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Furniture stocks were hit hard after La-Z-Boy (LZB -12.6%) posted disappointing quarterly...

Furniture stocks were hit hard after La-Z-Boy (LZB -12.6%) posted disappointing quarterly results, even as permits for new construction reached a four-year high (I, II) and shares of home builders seem to forecast a housing recovery. The divergence either means the recovery isn’t real or the comeback is being driven by speculative buying of empty foreclosed homes, John Melloy writes.
Comments (1)
  • bbro
    , contributor
    Comments (10314) | Send Message
     
    Or People aren't buying La-Z-boys....
    21 Jun 2012, 06:45 AM Reply Like
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