Furniture Brands International, Inc. (NYSE:FBN)

CAPS Rating: 2 out of 5

The Company designs, manufactures, sources & markets home rfurnishings through its four operating subsidiaries: Broyhill Furniture Industries, Inc.; Lane Furniture Industries, Inc.; Thomasville Furniture Industries, Inc. & HDM Furniture Industries, Inc.

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Player Avatar steoli (< 20) Submitted: 1/5/2007 2:53:51 PM : Outperform Start Price: $15.08 FBN Score: -91.53

In line with our latest retail checks, which indicate that sales remain depressed nationally, FBN lowered its 4Q guidance. Anecdotally, FL & the NE are among the weakest mkts, down as much as 12% YOY, while sales in TX are up slightly
off flat comps. We believe this reflects the cyclical downturn the industry is in the midst of, given the housing slowdown & higher interest rates.
Once more... It's time to get some value.

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