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:
- Why Starbucks needs you to feel at home
- Trump vs. Harley-Davidson: What’s really going on?
- Uber wins right to keep operating in London
- Largest US nail manufacturer ‘on the brink of extinction’ because of the steel tariffs
- How a trade war could turn into a recession
- Trade war would be a ‘disaster for everyone,’ says UK Treasury chief
- To counter Google and Facebook, AT&T buys an ad platform
- Meet Walgreens: The Dow’s newest member
- Uber’s Middle East rival is recruiting women drivers in Saudi Arabia
- Goldman Sachs thinks England will make the World Cup final
- Chinese stocks are in a bear market
- Why markets hate the idea of US investment restrictions on China
- The incredible shrinking GE is getting even smaller
- Housing market remains strong, despite mortgage rate worries
- How some women assess safety at a new workplace
- Wells Fargo accused of misconduct again
- Apple’s new feature proves you’re addicted to your iPhone
- Brexit is killing investment in the UK car industry
- How Europe could fight back if Trump taxes car imports
- Jimmy Fallon responds to Trump: ‘Why are you tweeting at me?’
- Harley-Davidson will move some production out of US after retaliatory tariffs
- McDonald’s and Starbucks hit by plastics ban in India
- Campbell Soup is piping hot after reported interest from Kraft Heinz
- Banks aren’t ready for Brexit, says regulator
- Chinese tech investment is the next target in US crackdown
- China unleashes more than $100 billion into its economy
- Instagram star isn’t what she seems. But brands are buying in
- Facebook has a magazine now?
- Wall Street’s trade war fears are spreading to tech
- She’s working to place more women on tech company boards
- Russell Crowe to star as Fox News’ Roger Ailes in Showtime miniseries
- How Chipotle is making a comeback
- ‘Jurassic World’ sequel crosses $700 million at global box office
- Why GE may need to stop paying its 119-year old dividend
- What higher wages means for Domino’s and McDonald’s
- Amazon Prime benefits roll out to all Whole Foods stores
- Toyota updates the Century, car of choice for Japan’s elites
- Glenn Beck walks off CNN interview over questions about his company
- India’s $12 billion plan at risk after airline flop
- Tariffs on European cars would hurt US auto jobs
- Gatorade is going sugarless for the first time in its 53-year-history
- Can Starbucks be fixed?
- GM is bringing back the Chevy Blazer, an SUV classic
Selected headlines and bullets from Fox Business:
- Oil hits $70 as U.S. toughens on Iran
- S. wants allies to halt all imports of Iranian oil.
- Home sales: Americans made the largest profits in these cities
- Stocks shake off trade fears
- American money flowing back into America
- S. companies return billions to America in repatriation record.
- Australia’s richest person to invest $2B in US, create 5,000 high-paying jobs
- Should Burger King conduct sensitivity training, ala Starbucks?
- Supreme Court travel ban decision gives Trump ‘unfettered’ authority: Judge Nap
- Elon Musk has ‘secret’ school at SpaceX
- Meet Pepper: HSBC’s newest hire
- Trump threatens to tax Harley ‘like never before’ over production shifts
- A simpler GE. What it means for investors
- California Republicans want to kill state gas tax hike
- Elvis Presley’s vintage private jet up for sale
- Harley-Davidson to take big hit from EU tariffs
- Job market tightness worries otherwise optimistic CFOs
- This is what keeps CFOs up at night
- Red Hen treatment of Sarah Sanders has Mike Huckabee worried
- Australia’s richest person to invest $2B in US, create 5,000 high-paying jobs
- Tight job market worries otherwise optimistic CFOs
- This is what keeps CFOs up at night
- Trump threatens to tax Harley ‘like never before’ over production shifts
- Shares of the motorcycle maker whipsawed following Trump’s comments.
- Scaramucci’s SkyBridge Capital sues hedge fund firm over millions in losses
- A simpler GE. What it means for investors
Today’s markets and stocks, at the closing bell…
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 –
Warren Buffett’s Berkshire Hathaway Inc has hired Lee Enterprises Inc to manage its newspaper and digital operations in 30 markets, hoping to boost readership and draw more advertisers as print circulation declines.
“Warren Buffett’s Berkshire Hathaway Inc has hired Lee Enterprises Inc to manage its newspaper and digital operations in 30 markets, hoping to boost readership and draw more advertisers as print circulation declines,” said Reuters.
“Berkshire said on Tuesday it will continue to own BH Media Group, which owns 30 daily newspapers, including its hometown Omaha World-Herald in Nebraska, and 47 weekly newspapers,” said Reuters.
Among his papers is the Waco, TX Tribune-Herald, where Clayton Homes has some production centers. He also owns the Tulsa World, where Berkshire owns several manufactured home retail outlets under various brand names. Other such examples could be provided.
The five-year agreement says Lee will be paid $5 million annually, plus a share of profits. It takes effect on July 2.
“I love our newspapers and am passionate about the vital role they serve in our communities,” Buffett said in a statement.
CBS News reported in 2012 that “Billionaire Warren Buffett’s company now owns about 3.2 percent of Lee Enterprises’ stock as Berkshire Hathaway newspaper holdings continue to grow.”
MHProNews has previously spotlighted the extensive holdings that Berkshire has in mainstream media outlets. It begs the question, why hasn’t Buffett used those papers to educate the public on manufactured housing? Or is the Berkshire moat strategy still one of keeping the industry’s growth limited, so it can be more controlled and consolidated?
http://mhmarketingsalesmanagement.com/blogs/tonykovach/best-warren-buffett-kevin-clayton-clayton-homes-berkshire-hathaway-annual-meeting-competition-and-the-moat-video-collection/
The Berkshire CEO added: “Lee also has led the industry in overall innovation and performance, all while faithfully fulfilling its public trust as an indispensable source for local news, information and advertising. Our missions and goals match exactly,” per Yahoo.
Circulation in print has been declining for several Berkshire media outlets.
“Although the challenges in publishing are clear, I believe we can benefit by joining efforts.” Lee shares rose about 33 percent to $3.20 in pre-market trading. Davenport, Iowa-based Lee said it publishes 46 daily newspapers and nearly 300 specialty publications in 21 U.S. states.
It will be interesting to note what happens in the coming years between Lee, Berkshire and media.
Related Reports:
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.
Your link to industry praise for our coverage, is found 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.”
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
