Hey. Common sense should tell investors and industry pros that if more products currently sourced in China are no longer purchased there, that at least some of those may ‘come home’ to being produced and/or provided by American companies.  Some firms in MHVille go ‘China direct’ for products, some turn to third-party providers. But either way, it is worth pondering the past performance, and future potential, of firms that are publicly traded and involved in supplying components to the manufactured housing industry.  So, tonight’s market spotlight will be on LCII.

 

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.

 

·        Apple apologizes – The company says it’s sorry for letting workers listen in on Siri audio, and promises change

·        Volatility is rattling investors — but that doesn’t necessarily mean a recession is on the way

·        Opinion: Trump is smashing the rules of global trade while Congress stays silent

·        This calculation has an accurate history of predicting recessions

·        Opinion: America’s ballooning deficits are more than our economy can handle

·        Citigroup raises minimum wage to $15 after pressure from House Democrats

·        The only Hong Kong multi-millionaire standing up to China

·        Facebook rolls out stricter political ad rules ahead of 2020

·        O’Rourke campaign says it won’t ban Breitbart from future events

·        MSNBC host Lawrence O’Donnell says he was ‘wrong’ to report thinly-sourced Trump finances story

·        Lord & Taylor sold for $75 million

·        SpaceX’s Starhopper prototype soars in 150-meter ‘hop test’

·        KFC will start testing Beyond Meat fried chicken

·        Impossible Burgers are coming to 1,500 cafeterias this fall

·        Subway is testing out a meatless meatball sub

·        Every Burger King in America now has meatless burgers

·        Beyond Meat is working on fake bacon and steak

·        Apple apologizes for listening to Siri recordings, promises changes

·        Yes, tech companies may listen when you talk to your virtual assistant. Here’s why that’s not likely to stop

·        How to stop Alexa from listening to your recordings

·        Alexa will soon be able to book your date night

·        Google Assistant wants to know even more about you

 

Headlines from right-of-center Fox Business. 

·        FBI RAIDS UNITED AUTO WORKERS PRESIDENT’S HOME

·        Goldman Sachs shares stock market strategy amid escalating trade war

·        US-China trade war: Beijing will face additional tariffs Trump threatened to enact

·        As construction worker shortage worsens, industry asks government for help

·        US farmers burned by China trade war urge Trump to make deal

·        Dave Chappelle’s Netflix special sparks ‘cancel culture’ controversy

·        Fed must cut rates soon whether it helps Trump or not: Varney

·        Fleeing to Florida? Top 3 destinations for out-of-state movers

·        Kristie Ahn puts corporate job on hold after advancing in US Open

·        ‘Shark Tank’ star Kevin O’Leary involved in deadly boating accident

·        New GDP numbers may show slower growth as trade war tensions mount

·        Why TSA is banning Disney’s Star Wars-themed Coca-Cola bottles

·        Russia seeks Scottish castle in $700M lawsuit against billionaire banker

·        ‘Retail Armageddon’ will hit in the next few days, warns industry CEO

·        SpaceX successfully tests Starhopper after aborted attempt

·        Southern California homes selling near record-high prices, who is still buying?

·        Queen Elizabeth approves Boris Johnson’s ploy to quell Brexit fight in Parliament

·        Millennial relationship to food unique from previous generations

·        Spirit Airlines is about to make flying easier, but it will cost you

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

·        How dedicated are pumpkin spice fans?

·        FBN’s Cheryl Casone on Starbucks introducing pumpkin cream cold brew coffee and a new poll revealing how dedicated pumpkin spice fans are.

·        Taylor Swift dethrones Beyoncé as highest-paid woman in music

·        FBN’s Stuart Varney on the highest-paid women in music.

·        More big-money opioid verdicts on the horizon?

 

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

Tonight’s Business/Market/Political Impact Spotlight –

 

Tonight’s Business/Market/Political Impact Spotlight –

The analysis below is by Simply Wall Street, which like any such platform has its fans and followers, and those that look elsewhere for insights. Yahoo and Argus say that the consensus rating on LCII is a ‘hold.’

Here is the 5-year and 1-year snapshot for the firm’s stock.

There are several reasons to spotlight LCII, one being the trade tensions with China. If you are among the growing number of investors who think that won’t be solved any time soon, then LCII could potentially benefit from President Trump’s proposed ‘emergency’ to order U.S. companies to find suppliers elsewhere, or bring their business back home to the United States.

Let’s dive into some pull quotes from Simply Wall Street, with the subheading – where we corrected a typo (we get typos too) – is otherwise as they reported it.

 

Did LCI Industries’ (NYSE:LCII) Share Price Deserve to Gain 92%?

Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying the right stocks can give your wealth a significant boost. To wit, the LCI Industries share price has climbed 92% in five years, easily topping the market return of 38% (ignoring dividends).

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it’s a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company’s share price and its earnings per share (EPS).

Over half a decade, LCI Industries managed to grow its earnings per share at 16% a year. So the EPS growth rate is rather close to the annualized share price gain of 14% per year. That suggests that the market sentiment around the company hasn’t changed much over that time. Indeed, it would appear the share price is reacting to the EPS.

We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. Before buying or selling a stock, we always recommend a close examination of historic growth trends… available here..

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for LCI Industries the TSR over the last 5 years was 115%, which is better than the share price return mentioned above. And there’s no prize for guessing that the dividend payments largely explain the divergence!

A Different Perspective

Investors in LCI Industries had a tough year, with a total loss of 6.1% (including dividends), against a market gain of about 2.4%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 17% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It is all well and good that insiders have been buying shares, but we suggest you check here to see what price insiders were buying at.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. ##

For those investors who have not already dived deeply in to the first related reports below that are posted prior to the China report, it is highly recommended. Regrettably, the ‘weaponization’ and problematic behavior of significant parts of manufactured housing makes some investment decisions more problematic than it should be, as the Cavco fiasco/roller coaster arguably suggests.  Restated, the industry ought to be soaring, but instead is snoring.  While that is opportunity in disguise for those willing to dig deeper, it is also a hazard for those who make a superficial decision.  One final note.  Often, MHProNews reports are heavily laced with links.  That’s there to be document, but also for those who want to dig deeper.  Investing in MHVille? We love the business, believe in it’s future potential, but urge the wise to dig deeper.

Related Reports.

Publicly Traded Manufactured Housing Firms – Which Source Do You Trust More? Why? MHI, MHARR, Others

Countdown to Record-Setting ?! Wholesale Manufactured Home Show Event

Zillow Research Reveals Propaganda? Warren Buffett, Manufactured Housing Institute, Life, Death, and Dancing with the Devil?

Big Picture – China-U.S. Trade War, White House Statement, Manufactured Home Pro Alert

 

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.

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