Gabelli Portfolio Manager Blog
Past Entries

DOW 10,000
16-Oct-2009 at 08:58

Dallas symposium reveals that
12-Oct-2009 at 09:45

19th Annual Graham & Dodd Breakfast
08-Oct-2009 at 14:12

THE LAST TWELVE MONTHS
14-Sep-2009 at 09:24

Wedding Bells
01-Jul-2009 at 14:53

Gabelli, Grantham, Gross & Others Weigh In
04-Jun-2009 at 13:32
Registered Users can receive
FREE information via email &
Access Restricted Content

  
GAMCO Investors, Inc.
One Corporate Center,
Rye, NY 10580-1422
USA
 
  
 
The GAMCO Blog
February 18, 2009 at 11:56
NET NETS

CAVALIER (“CAV”)

We have been tracking the mobile home industry for some thirty-years plus.

Indeed at one time, Lynch, of which I was the CEO, owned Morgans Driveway, an Elkhart, IN based company that transported mobile homes from the manufacturing site to the site of the dealer.

We owned shares of Southern Energy, which was acquired by Berkshire Hathaway. We currently own positions in most mobile home companies, including CAVCO, which is a superbly managed company that was spun off by Centex; Noble Homes; and so on.

Cavalier (CAV - $1.70) is based in Addison, AL. It has been a company that we have owned for a long period of time.

The company reported results on Friday, February 13th.

They have 17.6 million shares outstanding.

The company has $1.77 a share in cash.

The book value is $2.99 per share.

< < prev             next > >
 
 
Send Comments

Blog Archives

 
Important Disclosures

GAMCO Investors, Inc. ("GAMCO") prepared this posting as a matter of general information. We do not intend it to be a complete description of any security or company. All facts and statistics referenced herein are from sources we believe to be reliable, but we do not guarantee their accuracy and it may be incomplete or condensed. GAMCO makes no commitment to update this posting and it may remove it at anytime from its website. This posting is made available free of charge for all persons that may legally view this posting regardless of whether you have a relationship with GAMCO or its affiliates. This posting does not constitute an offer or solicitation to purchase or sell a security nor is it a solicitation of a proxy or a vote. The posting is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.

Because the portfolio managers at GAMCO and our affiliates make individual investment decisions with respect to the client accounts that they manage, these accounts may have transactions inconsistent with the information contained in this posting. These portfolio managers may know the substance of the posting prior to its posting. GAMCO and its affiliates may receive compensation from the companies referenced herein or may be soliciting any company referenced herein as a client for their services.

  • As of January 31, 2009 GAMCO and its affiliates beneficially own on behalf of their investment advisory clients or otherwise approximately 17.79% of the outstanding equity securities of CAVALIER HOMES INC.
  • As of January 31, 2009 GAMCO and its affiliates beneficially own on behalf of their investment advisory clients or otherwise approximately 9.72% of the outstanding equity securities of CAVCO INDUSTRIES INC.