Sometimes the worst markets hide the best profit opportunities. And you don’t get much worse than the housing market at the moment. Jonas Elmerraji says prefab manufactured housing is making a big comeback in devastated real estate industry. He says investors can play this emerging trend with small cap firms like Skyline Corp (NYSE:SKY) and Champion Enterprises (NYSE:CHB).

More from Penny Sleuth:

While most investors look for industries they expect to boom in the future, there’s a solid investment case to be made for buying stocks in bad industries.

Jeremy Siegel, one of Wall Street’s best investment minds, said that, “Some of the most successful investments of the last thirty years have come from industries whose performances have been utterly horrendous.”

And if ever there was a horrendous market, housing’s it. The housing industry has sunk almost 40% this year, sending most investors heading for the hills…but not all…

***********************************

Does $2.00 for a

...

Tontine PartnersTontine Capital Partners - Holding AnalysisThis post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers.If you're unfamiliar with Gendell and his Tontine Partners, then here's what you need to know. Founded 11 years ago, Tontine is a $10 billion fund ran by Jeffrey Gendell. He specializes in macro investing and takes very large, concentrated positions in companies he feels will benefit from those macro themes. Additionally, he will take on an activist role when necessary, to ensure shareholder returns. The fund has posted returns in excess of 100% in both 2003 and 2005.So, let's get right down to it... what was Jeffrey Gendell ...