Nobility Homes: Poised to Regain the Crown?

Florida-based manufactured home producer Nobility Homes (NOBH) may become a good turnaround stock buy as baby boomers age and look for inexpensive housing in Central Fla. Currently saddled with a large inventory of new and pre-owned homes, Nobility has been run by CEO Terry Trexler since 1967, and with his CFO son, Thomas Traxler, controls 67 percent of the stock. They do not pay themselves outlandishly, and while the company’s market cap is $34 million, the current p/e ratio is 17.8. At $30k to $100k, their homes are aimed at the low to middle markets, and sales rose 30 percent from 2011 to 2012. This year, however, sales have been relatively flat. As long as the company can move its backlog of repossessed homes, and the housing market continues to improve in central Fla., says the company has no debt and earnings should significantly increase. As MHProNews reported, in yesterday’s (July 29) trading, Nobility’s stock rose 5.58 percent to 9.00.

(Photo credit: Nobility Homes)

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