Stanley Furniture: This $1 Potential Turnaround Stock Is Deeply Undervalued And It Has A 'Hidden Asset' [Seeking Alpha]
HG HOLDINGS INC (STLY)
US:NASDAQ Investor Relations:
stanleyfurniture.com/investor-relations/at-a-glance
Company Research
Source: Seeking Alpha
Summary When I last wrote about another furniture company called Natuzzi ( NTZ ) in November 2016, it was trading at $1.55 per share. It has nearly doubled in value since then, and now there is another deep value furniture stock that also appears to have similar upside potential. Let's take a closer look: Stanley Furniture ( STLY ) is a designer and manufacturer of furniture products. It offers a wide range of products and styles, from dining room to the bedroom and from contemporary to traditional. This company has made a number of moves recently which seem to point to it preparing for a potential buyout. For example, in 2016 it gave shareholders a large cash distribution, and it said it was reviewing strategic options. It also has taken steps to cut costs and boost profits, which could also be viewed as a way to prepare the company for a potential buyout. This stock appears deeply undervalued based on the cash and other assets that Stanley Furniture has, plus the company
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Sec Filings
- 3/28/24 - Form 10-K
- 3/14/24 - Form S-8
- 3/14/24 - Form 8-A12B/A
- STLY's page on the SEC website