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Chromcraft Revington, Inc. Message Board

  • zanelladaniele123 zanelladaniele123 Mar 31, 2013 3:53 AM Flag

    zacks report....

    Another stock missing out on all of the fun is Chromcraft Revington (CRC), a furniture retailer and manufacturer based out of Indiana. The stock has long traded for below book value as it has been unprofitable ever since the recession hit. However, at current valuations and improving results with the housing market as a strong tailwind, may give CRC a nice boost.

    Recent results have improved as sales rose 11% in Q1 and gross margin nearly doubled to $2.9 million. The company still recorded a loss of 15 cents a share, but a significant improvement from the loss of 38 cents a share recorded in the first quarter of last year. With a strong asset base of about $21 million in current assets and the fact that it owns two large warehouses that have value on the open market, downside is limited here. If the company is able to continue seeing improvements in its results, a strong rally in the shares may follow. CRC is currently trading at an EV/revenue multiple of just 0.11. A move to ETH's multiple of 0.94 or just LZB's EV/revenue multiple of 0.37 would make the shares a triple

    Sentiment: Strong Buy

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