| | Business Summary | | American
Homestar
Corporation
is
a
national
vertically
integrated
manufactured
housing
company
in
the
United
States,
with
operations
in
manufacturing,
retailing,
financing
and
insurance.
The
Company
currently
operates
10
manufacturing
facilities
in
six
states
and
sells
homes
through
its
dedicated
distribution
channels,
which
include
107
Company-owned
retail
sales
centers,
11
joint
venture
retail
sales
centers
and
60
franchised
retail
sales
centers,
and
through
more
than
300
independent
retail
locations
in
28
states.
The
Company
manufactures
a
broad
selection
of
both
HUD
code
and
modular
homes
ranging
from
traditional,
lower-priced
homes
to
distinctive,
higher-priced
homes.
The
Company's
HUD
code
homes
retail
from
$12,900
to
$139,000,
excluding
land
costs,
while
the
Company's
modular
homes
retail
from
$57,400
to
$253,700,
excluding
land
costs.
In
January
2001,
the
Company
commenced
chapter
11
bankruptcy
proceedings
on
behalf
of
itself
and
21
of
its
subsidiary
companies. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | American
Homestar
Corporation
is
a
vertically
integrated
manufacturing
housing
company,
with
operations
in
manufacturing,
retailing,
financing,
and
insurance.
The
Company
currently
operates
10
manufacturing
facilities
in
six
states.
For
the
three
months
ended
9/30/00,
net
sales
fell
27%
to
$120.3
million.
Net
loss
totalled
$9.3
million,
up
from
$1.4
million.
Results
reflect
a
plant
closing
in
Lynn
Alabama,
severance
expenses,
and
non-recurring
charges. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY2000 Pay | |
| Finis Teeter, 56
Chairman,
Pres, CEO | $280K | Craig Reynolds, 51
Exec.
VP, CFO, Sec. | 249K | Charles Carney, Jr., 45
Exec.
VP | 368K | Ronald McCaslin, 53
Exec.
VP | 408K | Jackie Holland, 53
VP,
Treasurer and Director | 175K | | Dollar amounts are as of 31-May-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
