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Hooker Furniture Corp. Message Board

  • heknows37 heknows37 Feb 23, 2005 5:06 PM Flag

    Quick overview from the knowledgable

    I am new to HOFT (pointed this direction via looking at a couple other furniture stocks - LZB, STLY).

    I would be curious to hear the quick version of the story for HOFT from someone who has followed/owned (congrats!) the stock for awhile.

    A couple specific questions:
    1) What do you make of the accounting inquiry? HOFT has stated that it will not impact reported earnings, so perhaps it is a futurish thing or just simply no big deal.

    2) What do you make of the wave of insider selling? It looks like this is a formerly small/familyish type business. It is reasonable that people cash out some/diversify in success, but the volume of Jan sales just looks frighteningly high.

    3) What gives on the valuation relative to projected EPS growth? PE is 12 for 5yr (Yahoo!) projected EPS growth of 18.5% which is dirt cheap. I do notice that only 3 analysts cover the stock, so perhaps they all lean optimistic? Or? I have been investing long enough to know that things are only unreasonably cheap for a good reason. In many cases, you can understand the reason for the discount and decide it is worth the risk/negative. But to not understand why the discount exists is not fue diligently responsible.

    Thanks in advance to anyone who can help me get up to speed on HOFT and possibly push the stock a tiny bit higher by purchasing it.

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    • I'm a novice to this stock as well and a relatively unsophisticated investor. That said, all three stocks you mention have received numerous very favorable mentions by The Motley Fool (TMF) contributors. Hooker (HOFT) was a Hidden Gem pick in July 2003 then selling for $13.58. HOFT is still very much in favor in the Motley Fool camp. Stanley (STLY) was a Hidden Gem Recommendation in Sept at $41.15 and again in Nov 2004 at $41.97 and continues to be favorably viewed by TMF founder, Tom Gardner.

    • I'm a novice to this stock as well and a relatively unsophisticated investor. That said, all three stocks you mention have received numerous very favorable mentions by The Motley Fool (TMF) contributors. Hooker (HOFT) was a Hidden Gem pick in July 2003 then selling for $13.58. HOFT is still very much in favor in the Motley Fool camp. Stanley (STLY) was a Hidden Gem Recommendation in Sept 2004 at $41.15 and again in Nov 2004 at $41.97 and continues to be favorably viewed by TMF founder, Tom Gardner.

 
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