Stanley Furniture Q4 Update - Operational Issues Continue, Turnaround Is Uncertain And Will Take Time [Seeking Alpha]
HG HOLDINGS INC (STLY)
US:NASDAQ Investor Relations:
stanleyfurniture.com/investor-relations/at-a-glance
Company Research
Source: Seeking Alpha
Summary My initial thesis of Stanley Furniture ( STLY ) can be seen here . The previous quarterly update can be seen here . I believed that investors should avoid this company due to the following points: STLY has recently announced a cash dividend, which distributed a large portion of the shareholder value that the stock was worth buying for. Now the company faces uncertain future as its business is struggling to break even and is still supported by a governmental subsidy, which is currently under review. The valuation is not offering enough downside protection to these uncertainties and therefore it is best to avoid STLY until at least the subsidy issue is resolved. That being said there is a group of activists revolving around the management, which could try to change the status-quo, possibly through exploring a sale of the business. I believe that the thesis continues to hold as the Q4 results showcased that the operational loss widened and that
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Sec Filings
- 3/14/24 - Form S-8
- 3/14/24 - Form 8-A12B/A
- STLY's page on the SEC website