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Furniture Brands International Inc. Message Board

  • welbornrace welbornrace Oct 31, 2010 7:31 PM Flag

    FBN Stock Tanks in a Big Way

    The huge losses must be leaking out into the market place on FBN. All other competive furniture manfacturing companies closed with great gains on Friday.

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    • More "ONE TIME CHARGES" coming soon. They are closing another plant (big suprrise) in Virginia early next year and taking a 7 Million dollar charge. They say shifting production to North Carolina and Asia. They mean Asia because what they have left in N.C. doesnt produce ready to assemble furniture. The real problem is like the rest of the wood products they sell from Asia is they can't supply in time and will lose that business to.