Ethan Allen Interiors, Inc. (NYSE:ETH)

CAPS Rating: 1 out of 5

The Company is a manufacturer and retailer of quality home furnishings and accessories, offering a full complement of home decorating and design solutions.

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Member Avatar starrider78 (94.05) Submitted: 3/14/2009 9:27:39 PM : Outperform Start Price: $7.60 ETH Score: +67.68

The dividend cut was to make sure they did not tap their revolving credit line (Which they still haven't touched). Well-run, veritcally integrated company in a beaten-up industry with a huge moat and lots of liquidity. Ethan Allen is one of the few recognizable names in the furnature industry and its name means quality and resale value.

Price-to-sales: 0.28x
Net profit margin around 4%
Operating margin and gross margins at the top of their subindustry.

The dividend is nice for DRIP while you wait for the stock to go back up!

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Member Avatar MViscio1 (99.67) Submitted: 10/23/2008 2:13:41 PM : Outperform Start Price: $15.76 ETH Score: -78.87

A RETAIL STOCK

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Member Avatar alcafu (< 20) Submitted: 7/18/2008 12:39:30 PM : Underperform Start Price: $21.68 ETH Score: +47.89

Short this thing! It is a furniture stock. This thing will go down to like $15 in a few weeks. Even though they sell high end stuff this portion of society has losy huge amounts of money in investments in the stock market. Their earnings will come out on wednesday. I am betting big time they will report not earnings below but negative instead of the expected +.45

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Member Avatar GGG333 (89.48) Submitted: 2/15/2008 4:15:36 PM : Underperform Start Price: $23.81 ETH Score: +46.53

Ethan Allen is a great company and I buy their stuff when I think it's price-competitive (although Target furniture is more passable all the time).

I think the stock is hugely overvalued at $28. I expect a pullback in luxury furniture spending this year as fewer people furnish new homes, which will further dampen ETH growth.

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Member Avatar godsmacks1 (57.12) Submitted: 12/21/2007 4:40:28 AM : Underperform Start Price: $23.46 ETH Score: +33.91

home furnishings and fixture sector

mortgage problems kills furnishings

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Member Avatar kwheels (52.14) Submitted: 10/25/2007 7:10:13 PM : Underperform Start Price: $26.57 ETH Score: +41.95

With the credit crunch, consumers will find it more difficult to use their house as an ATM machine. Housing starts are down (also thanks to the credit crunch), lessening demand. Finally, foreign competition has led margins for ETH to drop (net income as a % of revenue was 10.7% in 1999, but 6.7% in 2007.

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Member Avatar lincoln198 (37.49) Submitted: 10/16/2007 5:03:21 PM : Underperform Start Price: $27.83 ETH Score: +44.56

Not keeping up with changes in field

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Member Avatar halfbagger (88.47) Submitted: 6/11/2007 12:18:06 PM : Underperform Start Price: $29.30 ETH Score: +53.56

the average american is done with moving up to a bigger home, and most will feel the crunch as they no longer can refi to raid their home equity. major remodeling will take a dive.

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Member Avatar NetscribeRetail (93.52) Submitted: 11/30/2006 1:47:33 AM : Underperform Start Price: $29.32 ETH Score: +65.18

Ethan Allen Needs to knock on the Wood, Ethan Allen Interiors is a vertically integrated firm in home furnishings and accessories, with a dozen furniture factories, including saw mills. The company operates through its wholesale and retail segments. The company’s wholesale segment engages in designing, manufacturing, domestic and offshore sourcing, sale, and distribution of a range to a of home furnishings network of its stores. The company’s retail segment, on the other hand, sells home furnishings to consumers through a network of company-owned interior design centers.

The industry, in which the company operates, itself is facing a down turn. Furniture companies have pared their profit forecasts in recent weeks as the cooling U.S. housing market, higher borrowing costs, and other economic factors lead consumers to pull back from big-ticket purchases. Moreover, new home sales and existing home sales have been declining from the past four quarters. Furthermore, home equity is expected to fall by 40% in 2007. These factors will have their effects on the future home furnishing sales.

Considering the growing uneasiness in the industry, Ethan Allen Interiors has been trying to speed up the process of filling customer orders, but again the faster turnover has reduced the visibility of future sales. With consumer confidence going down, along with the company’s declining sales, Ethan has shut down two of its manufacturing facilities. Owing to these conditions and the fact that consumers are directing their discretionary dollars elsewhere, there is no scope for the company’s stock to perform well at least in fiscal 2007.

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Member Avatar TMFTwitty (87.79) Submitted: 5/12/2006 1:09:23 AM : Outperform Start Price: $37.09 ETH Score: -95.63

Tradition, family, and country are the hallmarks of this brand. Underneath the updated lines geared to appeal to younger urban professionals are the foundations that made the company, and the USA great. Ethan Allen delivers.

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