La-Z-Boy, Inc. (NYSE:LZB)
La-Z-Boy is all about kicking back and relaxing. Though synonymous with the reclining chair, the company makes a range of upholstered furniture.
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Recs
sharktrade
(< 20)
Submitted: 12/1/2011 6:42:14 PM :
Start Price:
$11.76
LZB Score:
+10.73
**** i want one !!!!
Recs
TSIF
(99.96)
Submitted: 12/1/2011 3:38:32 PM :
Start Price:
$11.74
LZB Score:
-9.77
La-Z-Boy, Inc for a retailer in a somewhat "luxury" area in the midst of housing declines and forclosures has been doing very well. They are a poster child for revamping, getting costs under control, managing advertising, and managing inventory. Threre is little not to like here from a retail perspective, but overall there is little upside here either. La-Z-Boy, Inc continues to surprise analysts, though the bar is fairly low and store traffic increases and EPS beats slightly. This genreates a "pop" from short covering and a slow decline.
Some of these plays burn me lately and I'm starting to avoid these short term plays. In this case the market is at a transition point as we finish off the year. It wants to pop for a rally and if it does La-Z-Boy is unlikely to participate further than what it did today and should get left behind by the S&P for a small CAPS gain. If the market collapses then stocks such as La-Z-Boy Inc has a habit of getting punished more than most stocks and I should get some good retrace.
This is a nice little company, but again I don't see the upside and given the market conditions I think it's worth a retrace play. Even with improved earnings the P/E is over 20 and the margins are still thin. Cash flow still relies on nearly perfect inventory management. It may take some time to play out, I'll be in my recliner easing back if this pick survives through the New Year and reality finally hits the markets.
Recs
robertshrestha
(63.72)
Submitted: 8/31/2011 2:51:31 PM :
Start Price:
$8.60
LZB Score:
-49.97
Dying brand, challenging economic environment, declining fundamentals, rising costs. Nothing much to like here.
Recs
Maribaza
(30.48)
Submitted: 12/6/2010 11:31:50 AM :
Start Price:
$9.21
LZB Score:
-42.88
Personal Scoring Results:
37 30 16
46 16 27
Recs
21popsontop
(< 20)
Submitted: 10/25/2010 1:43:28 PM :
Start Price:
$7.96
LZB Score:
+60.32
La-Z-Boy looks like a longshot for some La-Z-Money.
Recs
86army
(< 20)
Submitted: 6/29/2010 1:48:45 PM :
Start Price:
$7.66
LZB Score:
+51.51
Financials improving and sales are increasing. All of this with the best known furniture name in the industry!
Recs
OlleEgg
(74.56)
Submitted: 6/14/2010 7:54:49 AM :
Start Price:
$12.62
LZB Score:
+12.30
With a cutting in dividends, continuing declining equity and earnings, and the other big competitioners like IKEA, this stock is going to underperform.
Recs
BucknFl
(< 20)
Submitted: 1/14/2010 4:45:20 PM :
Start Price:
$10.63
LZB Score:
+12.62
LZB is a one star stock that everyone seems to hate, yet it is up 500% in one year and up 7% today. Don't fight the tape is appropriate here. The company is returning to profitability thru cost cutting and moving some of their manufacturing to Mexico.
Recs
Dystien
(< 20)
Submitted: 11/18/2009 3:17:52 PM :
Start Price:
$9.20
LZB Score:
-28.95
Shorting the unreasonable jump.
Recs
MATTALANKANE
(54.81)
Submitted: 9/30/2009 4:02:50 AM :
Start Price:
$8.78
LZB Score:
-30.73
THIS STOCK/COMPANY IS A DOG....THE PULLBACK WOULD HAVE TO BE TO $3.00 BEFORE I WOULD CONSIDER PUTTING A DIME INTO IT........EVEN WITH THE RECESSION ENDING LZB IS WAY OVER PRICED....DUMP AND RUN
Recs
OldEnglish
(27.97)
Submitted: 8/30/2009 9:10:33 PM :
Start Price:
$9.22
LZB Score:
-17.65
There are so many hogs to be slaughtered. Hmmm... I may buy a Lazy-boy to sit in - during my wait at the bread line.
Recs
jstegma
(29.66)
Submitted: 8/19/2009 11:07:34 AM :
Start Price:
$3.74
LZB Score:
-227.00
Furniture just doesn't seem like the business to be in right now. It's about as consumer discretionary as you can get.
Recs
brocksamson
(29.25)
Submitted: 6/23/2009 11:56:24 AM :
Start Price:
$4.42
LZB Score:
-161.34
This rally is totally unfounded.
My guess is that the current profits are a result of liquidating inventory combined with low-interest rate financed sales.
In this downturn? Furniture? Seriously?
Recs
Chuckster
(< 20)
Submitted: 6/16/2009 12:29:22 PM :
Start Price:
$4.25
LZB Score:
+176.78
Everybody sits.
Recs
atman51
(< 20)
Submitted: 1/7/2009 3:06:19 PM :
Start Price:
$2.22
LZB Score:
-469.89
The line is flat. It is product driven and the product is not performing. As a result the stores that display LZB as the name are in dire staits, low sales and low cash flow.
For years they have tried to push major upholstery on to the consumer, it has not worked. But LZB is too vain to admt the mistake and get back to doing chairs which made the brand famous. Until the abandon the marketing philosophy hings wil not improve. Also management is inbread ie Darrow and White and the entire board needs to be removed.
Recs
monster963
(< 20)
Submitted: 6/23/2008 10:37:45 PM :
Start Price:
$8.84
LZB Score:
-52.39
How many sofas can you buy?
two thumbs down
Recs
TheRupturedDuck
(57.32)
Submitted: 4/16/2008 10:28:17 PM :
Start Price:
$7.24
LZB Score:
-88.21
From my short ideas/valuation screen
Recs
thearistocrats
(72.10)
Submitted: 3/2/2008 9:53:16 PM :
Start Price:
$8.25
LZB Score:
-61.99
overvalued
Recs
nonnimarjan
(< 20)
Submitted: 1/18/2008 11:02:51 AM :
Start Price:
$6.42
LZB Score:
-109.80
sorry products and even worse customer support.
Recs
smudge1260
(< 20)
Submitted: 1/7/2008 11:05:48 PM :
Start Price:
$8.74
LZB Score:
+59.22
No one disputes that La-Z-Boy has the best-known furniture brand in the world. The company's modest risk profile does not warrant such a low valuation. Its profitable upholstered segment will protect the company from ever getting into really serious financial trouble, and the company could always cut its high dividend yield if it felt it needed cash.
I believe the company's current marketing and distribution strategies will improve going forward, which makes me even more confident that LZB is underpriced today.
I would like to see the company continue to move its marketing focus downmarket, at consumers of more modest income--it should market more to Sam's Club customers and stop advertising in "Cottage Living." Its recent agreement to exclusively license La-Z-Boy's new line of outdoor recliners and patio furniture to be manufactured by another company and sold exclusively at Sam's Clubs is a step toward a very powerful strategic combination of leveraging its: brand recognition, reputation in the subsector of motion furniture, position as an affordable luxury, large research and development budget compared to other furniture companies, and ability to outsource production to lower cost producers.
LZB is also well positioned for the developed world's aging demographics. As first-world countries' populations reach retirement age and beyond, they will find motion furniture more attractive. It should also be noted that the elderly have higher net worths than younger people, contrary to popular misconception. Also, do you expect the future to involve more sitting and looking at TV or computer screens, or less viewing of screens? The answer is likely to be more, which favors comfortable motion furniture.
Not only do I expect the share price of LZB to increase , but this price appreciation will be additional to its large dividends.
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