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Whistleblowing Pushback Pays! Embarrassed Skyline Champion Caves to Demands, plus Manufactured Housing Investing, Stock Updates

DowJones9.09.2020ManufacturedHomeStockUpdatesBroaderMarketSnapshotLast 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.

Advertise with MHProNews to be seen

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.

Skyline Champion Retailers Call Foul on Factory’s Price Hikes to Independent Dealers, SKY CEO Mark Yost Spotlight

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.

 

Quotes That Shed Light – American Social, Industry, National Issues…

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Understanding media bias is useful to sifting through possibly hidden agendas.

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Mark WeissJD-President and CEO of the Manufactured Housing Association for Regulatory Refor 3

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See more that’s related at this link here. https://www.manufacturedhomelivingnews.com/hbos-john-oliver-on-last-week-tonight-mobile-homes-video-manufactured-home-communities-fact-check/

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Headlines from left-of-center CNN Business

  • Cost of climate change
  • A community of forest homes lies in ruins along Auberry Road in the Meadow Lakes area after the Creek Fire swept through on September 8, 2020 near Shaver Lake, California. California Gov. Gavin Newsom has declared a state of emergency in five California counties after record heatwave temperatures fueled numerous wildfires over the Labor Day weekend. The state of emergency applies to Fresno, Madera and Mariposa, San Bernardino and San Diego counties.
  • A new US report warns that global warming could create economic chaos
  • 4 insane things just happened to Tesla
  • LIVE UPDATES Dow surges as Wall Street recovers from a disastrous day
  • Trade fight dooms LVMH’s $16 billion Tiffany deal
  • Home Depot cancels Black Friday
  • Robot dogs join US Air Force exercise
  • A new front in coronavirus disinformation: Wall Street research
  • The pandemic-driven athleisure boom is good news for these companies
  • Delayed mortgage payments coming due? These are your options
  • Oil prices are collapsing after Saudi Arabia sends ominous signal
  • US companies are sticking with China despite pressure from Trump
  • New York City restaurants can restart indoor dining
  • The Xbox Series X will cost $499
  • What a time capsule of 6-month-old headlines tells us about coronavirus
  • An employees places a label on a box at the Amazon.com Inc. fulfillment center in Baltimore, Maryland, U.S., on Tuesday, April 30, 2019. Amazon.com will spend $800 million in the current quarter to reduce delivery times for top customers to one day from two, trying to revive its main e-commerce franchise and ward off greater competition.
  • Amazon is hiring 33,000 new employees with average pay of $150,000
  • Maserati unveils its first supercar in 15 years
  • What Android gets right that the iPhone gets so wrong
  • MARKETS
  • A NEW WAY TO INVEST
  • This market mayhem will test Robinhood’s newbie investors
  • Robinhood is now worth more than $11 billion
  • Plans to launch Robinhood outside the US on hold
  • Lawmakers press Robinhood to improve safeguards
  • Trading app tries to fix a ‘rigged’ financial system
  • PARENTING DURING A PANDEMIC
  • Remote learning is costing some parents thousands of dollars
  • Working moms are quitting to take care of the kids
  • Lack of childcare could hurt the economic recovery
  • Working parents face backlash
  • The office, as you know it, is dead

Headlines from right-of-center Fox Business

  • MARKETS
  • Tesla CEO Elon Musk quashes claim he is ‘modern-day robber baron’
  • ECONOMY
  • Cuomo to allow NYC indoor dining at 25% capacity Sept. 30
  • TECHNOLOGY
  • Amazon adding 33K corporate jobs with average $150K compensation
  • ECONOMY
  • Mitch McConnell’s GOP coronavirus relief package details released
  • MARKETS
  • Stocks battling back after Nasdaq enters historic correction
  • LIVE NOW
  • VIDEO
  • Vice President Pence delivers remarks at Workers for Trump event in PA
  • DON’T SWEAT IT
  • MARKETS
  • COVID-19 vaccine pause ‘not necessarily’ bad: UK health minister
  • FREE SPEECH
  • POLITICS
  • GOP lawmakers fighting social media ‘bias’ move to strip liability shield
  • CLEAR FOR TAKEOFF
  • ECONOMY
  • United, pilots union reach tentative agreement to avoid 3,000 furloughs
  • Halloween will continue with a different look this year, says Party City CEO
  • TRICK OR TREAT
  • MARKETS
  • Halloween will continue with a different look this year, says Party City CEO
  • BAD SIGN?
  • MARKETS
  • Retail-investing frenzy signals warning for stock market: Gundlach
  • JOBS GALORE
  • ECONOMY
  • UPS to hire more than 100,000 seasonal workers for holiday season
  • DREAMS COME TRUE?
  • LIFESTYLE
  • Newsom on reopening California theme parks: ‘Making progress’
  • TWO-FACED
  • TECHNOLOGY
  • Departing Facebook engineer accuses tech giant of ‘profiting off hate’
  • SPORTS
  • Postmates named NFL’s first-ever official food delivery partner
  • POLITICS
  • Military members unable to opt-out of Trump’s payroll tax deferral
  • LIFESTYLE
  • Walmart testing drone delivery of grocery, household essentials
  • REAL ESTATE
  • Shaq lists Florida home for sale at $19.5M in gated golf club
  • MARKETS
  • Warren Buffett’s Berkshire Hathaway, Salesforce back Snowflake IPO
  • ENERGY
  • California utility using ‘smarter, shorter’ tactic for blackouts to prevent wildfires
  • LIFESTYLE
  • Whitney Cummings launches new podcast about Italian ex prime minister Silvio Berlusconi
  • POLITICS
  • Biden offers ‘Made in America’ tax credit to bring back jobs, penalty for offshoring
  • MARKETS
  • Virgin Australia to cull a third of its Boeing 737 fleet under Bain ownership
  • ECONOMY
  • Biden suddenly flip-flops on fracking, but his administration would cripple American energy: Rep. Roy
  • SPORTS
  • These are the NFL Coach of the Year favorites, oddsmakers say
  • POLITICS
  • USDA reopens comment period on hemp regulations as lawmakers, growers worry rules could stunt budding industry
  • MARKETS
  • AstraZeneca’s COVID-19 vaccine trial is put on hold, stock tanks
  • LIFESTYLE
  • Costco brings back chicken bakes to its food courts
  • SPORTS
  • Cowboys star Ezekiel Elliott explains why allowing fans at games is an ‘advantage’ this season
  • TECHNOLOGY
  • Nintendo to boost Switch production ahead of holiday season, report says
  • LIFESTYLE
  • Jillian Michaels talks about her app, home fitness and personal battle with COVID
  • MARKETS
  • LVMH says it’s ending acquisition of Tiffany & Co.
  • MARKETS
  • US-China trade tensions will linger for years, American firms fear
  • MARKETS
  • Pandemic e-commerce surge spurs race for ‘Tesla-like’ electric delivery vans

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

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Featured Focus –
Where Business, Politics and Investing Can Meet

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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?

 

Skyline Champion President, CEO Mark Yost and Manufactured Housing Institute CEO Lesli Gooch, Ph.D, in White House Photo Op Featuring President Trump and VP Pence

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.

 

MHInsiderLogoAdvocacyAwardWinnerSkylineChampionLogoCEOMarkYostPhotoMHProNewsLogo

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?

Manufactured Housing Professionals, Independent No More

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.

Paltering, Manufactured Homes, CrossModTM Homes, Manufactured Housing Institute, Clayton Homes, Berkshire Hathaway Manufactured Home Lenders, DTS, and You

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.

SkylineChampionNYSEskyStockRecentPerformanceTrendsYahoo9.9.2020
To see this full size, click here

Related, Recent, and Read Hot Reports

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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).

ManufacturedHomeCommunitiesMobileHomeParksFactoriesProductionRetailFinanceStockInvesting9.9.2020MHProNews

Summer 2020
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.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our tenth anniversary and is in year 11 of publishing.

TimWilliams21stMortgageCorpPriorMHIChairmanPraisingMHLivingNewsMHProNewsTonyKovach

 

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

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https://www.manufacturedhomepronews.com/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.
· To sign up in seconds for our industry leading emailed headline news updates, click here.

Disclosure. MHProNews holds no positions in the stocks in this report.

2019 Year-End Totals Reveals Decline in New HUD Code Manufactured Home Production, Shipments vs. 2018

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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.)

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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.

LATonyKovach.

 

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