When I look for companies that could be interesting to investigate, I try to find names that have both company-specific catalysts and tailwinds from market trends. La-Z-Boy (NYSE:LZB) is one of these types of companies. Not only is the business in the middle of a successful turnaround, the company is also supported by several economic tailwinds. When evaluating LZB compared to its competition, it seems somewhat undervalued, leading me to believe that the turnaround story might not be known by investors because of its light analyst coverage.
La-Z-Boy is currently the second largest manufacturer/distributor of residential furniture in the United States. The company manages three segments (retail, upholstery and casegoods) and competes against different companies in each...
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