Does anyone have any idea of where they think this stock may be in the next 1-2 years? It seems like a good value right now but I am not sure the management can execute a proper strategy for growth. Thoughts?
I do not think the real estate market has "really" kicked in yet for companies like Stanley. More like investors have been moving inventory or a great deal of money is going to rentals. Their furniture is top of the line so it may take a few more quarters until sales ramp up. I like this play, I like the CEO and also believe there is value here but in the last c/c I was expecting more from him. Like a better, more aggresive market strategy. Still implementing changes.
I was also disappointed with the conference call and felt that no true direction or strategy was given moving forward. I'll give them a few more quarters to turn things around and would expect a clearer strategic direction from the CEO next earnings announcement. There is value here but it is up to management to unlock it and take the company to the next level.