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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (27429)8/6/2007 12:10:38 PM
From: gcrispin  Read Replies (1) of 78898
 
I bought some SUI during the CC today at 26.00. The CEO had some pretty interesting comments in the Q&A. He basically laid out how the sub-prime debacle will help manufactured homes. They have a new "Signature" product that is similar to the 170,000 dollar product Centex etc. have been selling in the sub-prime market. He says that they can offer something similar without a basement or garage for 70,000 dollars. In his words, the manufactured home sector has gotten their butt kicked the last seven years because of sub-prime financing for single family homes.

I have also purchased HRP and BDN on Friday. BDN will have over fifty percent of their leases coming due in the next five years.
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