It’s not an issue today.
It could become one in the near term.
As the Manufactured Housing Institute (MHI) winter meeting approaches, and there is more talk in the industry about anti-trust concerns, the question has been raised. What are the risks and responsibilities of corporations that could get up into anti-trust issues?
That question will be tonight spotlight, featured further below.
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.
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Selected headlines and bullets from CNN Money:
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Selected headlines and bullets from Fox Business:
- Amazon’s quarterly profit tops $1 billion
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- Atlanta Fed upgrades U.S. first-quarter GDP growth view to above 5%
- Initial jobless claim slip, underscoring labor market strength
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- Lockheed starts building spaceship for missions to moon, Mars
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- President Trump to opt out of Super Bowl LII interview
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Today’s markets and stocks, at the closing bell…
S&P 500 2,821.98 -1.83(-0.06%)
Dow 30 26,186.71 +37.32(+0.14%)
Nasdaq 7,385.86 -25.62(-0.35%)
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Silver 17.21 -0.03(-0.18%)
EUR/USD 1.2503 +0.0092(+0.74%)
10-Yr Bond 2.77 +0.05(+1.95%
Manufactured Housing Composite Value
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 –
Anti-Trust, Corporate Duties to Stockholders, and MHI
The spotlight that follows is the start of a topic of industry interest. While the focus may today be around the Manufactured Housing Institute, and Berkshire Hathaway related controversies, that doesn’t mean that it will be limited to them.
This is a trade media feature, not legal advice.
The readers digest version?
Based upon our understanding of the issue from legal beagles, there does seem to be various ways that an anti-trust action that hypothetically involved the Manufactured Housing Institute (MHI), could spill over onto member companies.
MHI Renewing Members – Caveat Emptor
“They act on behalf of the corporation, and they also owe a fiduciary duty to the shareholders of the corporation,” said Small Business in the Houston Chronicle.
The New York Times cited legal cases that pointed to the responsibility of a corporate board to shareholders to minimize corporate risk, while maximizing corporate profits.
Or as Investopedia said, “The board of directors is elected by the shareholders of a corporation to oversee and govern management and to make corporate decisions on their behalf. As a result, the board is directly responsible for protecting and managing shareholders‘ interests in the company.”
That there are signals afoot that a showdown could begin, perhaps starting later in 2018, MHI corporate member readers are referred to the following.
The Manufactured Housing Institute has finally provided a series of written responses to concerns raised by a number of industry members. MHI did so to via an email to their members, as they ask them to renew their annual membership dues. Let’s make this hyper-simple.
There will be a pre-Winter Meeting tips provided to MHI members. Questions to ask during their meeting.
The reader’s digest version?
The same kinds of questions that were proposed for Louisville ought to be asked in New Orleans by MHI members.
Informed sources suggest that Jennison/Drucker Worldwide won’t cancel this time. Only about half of the state executives normally attend these meetings, but several corporate members will be present.
It isn’t just the president that is considering various kinds of anti-trust actions.
Will that MHI anti-trust statement protect them?
“We Provide, You Decide.” ©
See Recent Exclusive 1 Year Snapshot of All Tracked Stocks
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).
LCI Industries, Patrick, UFPI and LP all supply manufactured housing.
AMG, CG and TAVFX have investments in manufactured housing related businesses.
Your link to a recent round of 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.