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- The turnaround at homebuilder Skyline (SKY) is not being recognized as the struggling RV segment is masking strength in the core manufactured housing segment.
- However multiple steps by a proactive management such as lowering the cost structure and selling non-core assets are positioning the company to fully benefit from continued strong demand.
- Moreover, the slight discount to tangible book value and high net cash limit downside risk while multiple value levers provide significant and overlooked optionality.
SKY sells manufactured/modular housing and...
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