Rupert Hargreaves
Long only, value, contrarian, Deep Value

Stanley Furniture Co.'s Turnaround Reaches Inflection Point

Those reading this may cast doubt over Stanley Furniture Co.'s (NASDAQ:STLY) potential. The company has disappointed consistently for the past few years, while management continues to stick to the "we're turning the ship around" line.

Nevertheless, this time around there does seem to be a real chance to get things, sorted, especially now the company is in the final stages of divesting its Young America brand.

Background

According to Stanley's company website:

…Stanley Furniture was founded in 1924 by Thomas B. Stanley, a farmer-turned-industrialist, who later became Governor of the Commonwealth of Virginia. In 1957… …Like most manufacturing companies started in the early part of the 20th century, Stanley was founded on humble beginnings as the Industrial ...
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