STLY is a value trap....don't waste your time. The old guard management will not make the necessary changes to enhance shareholder value.
"...The company has completed its transition and is poised for growth in the coming years, and I wish them the best of success in the future."
He could of said all kinds of things without saying that.
Kevin Bowman, until recently, was the senior vice president of sales at Stanley Furniture. He resigned to pursue leadership positions at other companies.
These picks are the real deal. I signed up recently and saw one of their picks increase 140% by the end of the day. Amazing. Text the word “Alerts” without quotes to FIVE FIVE FIVE EIGHT EIGHT EIGHT
except to break even. Still 30 million. When is the last time they made 30 million? The problem with a company with excess cash and bad mgm is you are usually left with the bad mgm.
They need to divest the Young America brand....unprofitable. Then, trim the fat from the company. The CEO and board members seems to be OK with just skating on by instead of creating real shareholder value. I can understand not wanting folks to lose jobs and benefits from layoffs and divestitures. However, if that's the way they want to play the game they should not be a public company and go private....then they can do whatever they please. I would not be investing in STLY....dead money IMO.....Good Luck to you.
STLY is only interested in maintaining the status quo and not radical change....they are stuck in the 1990's.
STLY is a dog....do yourself a favor and move on to something else. Inept Management and good ol boy network won't implement the necessary changes to increase shareholder value.
Sentiment: Strong Sell
Notice how the CEO gives the same excuse, quarter after quarter.....you'll learn....I got fed up after awhile and invested elsewhere. Good Luck to you.
How do you know it is the CEO? Think about it....the BOD are ultimately in charge....THEY are the ones that need changed in IMHO...the CEO is pretty much a puppet...good luck if you are long here.
What is the board of directors doing with this CEO? How does he keep a job?
Most of tangible book value is in inventory. They'd have to get at least 35% of its carrying cost in order for shareholders to see $3 per share. I'd rather see the company increase its sales to the point that they're profitable, and if they can't do that, sell the brand as an ongoing business to somebody who has the economy of scale and distribution to be able to do so.