What improvements would you like in Yahoo! Finance Message Boards? Please send us feedback.
Message Boards Settings United Mobile Homes, Inc. (UMH) - Quote Info
Re: What happened to this company?     10-Sep-09 10:42 pm    
As posted on a different board.

"Occupancy has remained relatively stable at approximately 80%. The Company has been increasing rental rates and focusing on reducing costs."--Sam Landy

I doubt raising the rent is going to help keep occupancy stable."

AND


Rent increase usually result in a 3% + decrease in occupancy per community. That figures to another decrease of 80 sites per year.
As noted, there is also a decrease in operating costs which means repairs are not being done to communities unless it is an emergency.
As is going on in Blair county court in Penna. where repairs to the sewer lines at Cross Keys Village have been put off for years so the company is being challenged in court to repair or close the park.

Not looking good.
Rating :
 (1 Rating)
Rate it:
awful/not related to \pooraveragegoodexcellent

mrmxyzptlk9...


View Messages

Ignore User

Report Abuse

< Previous Message |   Next Message >
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Messages in Topic

Minimum rating: What's this?
  Subject Author Rating Time of Post (ET)  
 
Low volume, no news. Not even pumpers are posting here...
mrmxyzptlk9... (1 Rating) 5-Aug-09 02:12 am  
 
Like I said, revenues down. The president also re...
mrmxyzptlk9... Rate it 7-Aug-09 12:19 am  
 
Not so much. The three and six month earnings loo...
mrmxyzptlk9... Rate it 10-Sep-09 10:26 pm  
 
Re: What happened to this company?
mrmxyzptlk9... (1 Rating) 10-Sep-09 10:42 pm  
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

UMH Properties Inc. (UMH)

Chart for UMH Properties Inc. (UMH)
At 1:00PM ET: 7.61 Down 0.12 (1.55%)
Symbol Lookup