Unpacking Yahoo/Insider Monkey’s Review of Legacy Housing (LEGH), plus Manufactured Home Investing, Stock Updates

DowJones12232019ManufacturedHomeStockUpdatesMHProNews has held the position for years that manufactured housing is underperforming, which means that opportunities for those who grasp that causes and address the cures for that performance deficit. For example, when manufactured home community sector ‘stars’ like ‘Frank and Dave’ say never invest in a new community, think about doing just the opposite.

Warren Buffett and President Donald J. Trump have long been on the opposite ends of certain debates that predate the latter’s political career. But what both in their own way agree on is this. It pays to know as much as you can about a business interest you may have. Perhaps that’s why interest in this platform has increased steadily, documented to far outperforming our rivals.

Sam Zell’s famous mantra applies, “When others are going left, look right.”

Let’s look this evening at an analysis by Insider Monkey about tiny house and manufactured home producer Legacy Housing (LEGH).



Periodic readers of this business-nightly feature should note there are a few tweaks to some of the standard portions of our evening market/investing report. Read carefully as some changes of the ‘standard text’ that follows before our left-right headlines and also in other features near the end of tonight’s reports.

Every evening our headlines that follow 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 headlines 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.

Perhaps more important, you will get insights about the industry from experts that care, but also dare to challenge the routine narrative that arguably keeps manufactured housing underperforming during an affordable housing crisis.


There are lots of place to get news, but no one else in manufactured housing provides “News through the lens of Manufactured Homes and Factory-Built Housing” © like MHProNews. The manufactured home industry is underperforming. Why? We explore that topic routinely, and graphics like the one below spotlight the next two links spotlight the realities of that vexing fact.
To see this full size, click to open.

Media Consolidation at a Glance, 4 Infographics

Newsy, Peeling Back Media Bias, Manufactured Housing Sales, Investing, Politics, and You


Headlines from left-of-center CNN Business.

  • BMW under investigation
  • The SEC is looking into how the German automaker reported its sales figures in the US
  • Why Apple killed the floppy disk and headphone jack before you were ready to give them up
  • Tesla stock hits a record
  • Boeing CEO Dennis Muilenburg ousted after a disastrous year
  • China cuts some tariffs to boost trade and take heat out of pork prices
  • ANALYSIS Macao might be China’s ‘good kid.’ But Hong Kong still has the financial clout
  • Tesco’s Chinese Christmas card maker denies using forced prison labor
  • Credit Suisse blames former executive for second spying scandal
  • Investors may be overly complacent about 2020
  • Opinion: Women are finally getting the chance to shine in Hollywood. But it’s still a battle
  • Electric pickup truck company Rivian raises $1.3 billion
  • Disney is going to have a hard time living up to its record-breaking 2019
  • These shopping carts could erase lines at the grocery store
  • Eddie Murphy’s return was SNL’s most-watched show in years
  • Vijay Shekhar Sharma, who built India's biggest digital payments company Paytm, poses for a photograph at the company headquarters in NOIDA, India, Friday, Aug. 9, 2019. (Saurabh Das for CNN)
  • He revolutionized how millions of people spend money in India. His next target: America
  • This app completely disrupted the trading industry
  • Meet the biggest bank you’ve never heard of
  • Why Millennials love going to the bank
  • These apps are trying to teach kids about money
  • We asked a hacker to try and steal a CNN tech reporter’s data. Here’s what happened
  • 8 tech gadgets that work offline
  • Hackers could be using your Android camera to spy on you
  • Researchers used a laser to hack Alexa
  • Hacker accesses family’s Ring and talks to 8-year-old
  • Spotify bet big on podcasts. Will it pay off?
  • This shopping cart knows what you’re buying
  • Superhero car garages are becoming a reality
  • Two Carnival cruise ships collided on Friday.
  • Watch two Carnival cruise ships collide
  • Hard seltzer is king. Big beer owns it


Headlines from right-of-center Fox Business.

  • SEC opens investigation into BMW
  • German automaker BMW said on Monday it was being investigated by the U.S. Securities and Exchange Commission.
  • SEC probes NYSE listings of Slack, other ‘unicorns’
  • Why the Pentagon is reportedly warning people about take-home DNA kits
  • Stock-ing stuffers: Dow, S&P and Nasdaq close at records to kick off short week
  • Boeing CEO Dennis Muilenburg out amid 737 Max crisis
  • How to create a retirement ‘paycheck’
  • Here’s the right amount of gifts to give your kids for Christmas
  • What Obama is reportedly telling fat-cat donors about Elizabeth Warren
  • Where ‘Cats’ ranks among box office disasters
  • Model being paid to leave apartment after allegedly dodging $160K in rent
  • Carson: Nationwide homelessness decreasing — except in this area
  • SEE PICS: Colin Kaepernick’s signature Nike shoe just dropped
  • What you should know about the newest branch of the US military
  • Navy bans service members from using popular app⁠ ⁠— the chilling reason why
  • Hunter Biden’s baby mama submits financial documents in paternity battle
  • Sears sells DieHard brand to Advance Auto in massive agreement
  • ‘SNL’ alum explains Eddie Murphy’s Bill Cosby slam
  • Netflix sets salaries for CEO Hastings and other senior executives
  • Kindergartener sells cocoa, cookies to pay off over 100 students’ lunch debts
  • Former Trump trade adviser: China is finally starting to ‘play by the rules’
  • Minimum wage to rise in these cities, states in 2020
  • Expert reveals the trick to successful weight loss
  • New York judge hands big victory to Uber, Lyft over ‘cruising cap’
  • Best mail-order beef gift sets with prime reviews
  • Chesapeake Bay oysters get more attention at pivotal time
  • Pitino, Adidas reach settlement; terms not disclosed
  • Shoppers trade gifts for grievances to celebrate ‘Seinfeld’s Festivus
  • Retirement bill could make the IRS your biggest IRA beneficiary, expert warns
  • ‘Vessel’ attraction agrees to key modification under pressure from feds
  • America’s factories and offices show a bad sign
  • Estranged husband of missing mom claims in-laws owe him $1 million amid court battle
  • Democrats call for probe into massive tax credit program for coal
  • Prince Andrew’s nonprofit takes hit over spiraling Epstein scandal
  • Experts: Why NBA ratings are dipping ahead of Christmas Day’s full court press
  • How to turn bad investments into a tax windfall
  • The Toyota Rav4 Hybrid was the best car I drove this year
  • Author Dean Koontz buys $11.6M California home. Take a look inside
  • Boeing CEO Dennis Muilenburg resigns amid 737 Max crisis
  • Big-money blockbuster ‘Star Wars: The Rise of Skywalker’ fails key test at box office
  • Jeffrey Epstein’s brother fears his life ‘may also be in danger’
  • Saudi Arabia sentences 5 to death for US resident Khashoggi’s killing
  • China-based TikTok shopping for headquarters in other countries
  • Uber co-founder Travis Kalanick makes massive stock moves
  • American Airlines becomes second carrier to offer non-binary gender option
  • Tips for saving your Christmas spirits from sobering European tariffs
  • Jeff Bezos, girlfriend Lauren Sanchez spotted in St. Barth for holiday getaway
  • New Mexico’s oil boom makes school enrollments spike
  • BarkBox credits Amazon for $250M boom in subscription business
  • Kevin Costner endorses Pete Buttigieg
  • Visiting Santa at the mall: The most and least expensive states
  • Flash floods delay flights at international Florida airport
  • History of Jeep interactive museum to open in Toledo, Ohio
  • SoftBank’s $3B WeWork financing talks stall with Japan banks


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


Featured Focus – Where Business, Politics and Investing Meet



Unpacking Insider Monkey’s Recent Report on Hedge Funds and Legacy Housing

We’re not going to say that such reports don’t have potential value. They do.

But some reports like this one, the full version of which is linked here, arguably have as their primary objective the desire to get subscribers and customers.

Each bullet is a pull quote from their report, cutting out the extraneous stuff.

Here’s What Hedge Funds Think About Legacy Housing Corporation (LEGH)

  • QuoteMarkManufacturedHomeLivingNewsLegacy Housing Corporation (NASDAQ: LEGH)was in 4 hedge funds’ portfolios at the end of September. LEGH has seen an increase in support from the world’s most elite money managers recently. There were 3 hedge funds in our database with LEGH positions at the end of the previous quarter.
  • At Q3’s end, a total of 4 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 33% from one quarter earlier.
  • When looking at the institutional investors followed by Insider Monkey, Chuck Royce’s Royce & Associates has the number one position in Legacy Housing Corporation (NASDAQ:LEGH), worth close to $4.7 million, amounting to less than 0.1%% of its total 13F portfolio.
  • On Royce & Associates’s [sic] heels is Gratia Capital, led by Steve Pei, holding a $0.4 million position; the fund has 0.7% of its 13F portfolio invested in the stock.
  • Other hedge funds and institutional investors that hold long positions comprise Paul Marshall and Ian Wace’s Marshall Wace, David M. Knott’s Dorset Management and in terms of the portfolio weights assigned to each position Gratia Capital allocated the biggest weight to Legacy Housing Corporation (NASDAQ:LEGH), around 0.68% of its 13F portfolio. Dorset Management is also relatively very bullish on the stock, designating 0.06 percent of its 13F equity portfolio to LEGH.”


Interesting? Perhaps.

On a pure year-over-year stock performance basis, Yahoo’s data below is useful. The stock has risen substantially in value.


As important, Legacy is largely performing on their business model. Those who love or hate Legacy, friends and competitors alike routinely tell MHProNews that no one works harder than their management team. That shows.

The co-founders hold large stakes in LEGH, which other investors often like.

As a comparison, after a roller coaster ride since the SEC issued Cavco Industries and their former Chairman Joe Stegmayer a subpoena announced 13 months ago that sent the stock plunging down, CVCO has seemingly regained their footing. But if other federal investigations that sources say are underway, will CVCO or Skyline-Champion (SKY) potentially face new subpoenas tied to alleged activities with the problem-plagued leadership of the Manufactured Housing Institute (MHI)?

SEC, Cavco Industries, Duty to Serve Lending, Investing and Claimed Manufactured Housing Institute Corrupt Practices – Facts & Analysis

As pro-industry, pro-consumer trade media, it is not easy to reconcile companies that have a choice associating themselves with the years of known and reported scandals tied to larger firms at MHI.

Much of what MHI, Clayton Homes, Cavco, Skyline and other key players are doing what can arguably be summed up in a phrase. Paltering. When someone or some organization speaks with forked tongue, that is reason enough to be ever more cautious. As previously noted, many in those firms and organizations are not black hats. Caveat emptor.


See the related reports further below.

Related Reports:


Pragmatic, Positive Profitable Vision in a Negative World, Plus Manufactured Housing Sunday Headlines Review, 12.8 to 12.15.2019

Affordable Housing Experts Reveal Surprising Research Results, While Public Officials and Media Decry Corruption

Jennifer Reingold Questioned Berkshire-Clayton Deal; MHI GSEs Rocked by Tip-Document Drop, plus Manufactured Home Investing, Stock Updates

What Warren Buffett, Kevin Clayton, Tim Williams, Berkshire Brands and Manufactured Housing Institute Leaders Fear

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, a manufactured home industry lender
          • NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).



Winter 2019
Berkshire Hathaway is the parent company to Clayton Homes, 21st 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. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments.

Just a few of the actual public comments at about the one year mark into our publishing of what is now known as MHProNews.com.

MHProNews. MHProNews – previously a.k.a. MHMSM.com – has now celebrated our tenth anniversary.

Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.

Celebrating 10 Years of Goal- and Solution-Oriented Manufactured Home Industry Innovation Information, and Inspiration for Industry Professionals

· For expert manufactured housing business development or other professional services, click here.
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Disclosure. MHProNews holds no positions in the stocks in this report.
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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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