Is The SKY The Limit?

  • 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.

Source: Is The SKY The Limit? – Skyline Corp. (NYSE:SKY) | Seeking Alpha