Third Avenue Management Boosts Stake in Cavco Industries (CVCO) to 10.6%
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In a 13G filing on Cavco Industries Inc. (Nasdaq: CVCO), Third Avenue Management disclosed a 10.64% stake (686,815 shares) in the company. The is up from the 624,873 shares stake held at the quarter ended 12/31/07. A 13G indicates a 'passive investment.'
Cavco Industries, Inc. engages in the design, manufacture, wholesale, and retail of manufactured homes primarily in southwestern United States.
Third Avenue Management was founded by veteran value investor Martin J. Whitman in 1986. Since its founding, the firm has pursued a sole discipline of fundamental value investing.
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