CVCO - Skyline Champion: The Picture Is Improving If Ever So Slowly
2024-07-12 03:49:20 ET
Summary
- Skyline Champion is a leading player in factory-built housing, with 48 manufacturing facilities across the US and Canada.
- Recent financial performance shows a decline in revenue, net income, and operating cash flow, despite signs of stabilization.
- While the company has potential for long-term growth, it is currently not a good time to be bullish due to its expensive stock price and weak average sales prices.
These days, there are a number of publicly traded homebuilders for investors to choose from. But very few of them are as interesting as Skyline Champion ( SKY ). This is because, unlike many of the other players out there, Skyline Champion is a leading player in the construction of factory-built housing. For more than 70 years, the company has built itself up to a firm that has 48 manufacturing facilities spread across 20 states and three provinces in Canada. It stands today as the second-largest player in the manufactured housing segment in the country. And it's the number one modular builder nationwide....
Skyline Champion: The Picture Is Improving, If Ever So Slowly