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Hooker Furniture Corp. Message Board

  • valuehunter2002 valuehunter2002 Jun 17, 2003 8:39 AM Flag

    Define long term...

    If you are interested in holding for 3+ years than you shouldn't worry about 10 or 15% - the stock is pretty damn cheap at $26 or $31 so your return should be high if the fundamentals remain strong. Instead of focusing on capturing an incremental 10% or 15% spend you time trying to find another HOFT type company that you can invest additional money in long term.

    In the short term, I think the first quareter was particuilarly strong because of some timing issues and people have extrapolated Q1 performance when they shouldn't - they could be a bit disappointed in Q2 results (even though they shouldn't be). I think furniture stocks as a group are ahead of themselves and could decline a bit in the next quarter or two.

    But hey, those are just my thoughts, doesn't mean I'm right. I'm not long or short this company because I don't have a strong opinion on them one way or another yet.

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