La-Z-Boy, Inc. (NYSE:LZB)

tsperbeck (99.63) Submitted: 1/4/2008 1:29:09 PM : Start Price: $8.59 LZB Score: -69.87

I have to agree with the Fools on this one.

godsmacks1 (57.13) Submitted: 12/21/2007 4:40:28 AM : Start Price: $7.62 LZB Score: -94.87

home furnishings and fixture sector

mortgage problems kills furnishings

DoctorRosenrosen (66.59) Submitted: 12/3/2007 12:24:51 PM : Start Price: $5.28 LZB Score: +178.24

Total value play. Liquidation value is over a dollar more than price. Company cut costs faster than sales declines. Over 8% dividend yield.

Postageman (66.35) Submitted: 11/21/2007 11:13:24 PM : Start Price: $6.56 LZB Score: -121.85

Not much demand due to weak consumer confidence and home sales.

JustAGuy100 (42.54) Submitted: 11/14/2007 12:49:41 AM : Start Price: $6.73 LZB Score: -120.43

Furniture demand low along with housing

SlamDunkEarly (24.01) Submitted: 8/20/2007 5:09:07 PM : Start Price: $9.42 LZB Score: -56.09

whiplashed by slowing housing. Will look for LZB to Outperform 6-9 months from now if housing and financial markets stabilize, but for now no good news to hang a hat on.

TrueNate (41.70) Submitted: 6/7/2007 10:31:43 PM : Start Price: $10.92 LZB Score: +37.92

Took some nasty hits as of late, that are not undeserved. The dividends now are paying a pretty high ratio, and this company is pretty strong. A 1135 PE ratio, makes this stock a very strong buy, and a very low risk.

Funksta (39.02) Submitted: 5/29/2007 4:47:18 PM : Start Price: $11.01 LZB Score: +38.00

If nothing else, this stock is beat down and heavily shorted. A squeeze could take it higher in the next few weeks, but my overall opinion may be more in line with the majority that LZB is past its prime and may end up dying.

NetscribeRetail (95.38) Submitted: 3/22/2007 7:54:33 AM : Start Price: $12.48 LZB Score: -17.54

La-Z-Boy seems “lazing around”. The company engages in the manufacturing, marketing, and retail of upholstery products and casegoods furniture products in the United States and Canada. It operates in three groups: Upholstery Group, Casegoods Group, and Retail Group.

The company owns more than 300 stores, which seems to be a healthy sign, however majority of its own-stores are non-performing. Further, its strategy to penetrate in the same meager performing market is not likely to prove a major revenue booster. Adding to this, declining US housing sales and rising raw material costs, dampens the remaining hopes.

La-Z-Boy has been involved in lot of restructuring recently and made loads of changes within one year. It closed and consolidated many of its plants, consolidated several of its warehouses, closed down many of the non-performing stores. The recent shutting of two upholstered-furniture factories and elimination of 500 Jobs is a clear indicator of the tough times the company is going through. Though company will benefit from these cuts in the long run, in 2007 the advantage will be offset by employee severance payments and other restructuring costs.

Company’s current performance bestows mixed signals; revenues have surged by 3%, while net income from continuing operations has climbed by 59%. Having a closer glance, the massive income hike, can be attributed to restructuring income, and continued dumping & subsidy offset. Looking ahead in 2007, it will be very difficult for La-Z-Boy to beat the benchmark, as the company continues to see volatile retail environment. Further, as the company tries to face the environmental challenges and, struggle with its own existing internal flaws, it will be better for the investors to stay away from La-Z-Boy.