I sell furniture for a retailer in the metro
Washington, d.c area.
There is a mild slowdown in
furniture sales, but from my opinion and most of my
coworkers, when times get tight it's the very customer that
these brands appeal to: Broyhiil, Thomasville, and Lane
that slows down their spending.
When times get
rough and the consumer is looking for value...Broyhill
is NOT where I take them! There are other
manufacturer's that make a better product for just a few dollars
more and others that make a far better product within
During a recession, customers are looking for long term
lasting value. Only Lane under the FBN umbrella offers
You guys had better worry. Because salespeople in
stores that offer a range of furniture DO NOT guide
customers to Broyhill. I only sell it if customers ask for
So employees are nervous about losing their jobs?
Or do they not feel comfortable with the new
management and reorganization of Thomasville? Have there
been layoffs at the plants? To answer your question
about the future price of FBN. Over time I expect them
to control a large majority of the furniture
industry. Assuming they get 20% of the market, the stock
should be worth anywhere between 60-120 depending on the
type of market we are in. If the market is crazy like
it has been we could see a 15-20X multiple in the
heat of some future bull market. Or a 10X multiple
would still put it at 60. I assume the company will
earn 6/share if it gains 20% mkt share.
I am currently working for TFI and I was curious
of your thoughts on last years stock increase. Do
you think that we will ever reach the $28 margin
again? I am aware of all the new management and I have
seen the downslide of production since. I blame low
moral of the employess for a major part. With all the
changes made here in the past year or two, it has turned
alot of heads which are scared of change. If there was
anyway to bring back that positive company attitude I
think that we could all benefit. Hopefully, in the
future we will get out of this rutt we are in and get
back on the highway like a scalded dog.
I worked for HCC for about 6 years. They had a
change in Presidents and a steady decline in profits for
the past 5 years. In the last two quarters of 99 they
posted no profits. They were paying for past sins and
Too much finished goods and furniture
wood parts inventory to write off. They did not have a
complete catalog in the market place until shortly before
I left in October.
They are leaning up the
operation and began making money again in the first quarter
of 00. They need to concentrate on making profitable
furniture and not offering so many different products to
the market place.
This is based on my
observations as an employee.
I like Hooker furniture
because the plant I work at is only concerned with making
quality furniture. There is little of the polotics(sic)
involved in the last places I worked.
made a profit for 75 of their 76 years. Something must
have happened in 1929 to slow business down. It is a
closely held company.
I thought you said you sell furniture? Your
profile says your a financial ANALyis? That would explain
your view of FBN. Seems you guys are always making
fools of yourself. Come back in 10 years and tell us to
worry. We've done the leg work and know the truth about
this company! Perhaps your post is to produce fear and
selling to make a purchase, no need, it most likely will
go lower or do nothing for the next 1-2,3 years.
Just gives us more time to buy:)
the opinion from our analyst: japmyers
FBN will "most likely go lower or do nothing for the
next 1-2, 3 years."
Sounds just like the kind
of investment we all all looking for.
for that candid opinion.
sounds like a
L O N G - T E R M Hold.
I do sell furniture!
my avocation is a
I do my leg work, every day
selling furniture, boy you can sure bash someone fast
enough that you don't even know!
If you don't
believe me, go into a furniture store that sells multiple
brands and ask the salesperson which procucts he or she
I gave you an honest post, and
I know furntiture retailing, stocks, and retail
Guys like you make me sick...do you fire a letter to
the letter of Barron's, Money magazine, Investor's
Business Daily whenever they write a story that rattles
Read what I say, go out and
verify the information..visit a local furniture retailer
in your area...and verify what I say about the
quality of Broyhill is true.
* In entertainment centers
* In Bedrooms
- Crawford of Jamestown New
- Pennsylvania House
* In Dining Rooms
- American Drew
* In fully
- Clayton Marcus
- Clyde Pearson
* In exposed wood
- Hickory Chair Company
* Occasional Tables
- Lane (yes a FBN
* Home Office
You asked about LZB and ROW, thay also make products
that are overpriced for the value.
goods Lexington is overpriced for the value, but the
quality IS THERE; just overpriced.
case, the quality just isn't there for the most part.
Thomasville is not bad quality, but over priced for what it
Getting some kickbacks?
I'll be visiting
my local retailers this weekend. Oh, so Thomasville
offers no lasting value? Shit, I'd better worry and sell
all my stock, I'm going to my hole to hide
I've got 100,000 waiting to go in at $10/share some
time over the next 2 years:) Recession here we