Furniture Brands International Inc. Message Board
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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.-
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
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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.
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