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The Company is the producer of manufactured homes in Arizona, and a producer of park model homes and vacation cabins in the United States.
Here is a housing company that managed to keep an excellent balance sheet through the worst economic downturn its industry has seen in almost 100 years. The "stick building" model of home construction in the USA seems headed for the dustheap.Manufactured homes are more energy efficient, less expensive, and quicker to build.With the purchase of Fleetwoods (out of bankruptcy) manufacturing capabilities they have moved into the "nice" home market (if the Fleetwood homes really are as nice as they looked) for only 29mil.The reason you keep a good a balance sheet is to be able to make strategic purchases when opportunity presents itself.I think they make this work.
They make awesome single-wides and park models too.
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