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Furniture Brands International Inc. Message Board

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  • rwcva rwcva Jun 2, 2000 9:00 AM Flag

    observation from a guy in the industry

    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.

    Thanks
    for that candid opinion.

    sounds like a
    downgrade to

    L O N G - T E R M Hold.

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    • 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.

      Thanks
      for that candid opinion.

      sounds like a
      downgrade to

      L O N G - T E R M Hold.



      "If" we go into a recession the stock will not move, I
      don't know how long it would last so I said the stock
      wouldn't move for 1-3 years. I believe we are going to go
      into a recession! FBN at this time is just the type of
      company I want to buy. I can load up on the stock over
      the next few years at very low levels, accumulating a
      large position. I'm in this stock FOREVER, do you think
      I care if it does nothing for 3 years? I've been in
      oil and gas stocks that have done nothing for 2 years
      and built large positions at low prices, can you say
      $$$$$$$$$$

      Good luck!

    • How about a litte background,before we put any
      "stock" in what you say. What type of store do you work
      in?___ sounds like your employer carries everything. If
      Broyhill is so poor why does your store carry it? Sounds
      like everything else in the store is so much
      better.
      How long have you been a furniture expert? Maybe you
      should open a store and try to compete with the FBN
      companies. Might find out its not as easy as you think.
      Since you don"t own any FBN what furniture stocks do
      you own the rest of us love to know so we can all be
      rich.

      • 1 Reply to kornkid55
      • It is all kind of beside the point, is it not? I
        do not particularly like fuzzy dice, but there is
        clearly a market for them. Is anyone implying that the
        quality has recently deteriorated in a material fashion
        and that as a result past sales figures are
        unreliable? Is anyone implying that the brands are positioned
        down-market in such a way that as incomes gradually improve
        they will appeal to fewer and fewer purchasers? No one
        seems to be making either point, and until they do I
        will refrain from substituting my own taste for FBN's
        customers. The sales data is what it is and it is not
        especially troubling.

        The reason cyclical stocks
        trade at large discounts to peak earnings compared to
        the market is because of such cyclicality. It hardly
        makes sense to then act surprised upon discovering that
        a company that sells for 7x ordinary earning cannot
        reliably increase earnings year over year. So what. That
        is why I paid $18.

        The pre-announcement
        seems likely to be a pro-active decision in the face of
        the 5.6% drop in housing starts. Guiding analyasts
        lower in such circumstances is quite reasonable.