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Natuzzi SpA Message Board

  • longtimefollower longtimefollower May 29, 2013 9:35 AM Flag

    I bought both blocks.

    I couldn't resist. Yes, they're losing money, and have been for 6 years running, but I see the stock as just too cheap on a price/book basis, and for a number of other reasons which I'm sure I'll go into, over time.

    I now own 3% of the entire company, and 7% of the publicly floating shares. (The Natuzzi family controls the company, with roughly 60% ownership.) I believe I am the 4th largest outside owner of the company now. I believe I "cleaned out" Schroder Investment Management of all the shares they had. I am not sure where any other "size" is currently being offered.

    The stock is thinly traded, so I would caution anyone to use limit orders, in looking to buy or sell this stock, and to not "chase" it.

    Sentiment: Strong Buy

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    • closeouthelp May 30, 2013 3:45 PM Flag

      why would anyone buy this stock when current management is not interested in what there retail partners want and change the sales direction of the company every year. and then wonder why there market share is going down. there is no one in charge capable esp in the Americas to make a plan and see it thru . I strongly suggest you don't hold too much stock until there is proven management in place to see it through . they have to decide do they want to push natuzzi italia editions bonded leather they have to pick one and start doing it well without the service issues they now have then they can be a good company

      Sentiment: Sell

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