| Proposed Ticker: GENH | 2255 Industrial Boulevard | |
| Exchange: NASDAQ-National Market | Waycross, Georgia 31501 | |
| Industry: Manufacturing | (912) 285-5068 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 10/22/96 | |
| U.S. Shares Filed: | 2,000,000 | Filing Range: | $12.00 - $14.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $26,000,000 | |
| Primary Shares: | 2,000,000 | Expenses: | $750,000 | |
| Secondary Shares: | 0 | Shs Out After: | 5,769,231 | |
| Manager | Tier | Phone |
| Rauscher Pierce Refsnes, Inc. | Lead Manager | (214) 978-5491 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $90.67 | $65.75 | $42.76 | Assets: | $59.05 |
| Net Income: | $4.78 | $3.52 | $2.30 | Liabilities: | $45.64 |
| EPS: | $0.84 | Equity: | $13.41 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| General produces manufactured homes in the southeastern United States, with an emphasis on value-pricing and enhanced customer service. The company sells its homes through a network of independent dealers with more than 400 retail sales centers principally located in the company's primary markets of Georgia, South Carolina, Florida, Alabama and North Carolina and uses a variety of brand names in order to better penetrate its markets. The company's principal focus is on the production of multi-section homes, which, for the first six months of 1996, represented approximately 64% of the homes sold by the company. Since 1994, in the company's Primary Markets, sales of multi-section homes have exceeded sales of single-section homes. The company believes that wider and more flexible floor plan designs and site-built appearance are features of multi-section homes that have contributed to this trend. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to redeem all of the company's redeemable Preferred Stock, and to reduce indebtedness incurred in connection with the acquisition. |
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