CHB
P/E (ttm): 112.15
PERIOD ENDING.... 29-Dec-07 .29-Sep-07 .30-Jun-07. 31-Mar-07
Retained Earnings. 23,637 .. 29,589 .. 16,664 ..... 9,199 <<=====
Total Revenue ....325,610 . 357,698 ..330,360 ....259,797
Sale of Stock.......1,507 .... 873 .... 957 ...... 464
Net Borrowings ....79,581 .. (541) ....(543)...... (493)
Qtrly Revenue Growth (yoy): 8.20% <--ok
Qtrly Earnings Growth (yoy): N/A
Total Debt (mrq): 368.78M <--29% of revenue...too high
Short % of Float (as of 11-Mar-08): 22.70% <==motivated buyers
http://stockcharts.com/charts/gallery.html?CHB
looks like momentum. Entry point below $10 looks good
Champion Enterprises, Inc., together with its subsidiaries, engages in
the production and sale of factory-built houses in the United States and
Canada. It builds multi-section, ranch-style homes; two-story homes;
single-section homes; cape cod style homes; and multifamily units, such
as townhouses, duplexes, and triplexes. The company also produces
commercial modular structures, including two-story buildings and barracks
for the U.S. military and other non-residential buildings. In addition,
it manufactures steel-framed modular buildings for use as prisons,
military accommodations, hotels, and residential units in the United
Kingdom. As of December 29, 2007, Champion Enterprises sold homes through
builders, developers, and approximately 2,000 independent sales centers
in the United States and western Canada, as well as through its 17 retail
sales offices in California. The company was founded in 1953 and is based
in Troy, Michigan.
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• Champion Enterprises Announces the Closure of Two U.S. Manufacturing
Facilities
PR Newswire (Thu, Mar 27)
• Champion Enterprises Acquires United Kingdom-Based ModularUK
PR Newswire (Mon, Mar 10)
• Champion Enterprises Re****ts 8 Percent Increase in Revenues and $44
Million Increase in Cash from Operations for the Fourth Quarter of 2007
PR Newswire (Tue, Feb 19)
Fri, Feb 8, 2008
• Fire Destroys Champion Enterprises Plant <=====HMMMMMMMM
AP (Fri, Feb 8)
-----------------------
from the 10k annual re****t:
On December 21, 2007, we acquired substantially all the assets and the
business of SRI Homes, Inc., ("SRI") a leading producer of factory-built
homes in western Canada,
On April 7, 2006, we acquired 100% of the capital stock of United
Kingdom-based Calsafe Group (Holdings) Limited and its operating
subsidiary Caledonian Building Systems Limited
On July 31, 2006, we acquired certain of the assets and the business of
North American Housing Corp. and an affiliate ("North American") for
approximately $31 million in cash plus assumption of certain operating
liabilities. North American is a modular homebuilder that operates two
manufacturing facilities in Virginia.
Industry ****pments of HUD-code homes totaled approximately 95,800 in
2007, which was the lowest industry volume since 1961.................As
a result of these conditions, in 2007 we closed three manufacturing
plants and tem****arily idled another plant in the U.S. and in 2006 we
closed four plants in the U.S.
Our acquisitions in 2007 and 2006 were part of our strategy to diversify
our revenue base with a focus on increasing our modular homebuilding
presence in the U.S. and to seek factory-built construction op****tunities
outside of the U.S.
Meanwhile, during 2007 our manufacturing segment's Canadian operations
enjoyed strong sales volumes, relatively high levels of unfilled orders
and increased pricing power resulting in increased profitability. Homes
sold in 2007 by our Canadian operations increased 17% over the number
sold in 2006. Total homes we sold in Canada in 2007, including homes
produced in the U.S., increased 45% over the number we sold in 2006. Our
international segment in the UK also experienced growth in 2007 with
strong backlogs, high utilization of manufacturing capacity and a
significant increase in site-work revenues. International segment sales
and income for the full year increased more than 200% over results in
2006, which consisted of only nine months
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