Tuesday, January 9, 2018

Is The SKY The Limit?

Summary Skyline is buying a much bigger, private competitor Champion Housing, and its shares rallied 50% on the news.

Economically the deal makes sense, financially the info is very thin, so at least some investors are flying by the seat of their pants. In that light, the magnitude of the rally is a little surprising, and from what we could tease out, it is possible Champion hasn't experienced much growth lately.

This is the opening lines from a Seeking Alpha article from yesterday.

CLICK HERE to read the entire article and maybe you can understand what is happening and tell the rest of us.

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