Needs to close above $1 for 10 consecutive days to regain Nasdaq compliance. Today was day 6. So they could satisfy the listing requirement by Monday.
A close above $1 for a specified number of days takes delistment off the table. TBV =~ $1.35. NOLs =~$1.40. If management can just get STLY back to profitability for a couple of back to back quarters, this becomes a $3 stock. Not a bad return from 80 cents.
Stanley surreptitiously released earnings today after the market closed. Have they ever released an earnings report this quickly? To the extent you can have any faith in to any word out of Prillaman's mouth, things are looking up. "“Although more patience is required from our shareholders and customers to see our plans fully executed to recover from last year’s sourcing issues, we remain confident that the second quarter will begin to demonstrate slight profitability,” said Prillaman."
HOFT Look at their report today. Maybe STLY can turn around. The business plans are similar.
Four out of six BOD members (after may meeting) will be of the new regime. How long before this company gets sold, to whom, and for how much?
Got a great report from http://yugestocks.com/?s=STLY about $STLY. I did have to subscribe but it was worth the time. Thank you guys for the tip! Trading stocks investing. Kirkland's law: the usefulness of any meeting is in inverse proportion to the attendance.
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Looked like we had a buyer willing to move the price up for a day or two. Back to 78 cents unfortunately.
So what is the current combined ownership of Hale, Talanta, and Solas? Throw in a couple of other largish shareholders and they have to be over 50% by now even before Hale's option. All of them are currently underwater on their shares. Even solas, who bout at $1 (after dividend) is down 20%. What's the plan here?
It's always the quarter AFTER the current quarter. Prillaman, one bad decision after the next, has almost completely destroyed what was once a proud company. Can't fire the bast@rd without paying him a small fortune. It's criminal what these CEO's get away with.
I like their health status at the moment - low debt and still plenty of room to grow
Has Stanley Furniture Company Inc (STLY) Got Enough Cash To Cover Its Short-Term Obligations?
Any company, including Stanley Furniture Company Inc (NASDAQ:STLY) with no debt in its capital structure, would maximize capital returns by having an optimal capital structure, which includes debt.
STLY is very cheap on valuation. Management needs to diversify the business into finance / insurance for growth. This should be the next Berkshire Hathaway if management can see that vision and diversify into other business lines
From 1/30 8K - Solas owns 18% and Hale gets option to go from 10-18%.