No surprise here, the price for a share of Champion Enterprises continues to wallow below two dollars. It closed today at $1.70, down from a 52 week high of $11.63.
Also not surprising, the assembler of Champion Genesis Redman modular and manufactured homes reported a loss for the third quarter.
The real losers, aside from shareholders, will be the previous buyers of Champion product who will be waiting forever for customer service to fix the many problems that surfaced after taking delivery. After cutting everything possible and still showing a loss can you imagine what will happen to product quality and customer service, both of which were already abysmal.
