surgeon General deems cannabis completely unsafe for pregnant women, teens

·        What happens to Gillibrand’s campaign cash?

·        Apple to introduce 3 new iPhones in September

·        US growth revised lower to 2% in second quarter

·        Can Peloton be more than just a fitness fad?

·        Peter Navarro: Trump economy will stay strong – New trade pact and interest rate cut would make it stronger

10 Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…

 

 

Tonight’s Business/Market/Political Impact Spotlight –

The good news for those who have held onto their shares of Cavco Industries is that in recent months, the stock has been overall in an upward, recovering trend.

The flip side is that for both year-over-year and since the earthquake that followed their November 8, 2019 statement to the media, the stock is still down.

Both of those trends are shown in the closing ticker trend line for Cavco, above.

The news of their acquisition of Destiny has been a signal to some that the company is ‘back’ on track to their M&A and growth plan.

Cavco Industries-Destiny Homes Deal, Background, Details, Analysis Others Lack

That said, the arguably odd behavior of Cavco’s Manuel ‘Manny’ Santana with respect to DRC 1 in the Manufactured Housing Consensus Committee conference call reported exclusively here on August 7, 2019 should speak volumes to those who grasp the significance of that move.

The pace of shareholder plaintiffs’ attorneys seems to have slowed, a snapshot of that is linked below.

EQUITY ALERT: Levi & Korsinsky – Investigation Possible Fraud by Certain Officers and Directors of Cavco Industries, plus MH Stock Updates

Insider insights on the legal maneuvers at Cavco are found in the report below.

News Tip – Cavco Industries Legal Woes with SEC, Insider Insights

Below are two examples of investors who cut or sold off their shares in Cavco.  The first is long-time Cavco investor that cut their position by some 50 percent.

New Investigation, Insider Trades, Hedge Fund Dumps Cavco Industries (CVCO)

Perhaps the more interesting, from the point of view of SEC or shareholders attorneys, is the one below.  Note the date that fund moved occurred?

Hedge Fund’s Cavco Move, and More from Inside MHVille

With that backdrop, ponder the history of the insider trades at Cavco, per Nasdaq’s data on this date.

Last, but not least for today, is the related report, linked below.

Let’s close by saying that as a pro-industry trade media, we nevertheless caution investors to be wary of stock or ‘passive’ investments in several manufactured housing operations.  Do your homework.

Related Reports

National Association of Realtors Research Exposes Manufactured Housing Institute Errors

 

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.
• NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 

Updated for Summer 2019…

Berkshire Hathaway is the parent company to Clayton Homes, 21^st 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.

Your link to an example of industry praise for our coverage, is found here and here. For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for Your Vote of Confidence.”

· For expert manufactured housing business development or other professional services, click here.

· To sign up in seconds for our industry leading emailed headline news updates, click here.

Disclosure. MHProNews holds no positions in the stocks in this report.

“We Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach, co-managing member of LifeStyle Factory Homes, LLC and co-founder for MHProNews.com, and MHLivingNews.com.

Connect with us on LinkedIn here and here.