It is axiomatic that ‘The Devil is in the Details.’ Before diving into the transcript and sifting those details from the recent Cavco Industries (CVCO) earnings call, it is useful to look at a related legal development. On November 4, 2021, Cavco Industries filed certain documents with the Securities and Exchanges Commission (SEC) that related …
Politicians, public officials, as well as major business leaders have lost credibility. So said establishment-minded and Civic Alliance member Edelman in a survey linked here. Politicians have on numerous occasions exhibited the paltering method. Various facts are stated, that may be largely or wholly accurate. But in the absence of context, selective use of facts …
The full complaint against Thomas “Tom” Hodges, J.D., filed with the Tennessee Bar Association for purported violations of the Rules of Professional Conduct (RPC) are found linked here and the signature page is linked here. Hodges is the general counsel for Clayton Homes. Hodges is also the chairman of the Manufactured Housing Institute. This page …
In the early morning pre-dawn hours, Newsmax TV often has weekday programming that is historic in nature. This is experiential knowledge, not something learned by looking at their programming schedule. Those programs are often quite good, which I might listen to like one listens to radio rather than watch. In that way, I can listen …
According to the MHI/NCC event website on this date: “MHI’s goal is to ensure all individuals on site—attendees, staff and venue personnel—remain healthy, safe and comfortable throughout the event. We are monitoring area COVID-19 status and working in partnership with the team at the Marriott and local authorities.” Really? In fairness, significant detail was provided on …
Most professionals learn within a few weeks of staring in our industry how sadly common the misuse of terminology is in our segment of affordable housing. In late September 2021, MHProNews reached out to the Associate Press (AP) Stylebook editors. Several questions and issues where brought to their attention. If implemented, they could improve the …
David Allen Roberson, the former longtime president and CEO of Addison, Alabama based Cavalier Homes, has died. Several messages about his passing into eternity have been provide to MHProNews. This report will explore aspects of his life that those who knew him should recall. But in reviewing the reflections provided by others in the wake …
Some time ago, the Manufactured Housing Institute (MHI) quietly stopped publishing what for years was their version of this report. It was a data point that they suspended, apparently due to the embarrassing failure of Clayton and Big 3 MHI producers backed CrossModTM homes to increase production. Thankfully, the Manufactured Housing Association for Regulatory Reform …
In certified “truth in testimony” to a U.S. House subcommittee for Financial Services, Manuel “Manny” Santana, P.E., Director of Engineering for Cavco Industries, made pages of sometimes strongly worded statements that blast HUD for having “failed” “manufactured housing.” That claims of failure, per Santana on behalf of the Manufactured Housing Institute and obviously for his …
“Project Saturn.” Code Name “Monarch.” These and other cloak-and-dagger terms where used by Joseph “Joe” Stegmayer, Daniel “Dan” Urness and apparently others at Cavco Industries (CVCO), per the Securities and Exchange Commission (SEC) case pleadings. The evidence of apparent illegal insider trades at Cavco Industries (CVCO) and related corruption, per the SEC complaint pleadings found …
