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1x51..1x54
Can you see L2?
Very tight and thin at this level
Might have some bearing on recent pop.
WASHINGTON (MarketWatch) -- Boosted by a soon-to-expire tax break, low mortgage rates and favorable weather, sales of new homes surged 27% in March to a seasonally adjusted annual rate of 411,000 after hitting a record low in February, according to Commerce Department estimates released Friday.
It was the largest percentage gain in sales since April 1963, the government said. It was the highest sales pace since July, and much stronger than the 335,000 expected by economists surveyed by MarketWatch. See our complete economic calendar and consensus forecast.
Obama: Need for new foundation
President Barack Obama emphasizes the need for financial reform to avoid the past from being repeated.
Sales in December, January and February were revised higher. In February, sales were revised to a 324,000 annualized pace, up from 308,000. It's still the lowest on record, dating to 1963.
Sales are up 24% compared with March 2009, but are down 70% from the peak in 2005.
Government statisticians have low confidence in the monthly report, which is subject to large revisions, and large sampling and other statistical errors.
In most months, the government isn't sure whether sales rose or fell. The standard error in March, for instance, was plus or minus 21.1%. Read the full government report.
The government says it can take up to five months to establish a statistically significant trend in sales. Over the past five months, sales have been on a 358,000 seasonally adjusted annual pace, up from 355,000 in the five-month interval through February and 356,000 in March 2009. It's the first time since January 2006 that the five-month average was higher than a year earlier.
Sales of new homes had fallen four months in a row before March's surprising boom. A federal tax credit for home buyers that expires soon seemed to have little impact on sales until March.
In order to qualify for the credit, a buyer must sign a sales contract before April 30, and must close before June 30. New-home sales are recorded at the time of the contract signing, not the closing, so April's sales figures would be the last to show any impact from the subsidy.
"We expect a further sharp rise in April sales then a sharp, though temporary, drop in May," wrote Ian Shepherdson, chief domestic economist for High Frequency Economics. "After that, much depends on whether Congress extends the tax break; we expect it will."
On Thursday, the National Association of Realtors said sales of existing homes rose 6.8% in March. Existing-home sales are recorded at the time of closing. See full story on existing-home sales.
Housing, which led the economy into recession, seems to be the last sector to recover. Earlier this month, Federal Reserve Chairman Ben Bernanke said, "We have yet to see evidence of a sustained recovery in the housing market."
Policy makers and investors will be watching the housing data closely over the next few months to see if the market can continue March's gains even after the tax credit expires and federal support for low mortgage rates subsides.
"We think that the second quarter will be a make-or-break quarter for the housing sector," wrote Ward McCarthy, chief financial economist for Jefferies Economics. "Our current view is that the housing sector is in the process of stabilizing on a national level. Recovery will be a slow and fitful process."
Fundamentally, housing starts are too low to meet the demand caused by household formation, noted Tony Crescenzi, strategist for Pimco. Ahead of the recession, about 1.2 million households were formed each year. Not all of those families will buy homes, but all of them need shelter. Many of them have been doubling up during the recession.
Details
Inventories of unsold homes fell by 5,000, or 2.1%, to 228,000, the lowest in 39 years. At the March sales pace, it would take 6.7 months to sell off the inventory. That's the lowest months' inventory since December 2006.
Home builders have been slashing their inventory of unsold homes for more than a year. The number of homes for sale that are under construction fell to a record low of 100,000.
Builders have cut back on production of new homes, but they still face headwinds from unsold existing-homes as foreclosures continue to mount up.
If a home isn't sold before it's finished, it's taking a record 14.4 months to sell it after completion -- a reflection of the mismatch between more expensively priced homes in the inventory and lower-priced homes that have been selling.
The median sales price of a new home sold in March was $214,000, up 4.3% compared with a year earlier. Cheaper homes were selling better than expensive ones. Just 12% of homes sold for more than $400,000.
Sales were up in all four regions: up 36% in the Northeast, up 4% in the Midwest, up 44% in the South and up 6% in the West, the government's data showed.
Rex Nutting is Washington bureau chief of MarketWatch.
I feel like I am the only one on this board. I am surprised this is not getting more attention. These Q stocks can really explode, especially when good news is expected/released.
Looking at the chart, to me, Friday looks like the end of a brief pullbackwith that inverted hammer. Expecting a reversal tomorrow.
What do you think about where we are in relation to that trendline?
To me Thurs and Fri looked like healthy pullback on much lower volume and indicators cooling off a little.
If you check yahoo now it says Apr.30th.I don't believe they have to report earnings in Chap. 11,just a Mor to court.We shall see.
My feeling is that there has to be a reason the pps jumped on Wednesday like it did. The technicals on the chart don't seem to support such a strong move unless there is some pending news.
That being said, so far just looks like a normal pullback on lower volume Thursday and Friday. All the indicators have turned down since Wednesday. Hoping for a bounce on Monday...maybe news?
Yahoo had April 23 earnings announcement, but I have not heard or read anything and did not get any alerts from Scottrade.
As i understand it,companies in Chap.11 only have to provide a MOR to the court,not publicly report earnings in the traditional sense.Mor are due within 30 days of the last day of the month being reported.However once asset sale was complete I believe the rules changed,for i have not seen a mor for Feb. or Mar..Still researching and will post if i find anything.If anyone knows differently feel free to correct me.
Good day on low volume with Fri exits
courtesy of another board on i-hub. but, certainly an interesting thought, if and when earnings are ever reported.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49372217
Slow Friday all around. I was hoping for a little more strength today, but I will take a close above .05 to kick things off for next week.
I can find no reference to any earnings report other than th epost here. Not saying that it is not true, I just can't find anything in the open that says today is earnings.
very tight, most are gone already due to a boring Fri
Where is evryone? Slow day here. Yahoo says we get earnings announcement today. Thouht there would be a lot more buying today.
2 @ .06
1 @ .062
5 @.08
That said. It jumps around constantly whenever a buy or sell comes through. It has been fairly unreliable in the last 2 days
Anyone watching L2? How thin is the ask?
Agreed, thinking a lil higher depending on selling
earning due today ?
that would be great ,you think it before the close ,or after the market closes
We are getting earnings announcement today. I just don't know what time. If it's good, I think we could break through .07 resistance and test .10.
Very tight and very thin here on low volume.
Thanks Billy!Nice little run here,still holding and waiting for the big one.
NE
My bad... Sorry hit the wrong button... I fixed it :)...bbilly
OT Sorry Billy i can't pm,but you can pm me if you would like
OT Hey Billy why did you remove me as an assistant?
Ne
Considering low volume, holding pretty strong here above .06 support level.
Looks like there was profit taking when .07 resistance was hit. Selling has dried up. Ready for next leg up.
Low volume now, lets see what last hour brings...
Movin' up again.
Need some volume.
Now that's patience.
Hoping that the expectation of earnings announcement tomorrow will drive volume this afternoon. And if the news is good tomorrow...well...who knows?
I'm still holding since 1st December last year
Oversold on the intra-day charts. With some volume this afternoon, we should go back up and test .07 again.
Just bought 36,700 at .58.
Bid support 0.058 and 0.055
Ask thin until 0.068
Anyone have current L2 on this?
TIA
After .07, resistances are .10, .13, .22
Yep,10+ will see that, but i think it will sustain after a selling dip.
Possible but I think selling pressure will come at 0.09 to 0.10. Hope for buyers to appear...
so thin here
wow 7 were going hard for a sec there ,think we brake through today ?
sorry, 200 MA
I think it will test 500 moving average which comes at .22, thats my thoughts, unless we have solid news like old shareholder will represent equity in new chb.
If it can break .07 it should be able to test .10
.07 is a big test
hello
what you think this can go to where ?
Mine long way to go, cost at .48 50k shares although I've made 45k profit for the last ran up...
wow so thin here
what a push just starting here i think wait tell volume really hits then .10 here we come
I'm noticed at Yahoo Finance mentioned that earnings anouncement on 23 April. Maybe thats the reason pps surges...
Nice day here today. Other than chart indications, not sure why this is moving. Any thoughts?
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Outstanding Shares: 77,782,118 Shares.
Number Of Shareholders: 3,600.
Authorized Shares: 120,000,000 Shares.
Company Status: In Ch21 Process.
Throughout our long history, Champion has been acknowledged as a leader in the manufactured housing industry. More recently, we achieved the distinction of becoming the largest modular homebuilder in North America. In addition to these leadership positions, we have expanded our modular capability to include providing modular buildings for government and commercial applications.
Champion was founded 55 years ago as a single manufacturing facility in a small town in rural Michigan. Over the years, the company has grown to become a “family of builders” providing factory-built housing and other structures throughout the United States, western Canada and United Kingdom. For over 40 years, Champion has been a publicly held company with shares listed on the New York Stock Exchange (Symbol CHB) since 1995. Our international headquarters remains in Michigan, and currently, with 27 manufacturing facilities located throughout North America and Europe, we employ more than 4,000 dedicated employees worldwide. Since our beginning over five decades ago, the Champion family of builders has produced over 1.7 million factory-built homes for homebuyers throughout North America.
Champion provides a wide variety of factory-built solutions, from single-family and multi-family homes, to commercial and government buildings. Our products are distributed through a large and ever growing network of retailers, builders and developers. As a result, you’ll find Champion-built structures in every neighborhood - from rural to urban and everything in between.
In addition to having manufacturing facilities located throughout the United States, Champion has international operations consisting of Moduline Industries and SRI Homes in Canada and Caledonian Building Systems in the United Kingdom.
Moduline Industries is a leading producer of factory-built homes for western Canada. With more than 37 years of residential design and construction experience, they’ve produced more than 30,000 homes. The company sells their homes through a network of independent retailers and builders in the following Canadian provinces - Ontario, Manitoba, Alberta, Saskatchewan, British Columbia and the Northwest Territories. Moduline Industries has been part of the Champion family since 1988.
For more information about Moduline Industries, please visit the company’s web site at www. moduline.ca.
SRI Homes, which together with its predecessor companies, was founded in 1963, operates three manufacturing facilities in British Columbia, Alberta, and Saskatchewan. It is the largest factory-built home builder in Canada, selling high-quality manufactured and modular homes through a network of independent retailers throughout western and central Canada. SRI Homes has been part of the Champion family since December of 2007.
For more information about SRI Homes, please visit the company's web site at www.srihomes.com.
Caledonian Building Systems is the United Kingdom’s leader in pre-engineered buildings and steel frame modular construction. Selling to clients throughout the United Kingdom, the company operates four factories on a 42-acre site near Newark in Nottinghamshire. Caledonian specializes in building prisons, hotels and multi-family buildings, such as condominiums and apartments, as well as other commercial buildings.
As an innovative leader in modular construction, Caledonian recently completed a prestigious inner city project for Berkeley First, constructing one of the tallest modular buildings on record. Caledonian Building Systems has been part of the Champion family since April of 2006.
For more information about Caledonian Building Systems, visit the company’s web site at
Holdings | |
Total Number of Shares Held | 32,295,798 |
Large Block Owners | 60 |
Percent Shares Owned | 41.40% |
Percent Change in Ownership | -- |
0.70% | Brokerage Firms |
38.70% | Investment Managers |
2.00% | Strategic Entities |
58.60% | Non-Institutional |
Mouseover legend for more detail. |
Regional Holdings | |
North America | 37.10% |
Europe | 2.80% |
Unknown | 1.50% |
Monthly Share Rotation | |||
Type | Number of Shares | Value of Change | Shares Outstanding |
Buyers 12/4/09 | -- | -- | -- |
Sellers 12/4/09 | -- | -- | -- |
41.40% | Top Owners | |
---|---|---|
41.40% | Top 50 Owners | |
37.30% | Top 20 Owners | |
32.80% | Top 10 Owners |
58.60% | Other Owners |
---|---|
Other Owners |
Name | Shares Held | Position Value | % of Total Holdings | Outstanding Shares Owned | Investment Style |
---|---|---|---|---|---|
Alpine Woods Investments | 649.1 K | $298.6 K | 2.01 | 12.00% | High |
Barclays Global Investors, N.A... | 659.2 K | $303.2 K | 2.04 | 12.18% | Low |
Columbia Wanger Asset Manageme... | 8.3 M | $3.8 M | 25.59 | 152.74% | Low |
GAMCO Investors, Inc. | 1.7 M | $793.6 K | 5.34 | 31.88% | Low |
Hermes Fund Managers Limited | 1.8 M | $828.0 K | 5.57 | 33.27% | Low |
Netols Asset Management, Inc. | 1.2 M | $558.3 K | 3.76 | 22.43% | Low |
Renaissance Technologies Corp. | 2.5 M | $1.2 M | 7.81 | 46.62% | High |
Royce & Associates, LLC | 1.4 M | $664.3 K | 4.47 | 26.69% | Low |
Vanguard Group, Inc. | 770.6 K | $354.5 K | 2.39 | 14.24% | Low |
Wells Capital Management Inc. | 6.5 M | $3.0 M | 20.03 | 119.56% | Moderate |
32.07% | Core Value | |
25.33% | Growth | |
18.37% | GARP | |
3.84% | Index | |
2.11% | Specialty |
1.16% | International | |
1.25% | Core Growth | |
0.81% | Income Value | |
0.03% | Aggres. Gr. |
Name | Shares Held | Position Value | % of Total Holdings | Outstanding Shares Owned | Investment Style |
---|---|---|---|---|---|
Alpine U.S. Real Estate Equity... | 649.1 K | $305.1 K | 2.01 | 12.26% | Specialty |
Columbia Acorn Fund | 4.5 M | $2.1 M | 13.93 | 83.17% | Growth |
Columbia Acorn USA Fund | 2.1 M | $956.0 K | 6.44 | 38.41% | Growth |
FPA Capital Fund | 3.5 M | $1.1 M | 10.75 | 44.64% | GARP |
Gabelli Small Cap Growth Fund | 745.0 K | $238.4 K | 2.31 | 9.58% | GARP |
Royce Opportunity Fund | 1.5 M | $488.8 K | 4.73 | 19.64% | GARP |
Vanguard Extended Market Index... | 564.6 K | $259.7 K | 1.75 | 10.43% | Index |
Wanger USA | 1.5 M | $680.0 K | 4.58 | 27.32% | Growth |
Wells Fargo Advantage Small Ca... | 8.7 M | $4.1 M | 26.92 | 164.17% | Core Value |
Wells Fargo Advantage Small/Mi... | 1.1 M | $502.3 K | 3.31 | 20.18% | Core Value |
As of: 10/22/2009
Directors/Officers Holdings:
Robert Anestis - Director who recently resigned. holds 99,100 shares
Thomas Madden - Director holds 182,205 shares
Shirley Peterson - Director holds 61,506 shares
Phyllis Knight - CFO holds 383,946 shares
William Griffiths - CEO holds 245,390 shares
Selwyn Isakow - Director holds 214,550 shares
Brian Jellison - Director holds 165,392 shares
SEC Filings for Institutional Ownership for Champion Enterprises/CHB/CJHBQ:
http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp
MFFAIS Institutional Filings for Champion:
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