Nobility Homes (OTC:NOBH) is a builder of mobile and manufactured homes based in Florida. The company is very conservatively financed, and trades at a low valuation. There are also a number of potential benefits to the firm coming out of the COVID-19 pandemic. Given their extremely strong balance sheet and continued profitability through the pandemic, their continued viability is not in doubt.
The company has one manufacturing facility (which they own) in Ocala, Florida. This facility is on 35.5 acres straight west across the state from Daytona Beach, about 1.25 hours NW of Orlando. They claim they can be cost-competitive delivering homes within 350 miles of their location, an area which includes essentially the entire state of Florida. Significant portions of Alabama, Georgia, and South Carolina would be within that radius as well, but they have no sales facilities in those states and most sales are within Florida. They