Shaun Currie, CFA
Long/short equity, hedge fund analyst, momentum

La-Z-Boy: Recent Selloff Creates Attractive Buying Opportunity

La-Z-Boy (NYSE:LZB) has had a rough start to 2014 (down almost 15% YTD), but I believe that this selloff is unjustified and actually creates a great buying opportunity on the stock. Over the next several years, the company will grow revenues in excess of 10% annually, which is currently being ignored when looked at consensus estimates, and will also expand margins into the double-digit range. Though this growth potential is currently being ignored, this can only last for so long, and I believe we will see a re-valuation of the stock in the next 6-12 months. Even if this does not occur, the company has $190MM of cash on the balance sheet and will generate in excess of...

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