Posted on July 29, 2008

One of the things that cannot be said enough about the process of bringing reform to the manufactured housing industry is that it takes the willingness to have imagination. People can get locked into seeing the empirical evidence that dots the landscape -- think run down parks, broken promises, and the like -- and decide that manufactured housing has fundamental constraints.

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Posted on July 28, 2008

Last week, MHR reviewed the performance at Palm Harbor (PHHM), where management is charting a safe course by focusing on its core higher margin operations (manufacturing and retailing), as well as paying off debt.

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Posted on July 23, 2008

What does the presence of manufactured housing tell us about America? What does it show us about a shelter? What makes an ideal home? How do those questions and their answers change over time?

These are some of the things that the curators of the Museum of Modern Art (MOMA) have attempted to ask in their latest exhibition. It is an exploration in to pre-fabricated houses.

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Posted on July 22, 2008

Palm Harbor (PHHM) gave a mixed assessment in its first quarter '09 filing, during a meeting today. They reported revenues of $130 million (on target) but a drop from $143 million in the same quarter last year.

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Posted on July 21, 2008

The latest round of earnings reports by some of the leading builders of manufactured homes shows that many are looking for new markets. The environment is tough right now: shipments of HUD-Code homes continue to be way below historical norms. Now, a larger crisis in lending is reducing the ability of buyers to finance new home purchases.

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Posted on July 18, 2008

Amid a week of dramatic and often challenging news from the housing industry, Fleetwood Homes reported its best operating quarter in a while.  Its a good story that reflects some opportunity for manufactured housing.  I emphasize operations because the company still lost 2 cents a share, but much of that was outside of the nuts and bolts of making manufactured housing.

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Posted on July 18, 2008

The new survey on banks is out from JD Power & Associates.  The survey finds that people are growing increasingly unhappy about the level of service that they get at their bank.  The survey covered experiences last year, before the credit crisis really took over the attention of the public.  Presumably, that was also at a time when banks were operating at full speed.

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Connecting the Dots: How Wall Street Brings Fringe Lending to Main Street

At-risk students, for-profit college

"I Feel Like I was Set Up to Fail: Inside a For-Profit College Nightmare."

This story was published in Salon Magazine on January 27th, 2014. In March, Senator Richard Durbin cited this story when speaking on behalf of his bill, The Student Loan Borrowers Bill of Rights.

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