Hooker Furniture Corp (HOFT)

JLuz (96.31) Submitted: 9/18/2009 1:03:35 PM : Start Price: $14.06 HOFT Score: +18.39

Thumbs downed just because of the name. "Hooker Furniture?" Seriously?? :D

srk85 (86.57) Submitted: 4/30/2009 5:12:50 PM : Start Price: $11.31 HOFT Score: +22.08

Falling earnings make the current price level too rich.

withoutlimits (88.22) Submitted: 10/24/2008 3:09:21 PM : Start Price: $8.85 HOFT Score: -6.52

Hookers don't really need a lot of furniture.

godsmacks1 (98.13) Submitted: 12/21/2007 4:40:28 AM : Start Price: $19.77 HOFT Score: +17.71

home furnishings and fixture sector

mortgage problems kills furnishings

na100 (38.85) Submitted: 9/22/2007 12:05:21 AM : Start Price: $18.73 HOFT Score: +12.20

Bad industry, bad climate, strangely high P/E.

coppingk (81.84) Submitted: 8/5/2007 7:13:43 PM : Start Price: $16.91 HOFT Score: +10.09

Furniture is a bad business. This company has nothing to distinguish it from its competitors, will underperform.

NetscribeRetail (90.74) Submitted: 4/26/2007 2:29:49 AM : Start Price: $20.33 HOFT Score: -19.34

Hooker Furniture is ranked among the nation's top 10 largest furniture companies. It deals in imports and manufacturing of residential wood, metal and upholstered furniture. Recently the company announced the closure of its last remaining wood furniture facility. The same marked Hooker’s exit from domestic wood furniture manufacturing. This shift results from an ongoing drift of decreased order and sales rates for the company's domestically produced wood furniture and increased demand and sales for its imported wood and metal furniture. Company’s shrunken domestic wood business vs. its import wood business will positively impact its margins in the coming future.

Company reported a sales decline in its recent two-month, but on the other hand it witnessed a 10% jump in the internal orders compared to last year same period. This gives some positive hope for the future sales trend of the company and it has a remaining year time to prove its sales performance. Company recently announced that it intents to purchase Sam Moore Furniture, from La-Z-Boy in a strategic move to further diversify into fabric-covered upholstered seating. Sam Moore has a similar dealer base and is a niche- and item-oriented line like Hooker, which makes this proposed acquisition a good match for the company. This acquisition will surely help boost up company’s sales.

At present the major concern remains is company’s year-by-year shrinking net income but the Company seems to be on it to solve this problem. It has already started out by bringing down its inventory item count and thus bringing the warehouse space down. It has vacated one warehouse already and plans to vacate another one or two, by the end of this year. Its possible acquisition and internal cost curbing should lead the company positively through the soft retail environment.

FoolishLav (56.08) Submitted: 2/20/2007 5:20:38 PM : Start Price: $17.68 HOFT Score: +13.02

They have just finished conversion of all manufacturing from on-shore to off-shore (China).
This may restore some level of profitability to HOFT, but they will never regain the margins of the old days.

TomG731 (< 20) Submitted: 1/29/2007 12:29:00 PM : Start Price: $13.91 HOFT Score: -3.28

New housing is down for a short period therefore new furniture will be down for the next year or so.

Docendo (69.52) Submitted: 11/17/2006 12:19:01 PM : Start Price: $14.06 HOFT Score: +0.89

Heirloom quality Hooker Furniture is found in many fine homes and luxury hotels...but they also market more economical pieces including RTA which will become the new norm as credit-addicted yuppies move out into the real world. Buying cardboard furniture from Wal-Mart may be 'below' them, but making the sacrifice to buy medium quality Hooker RTA has a unique appeal.

Regardless of the downward trend in new homes, high-quality and medium-quality furniture will continue to be in demand, and Hooker is positioned to deliver both!

StSimeon (76.74) Submitted: 10/18/2006 3:10:31 PM : Start Price: $12.59 HOFT Score: +9.08

Hooker is one of Tom's earliest Hidden Gems and a personal favorite. At 7% growth and a forecasted P/E of 14x, the annualized return is 19% -- good enough for this collection of selections.

JoshHart (< 20) Submitted: 10/10/2006 5:14:12 PM : Start Price: $12.74 HOFT Score: +6.54

With low gas prices and consolidation they will turn the corner