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Hooker Furniture Corp. Message Board

  • simraceroh simraceroh Dec 8, 2004 10:48 PM Flag

    recent price action?

    anyone able to explain recent price action (fairly large drop since October highs) and whether this is a good entry point? I've looked through the financials and read the 2003 annual report and visited the website. The company seems in decent shape....

    looking forward to discussion....I currently don't own any shares, but looking at possibly a "long" position.

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    • They closed down their plant in North Carolina I believe. This reduced their profits compared to the forcasted outlook, thus the price dropped. I still think it could be a profitable stock in the long run. Has anyone heard anything new from Motley Fool? I do know that this stock was one of their "Hidden Gems" picks. Thanks.

 
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