With Hurricane Idalia making landfall in Florida on Wednesday, investors are already placing their bets on companies that could benefit from recovery efforts after the natural disaster.
Last fiscal year, Skyline posted strong sales as it delivered a large order for FEMA. That could happen again if the disaster relief agency’s inventory runs low after the 2023 hurricane season. “I think the vast majority of the gains reflect those two transactions, while the more temporary potential benefit following the hurricane certainly could have driven some of the follow-up,” says Moore.
If any FEMA orders do happen, that would certainly be positive for the firm. McCanless noted that manufactured homes in disaster-prone areas need to be heavier and sturdier. As a result, the average selling price for such government orders tends to exceed the average pricing for manufactured home sales.
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