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Investors Title Co. Message Board

  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Jul 8, 2010 2:31 AM Flag

    HOFT (?)

     

    pmlljl,
    Are you familiar with Hooker Furniture?

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    • pj:

      I am up to my neck in Flexsteel (FLXS) which is a furniture manufacturer and importer. So I have looked at some other furniture companies on Yahoo, including HOFT for comparison. So my knowledge of HOFT is limited to what I saw of their financial statements on Yahoo. Based on my limited knowledge, however, I am impressed with its financial statements. They have minimal intangible assets as well and a lot of retained earnings. I would consider buying it but I am very deep in FLXS.

      This morning I bought some ITIC at $29.64. I think that the low interest rate on the 30 year fixed rate mortgage (about 4.6%) will stimulate refinancing and more home sales.

 
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