Last week, MHProNews was contacted by email from various sources in the Skyline Champion (NYSE:SKY) retailer (a.k.a. ‘dealer’) network, as well as by rivals and other industry professionals regarding allegations of price gouging and other irregularities that purportedly violated written agreements.
Following those reports, per insider information, Skyline Champion’s leadership rapidly pivoted. They withdrew much of hikes that sparked the whistleblower complaints to MHProNews.com.
Skyline Champion’s leadership has declined comment on the matter.
But MHProNews has been provided with written evidence that substantiated the claim that the publicly traded SKY pivoted as noted following widely read reports published exclusively by MHProNews. The specific details of their corporate cave are being withheld to protect the source(s) involved.
There are also reports that the incident may have shaken the confidence of some Skyline Champion independent retailers and communities that buy product from the firm.
Additionally, a significant consumer complaint against Skyline Champion has also been received by email regarding the firm’s captive retail division. More on that may be published in the near term as details are developed.
There is more to know. See the featured focus further below.
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Headlines from left-of-center CNN Business
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Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
Additional Information, MHProNews Analysis and Commentary About Mark Yost, Skyline Champion (SKY)
It is the type of story that might make for a good “Saturday Satire” or what used to be called “the funny papers.”
Heavily Manufactured Housing Institute (MHI) connected MHInsider has awarded Skyline Champion President and CEO Mark Yost as their Advocacy Award.
For those who are in the know, pardon the comedy, create the meme, and roll the canned laughter.
While it is true that Mark Yost appeared before Congress to testify for MHI and later went to the White House for an MHI photo opportunity – as were reported by MHProNews – what precisely did those “advocacy” efforts result in?
As the report linked below indicates, manufactured housing is in its second year in a row of declining manufactured home production and sales, per data published by MHARR based upon federally collected data. What an amazing accomplishment! During an affordable housing crisis, the most third-party documented form of permanent affordable housing in America is in industry is decline! Wow, three cheers for MHI and Mark Yost!
If purported “paltering” by a corporate official of a publicly traded firm is worthy of an award, then at least call it “The MHI Paltering Award.”
Or if someone insists on using the word “advocacy” in such a ‘prize’ as a documented lightly viewed and barely trade publication, then call it the “MHI Failed Advocacy Award.”
Indeed, that’s such an interesting notion, let’s do precisely that…
For reportedly attempting to screw over not only your own independent retailers as well as other industry independents by “Posturing for Cameras While Purportedly Ripping of Unwitting Shareholders,” pin an MHI Award Medal on Mark Yost!
If anyone has an old box of Cracker Jacks, their ‘toy surprise in every pack’ might be worth more.
Mark Yost, said MHI-tied MHInsider, was nominated and was given the award for reasons “including a July meeting at the White House that resulted in progress on peeling back excessive regulatory requirements that drive up the cost of housing. He also presented for the industry at the Innovative Housing Showcase in June of 2019, and testified in Congress regarding HUD code updates and associated legislation including the HUD Modernization Act. Prior to being CEO, Yost served as Champion’s CFO for more than six years.”
Uh-huh. Got ocean front property in Arizona for sale? Is it any wonder that manufactured housing is underperforming, even according to Skyline Champion’s corporate IR presentation?
We’ll be sure to provide Skyline Champion with an opportunity for a reaction to their earning such a highly prized MHI-connected recognition.
Perhaps MHProNews will do more. Stay tuned.
Notice: an increasing number of plaintiff’s attorneys and investor-connected firms have informed MHProNews that they are following our x2 weekly emailed headline news, or simply directly visiting our website. Of course. If some professional wants real news, insights, and savvy analysis, why would they tune into a propaganda publisher or an MHI-connected blogger?
Tip: whatever MHI or their surrogates are saying, imagine flipping the script, then follow the money trail, and compare the factual reality vs. their posturing, claims, and photo or video opportunities.
See the related reports above and below to learn more.
Related, Recent, and Read Hot Reports
Are More Blacks Moving to President Trump? “I have done more in three years for the black community than Joe Biden has done in 47 years—and when I’m reelected, the best is yet to come!” Plus Manufactured Home Investing, Stock Updates
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).
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our tenth anniversary and is in year 11 of publishing.
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
· 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.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.