Easy Come, Easy Go: Skyline Sinks After Rally Fueled By Mistaken Identity

Skyline Corp. ( SKY ) has been on a wild ride, more than doubling from early March, but the shares are off more than 13% Tuesday. The problem? Investors never meant to buy Skyline at all. That’s according to a new Street Sweeper article out today. Sonya Colberg writes that Skyline—a mobile home company that’s lost money for the past seven years—has plenty of problems: The industry is in decline in general, but it’s still managed to underperform its peers, losing millions annually. That’s made it strapped for cash, to the point that its auditors have doubts about whether or not it can stay in business. Read More »