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 $$$$$$$$$$
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.
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.