Company Description
Champion Enterprises Inc. is one of the leaders in the manufactured home building industry. The company specializes in factory manufactured housing and building materials, specializing in two-story homes, multi-section homes, ranch-style homes, single-style homes, Cape Cod style homes, townhouses, duplexes, and triplexes. Modular homes maintenance cost is lower than traditional homes making them a better option.
Champion Enterprises traded on the New York Stock Exchange under the ticker symbol CHB. The company which was founded 56 years ago declared Chapter 11 bankruptcy in 2010. Before filing Chapter 11 the company was the highest producer of homes in the industry while doing operations out of various plants in North America and Europe. Champion Enterprise is a parent company of numerous subsidies in the manufactured home industry.
I decided to take on investment in the company, which at the time was stalling, in hopes of getting a return on investment. I sold my shares 02/07/2011 at a loss because the company did not seem to have things in order. I originally acquired 9 shares on 08/14/09 and 91 shares on 10/07/09. The average price per share (total cost divided by total shares) when I purchased the stocks was $0.45 and on the date of sell my shares they were worth $0.02 per share. The company was excellent at providing information to its investors as decisions were made during the years of operations; however there is limited information on the company since the bankruptcy .
Future Outlook
The future for Champion Enterprise is extremely optimisticoptimistic; with some major changes the company can once again be successful.. The reason the company filed for bankruptcy was to take care of its deb...
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...ck trends past performance is an indicator of future performance. Therefore, investors should proceed with caution when investing in Champion Enterprise.
Work Cited
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"COMPANY NEWS; CHAMPION TO LAY OFF 1,000 AND CLOSE 4 PLANTS." The New York Times, Sept. 6, 2003.
"COMPANY NEWS; CHAMPION ENTERPRISES HIRES A NEW CHIEF AS DEBT RISES." The New York Times, July 1, 2003.
"CHAMPION ENTERPRISES AND REDMAN IN TALKS." The New York Times, August 15, 1996.
Other Web Sources:
http://www.mobilehome.net/manufacturer_history/champion_enterprises_inc.htm
https://us.etrade.com/e/t/home
http://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code
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When Jim Kilts showed up at Gillette in 2001, the first outsider to run the Boston-based company in more than 70 years, he found a business with great brands losing market share. Its acquisitions of Duracell and Braun were not delivering. Sales and earnings were flat, the company had missed its earnings estimates for 15 straight quarters, the stock had plummeted, and Wall Street had lost patience. Yet two-thirds of the top managers were getting top ratings. People were being rewarded for effort; performance, under Mr. Kilts regime, became the new measure.
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Facing growing competition Stan had to become a transformational leader by integrating companies that are not the traditional office furniture roots. Since 2003, Stan has served as CEO of HNI Corporation which is now comprised of six companies plus HON International which markets products outside North America. Allsteel, the Gunlocke Company and Holga served the contract furnishings market. The HON Company and BPI Inc. made and sold middle-market office furnishings. Hearth Technologies comprised of Heatilator, Heat-N-Glo, Aladdin Hearth Products and Hearth Services Inc. By integrating these companies HNI is able to leverage similar operations to maximize cost and efficiencies to be able to give our customers the best cost possible in very competitive
Demographics- An advantage of the home improvement industry is that you have a wide range of consumers. The main consumers of the home improvement industry are males from the age range 25-40.
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...ccurately reflects the intrinsic value of the company from the shareholders point of view and their expectations of future earnings.
This paper will explore how the company is fairing under the leadership of its current CEO, Andrea Jung. There are two opposing views regarding the company's current and future success. One group feels that the firm has a promising future with Jung at the helm while the other group does not. This paper will analyze the pros and cons uncovered by each team member and discuss which view prevailed in the debate and why.
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A study has been conducted to find the reasoning behind the surprisingly abrupt success decrease. It shows that one of main contributing factor includes a new increase in competitors in the area, which may start to create a rivalry with the industry. Competitors can become a huge danger towards companies since this gives the customers more options when deciding which product to purchase. There have also been new entrants, who of which are creating new and different products that are now available to the customers. Customers are also being persuaded by the power of other companies. This is now becoming a very competitive market, which can have a great effect on the company’s success. Although this is just one factor that seems to be affecting sales, there seems to be more contr...
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