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Strategies & Market Trends : Dawg's Place

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To: Bob who wrote (109)6/23/1999 5:11:00 PM
From: HarryF  Read Replies (1) of 2751
 
CAV DD - CAV is in the manufactured home business - the stock trades on low volume (avg 43k shares 71.5k today)) and took a pretty good jump today (who's your broker? maybe he talked to a lot of people today?)

Clayton Homes (CMH) is in the same business and was on CNBC today (I didn't really listen to them) CMH trades above book value, but is also more profitable: biz.yahoo.com

I'm not sure what other companies do the same thing (some major home builders also do mfd homes but only as part of their business. Also - don't forget that home-builders are very interest rate sensitive.

Here's a link to comparisons of CAV to the industry:

yahoo.marketguide.com

I personally would hesitate on this stock just because I like to trade stocks with higher daily volumes - it makes it easier to get in and out.

Any other thoughts?

<edit> after looking further at the industry comparisons and the daily chart, this one does look pretty good. I wonder if your brokerage is still promoting this one - it could gap up tomorrow!
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