Company Overview - Cavco Industries is a leading U.S. producer of manufactured and modular homes, operating through a wide retail and distribution network [6] - The company generates revenue from the sale of manufactured housing, modular units, financial services, and a network of retail outlets [7] - As of February 13, 2026, Cavco Industries shares were priced at $590.38, reflecting a 10.3% increase over the past year, but underperforming the S&P 500 by 1.5 percentage points [6] Financial Performance - In its fiscal third quarter, Cavco generated $581 million in revenue, an 11.3% year-over-year increase, driven by higher home sales volume and pricing [10] - Gross profit rose to $135.9 million, although margins compressed, and diluted EPS declined 19% to $5.58 [10] - The company closed its American Homestar acquisition during the quarter, contributing an additional $42 million in revenue [10] Investment Activity - Ashford Capital Management reduced its position in Cavco Industries by 19,607 shares, valued at approximately $11.11 million based on quarterly average pricing [2] - The remaining stake in Cavco is 28,412 shares, with a quarter-end position valued at $16.78 million [2] - Cavco now accounts for 1.87% of Ashford's reportable assets, down from 3.1% the prior quarter, indicating a sizing decision rather than a lack of conviction [6][11] Market Position - Cavco's integrated approach, including financial services and insurance, supports a resilient business model and positions the company as a key player in the residential construction sector [8] - The backlog stands at $160 million, representing approximately four to six weeks of production [10]

Core Insights - BOXABL Inc. has made a significant donation of 6,250,000 shares of its stock, valued at approximately $5 million, to Catholic Charities USA, highlighting its commitment to addressing the housing crisis [1][2][3] - The donation aligns with BOXABL's mission to provide affordable and sustainable housing solutions and reflects the personal dedication of Co-Founder and Co-CEO Galiano Tiramani [2][5] - BOXABL is advancing towards a public listing through a merger with FG Merger II Corp., which will create a publicly traded company under the ticker "BXBL" [2][5] Company Overview - BOXABL is focused on revolutionizing the housing industry with factory-built modular homes that emphasize affordability, sustainability, and rapid deployment [5] - The company is valued at $3.5 billion as it approaches its public debut via the SPAC merger [5] - BOXABL's growth strategy includes leveraging patented technology to meet global demand for modular housing solutions [4][5] Donation Details - The donation is a strategic gift intended to enhance the impact of Catholic Charities USA, allowing the organization to benefit from BOXABL's future growth [3][4] - The shares donated are not a sale and do not affect BOXABL's capital structure or merger plans [4] - The donation will be disclosed in upcoming SEC filings, including amendments to the S-4 registration statement [3]