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Furniture Brands International Inc. Message Board

  • longtimefollower longtimefollower Nov 4, 2010 10:10 AM Flag

    The storm is over.

    The company is stabilized. It is operating at roughly break even, for a few quarters, its 2 strongest quarters, seasonally, are ahead of it, and we have essentially NO debt, net of cash. Management, meanwhile, has made it very clear that we are highly leveraged to an upturn in furniture sales. Personally, I think the industry is going to turn up in 2011, and by 2012-2013, we will be seeing sales 25-40% higher than today. In that kind of scenario, I think FBN can be earning $1.50-2.50 in EPS, and the stock can be selling at $15-25. Meanwhile, in the short term, this continues to be a potential buyout candidate at $8-9, imho.

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