According to phx.corporate, Southfield, Mich.-based Sun Communities, Inc. will release its quarter four 2012 earnings report prior to the opening of the market on Thursday, Feb. 21, 2013. A conference call to discuss operating results will be held that same day at 11:00 AM (EST). A replay will be available […]
Sun Announces Q4 2012 Results Read More
IndyStar reports two-thirds of nearly 50 Indiana public companies traded on large exchanges finished last year with higher stock prices than at the beginning of the year. Included is Elkhart-based Patrick Industries (PATK) whose stock price more than tripled, going from $4.30 to $15.56 a share. Julie Ann Kotowski, director
Patrick’s Stock Nearly Triples in 2012 Read More
MarketWatch reports Equity LifeStyle Properties, Inc. (ELS) acquired two land lease communities in Texas comprised of 1,765 sites on 175 acres for $25 million cash. Located in the Rio Grande Valley, age-restricted Victoria Palms Resort, with 270 manufactured homesites and 893 RV sites, and Alamo Palms, also age-restricted with 293
ELS Enhances Texas Presence Read More
Updating a story we ran Dec. 12, 2012 concerning Sun Communities, Inc.’s acquisition of 11 Morgan RV Resorts for $135 million, one of the properties is Peters Pond RV Resort in Sandwich, Mass. which has had some recent troubled times. Cape Cod Times tells MHProNews Morgan’s principal, Robert Moser, and
Mass.’ Peters Pond on Sun’s Buy List Read More
Casa Grande Dispatch says Sun Communities, Inc. is acquiring Palm Creek Golf & RV Resort in Casa Grande, Arizona from the Wolfswinkel family, who started the community more than 13 years ago. In a letter to residents, Ashton Wolfwsinkel says, “We believe that this is in not only the best
The Associated Press says outgoing Ind. Gov. Mitch Daniels is taking the recreational vehicle featured in his two gubernatorial campaigns on its final trip today. “RV One” will be driven from the statehouse in Indianapolis to Elkhart, Ind. where Gov. Daniels will donate it to the RV/MH Hall of Fame
Governor’s RV Donated to Museum Read More
There is considerable angst over 2013, and optics make people feel worse or better! Since the Recreational Vehicle Dealers Association (RVDA) did a survey showing confidence in their industry, it may give some in MH the feeling we should be more confident too. The survey, conducted shortly after the presidential
Upbeat in Sister MH Industry Read More
RVPro reports Cavco Industries, Inc. will be featured on the Science Channel’s “How it’s Made” Dec. 13 at 9 PM EST. Focusing on factory-made housing, the model displayed will have solar panels on the roof, prototype backup propane generator, recycled lumber composite decking, on-demand water heating, as well as an
Factory-built Housing on Science Channel Read More
GuruFocus reports Drew Industries, Inc. (DW) President and CEO Fredric Zinn sold 15,3000 shares of Drew at an average price of $32.45 on Dec. 3, 2012. He still owns 82,078 shares following the sale. The value of the stock fell by 1.36 percent since. Jason Lippert, CEO of Drew subsidiary
Drew Principals Unload Stock Read More
MHProNews has been informed the RV/MH Hall of Fame in Elkhart, Ind. will officially open its rental venue, the Northern Indiana Event Center (NIEC), on Thurs., Dec. 18. Local dignitaries, including Greater Elkhart Chamber of Commerce President Phil Penn, will assist in the ribbon-cutting. A light reception will follow the
Ribbon Cutting at the Hall Read More
Following up on a story we posted Nov. 22, 2012 about Sun Communities, Inc.’s acquisition of four MHCs from Rudgate in southeastern Michigan for $71.1 million, and its assumption of managerial responsibility for two additional communities, MHProNews has learned Rudgate shows ownership of six MHCs on its website. It could
Sun Buying out Rudgate? Read More
GuruFocus reports Sam Zell of Equity Group Investments, presenting at Chicago’s Invest for Kids conference, says the Eurozone is heading for a recession because the currency is imploding. One of the world’s most successful real estate investors, he says the will to embrace austerity measures in the U.S. in order
Zell Spells Out Dire Financial Forecast Read More
According to SeekingAlpha, the Dow Jones Equity REIT (real estate investment trust) Index rose quicker than popular stock averages until the beginning of 2007, then fell from a high above 360 to a low under 100, and for the last two years has been over 200. REITs are considered yield
Benzinga reports MH and RV component maker Drew Industries, Inc. (DW) is ranked number four on the NYSE in earnings per share (EPS) among all the recreational vehicle manufacturers. The company’s trailing-twelve month EPS is $1.61; the revenue for the same time period is $860.48 million. As MHProNews knows, Kinro,
RVBusinss says Lippert Components, Inc., a subsidiary of Drew Industries, Inc., has announced plans to re-brand its seating and furniture operations into Lippert Interior Solutions, and consolidate its seating manufacturing operations into one 160,000 manufacturing plant instead of the current two 70,000 square foot facilities. Says LCI Director of Product
Lippert Rebrands Division and Consolidates Manufacturing Read More
Jay Hesse of Blue Ox has donated $5,000 to the RV/MH Hall of Fame Museum in Elkhart, Ind., and has set up a “peer challenge” program to encourage other RV/MH industry donations to pay off the bank note by April 30, 2013. Anyone donating $1,000 or more would challenge three
Peer Challenge will Benefit RV/MH Museum Read More
RVBusiness reports with 21 manufactured home communities and 35 recreational vehicle resorts along Hurricane Sandy’s path, Equity LifeStyle Properties Inc. (ELS) experienced minimal damage, and no one among staff or residents was known to have been injured. Preliminary reports indicate property damage amounting to under $500,000 was sustained, mostly for
ELS Sustains Minor Sandy Damage Read More
FinanzNachrichten reports Drew Industries, Inc. (NYSE:DW) has rescheduled its third quarter, 2012 earnings report due to the severity of Hurricane Sandy’s effect on the eastern seaboard. The component maker for the MH and RV industries through its wholly-owned subsidiaries Lippert Components, Inc., and Kinro, Inc., will deliver Q3 financials before
Drew Resets Earnings Report Read More
From Elkhart, Ind. SacBee reports MH and RV component maker Patrick Industries, Inc. has acquired the business and certain assets of cabinet door maker Middlebury Hardwood Products, also of Ind., for $20.3 million. As one of seven acquisitions since June, 2011 and the fourth this year, Middlebury is expecting net
MH and RV component supplier Patrick Industries, Inc. (PATK) says third quarter 2012 net sales were up 45.9 percent to $112.9 million from $77.4 million in Q3 2011, a 13 percent increase of which was in the manufactured housing division. As sacbee tells MHProNews, net income from the third quarter
Patrick Industries Shows Gains Read More
