% | $
Quotes you view appear here for quick access.

Stanley Furniture Company, Inc. Message Board

  • microcaptrader microcaptrader Apr 2, 2014 4:24 PM Flag

    Looks like the market views taking uncertainty off the table...


    as a net positive. I just hope mgmt's plan for the transition is better than their plan was for bring YA to Robbinsville.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • My back of the envelope thinking is this. They receive the additional dumping funds and use that to pay for the charges to get out of the Young America's business. So maybe cash doesn't take much more of a hit although it may go lower first, depending on how it is paid out.

      Can they sell the Young America's line? Don't know. Can they sell some of the assets at Robbinsville? Sure, there has to be something there although like buying a new car, they sure took a loss in value on the recent money spent including IT and labor to install and streamline.

      They have a state of the art showroom. The question now seems to be is the adult line really profitable and is it profitable enough to support the marketing and overhead.

      If it was this simple to get profitable then as one of the other posters said why the hell did they invest all the time and money in Young America? Hubris? Because they had the money? Likely both. A group think that once it was like 2007 again things would rock? Except it isn't and might not be ever again.

      Once they divest everything it would seem there are two options. Sell the remaining line or buy another one.

2.57-0.05(-1.83%)May 27 4:00 PMEDT