Folks, the manufactured homes industry is selling its products as fast as it can turn them out. Check out the sales numbers from companies like Cavalier Homes, Redman Industries, Champion Enterprises, Palm Harbor, and American HomeStar, to name just a few. Green Tree is far and away the dominant lender to that industry, and the company has been adding new niches to that core biz, offering loans on everything from horse trailers to grand pianos. With the stock currently trading at less than 14 times projected 1996 EPS, and a PEG ratio under .80, GNT is one terrific buy. Speaking of terrific buys, I'll be making one for the Borefolio sometime in the coming week, as I add 100 shares of Cisco Systems to our current holdings.
Cisco is, of course, the premiere name in internetworking products.
Better yet, the stock is currently in one of those relatively rare periods in which it trades at a slight discount to its projected growth rate. Copyright 1996, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool.