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Culp Poised To Rebound On Cost Cutting & Debt Reduction

Mon, 03 Nov 2008 18:27:00 GMT

In early September, Culp Inc. (CFI) reported results for its fiscal 1Q09, which included lower net sales of $59.3M compared to $65.2M in the year-ago period, but still managed a profit per diluted share of $0.06 ($781K) versus $0.07 ($851K) in the year-ago period. Excluding restructuring charges, 1Q09 profits were $1M or $0.08 versus $1.5M or $0.12 in the year-ago period. In mid-August, Culp acquired the knitted mattress fabrics operation of Bodet & Horst to provide the Company with improved supply logistics, vertical integration, and improved customer service. The acquisition was financed by $11M in unsecured[More...]

West Brightens New Home Sales - Analyst Blog

Mon, 27 Oct 2008 22:37:00 GMT

This morning's new home sales report was moderately encouraging as overall new home sales rose in September to a seasonally adjusted annual rate of 464,000, up 2.7% from August's rate of 452,000 but down 33.1% from last year's rate of 694,000.? Unlike housing starts, a rise in new home sales is a good thing since it helps clear out the huge inventory overhang. ? Total inventories (not seasonally adjusted) fell to 396,000 from 422,000 in August and 527,000 a year ago.? On a monthly basis, the improvement was slightly more significant in the number of completed homes for sale, which were down 7.1%.? On a year-over-year basis, though, the improvement there has been much more muted, down just 11.0%.? The combination of slightly rising sales on a monthly basis and falling inventories have helped push the months supply figure down to 10.4 months from 11.4 months in August.? The August figure had been the highest sine 1982.? The figure is still well above[More...]

Citigroup, Merrill And Citadel: Not So Pretty

Fri, 17 Oct 2008 03:15:00 GMT

I started the day bright and early at Fox Business News' studio, discussing Citigroup's earnings and its ramifications for the market. Around the same time as Citigroup's release Merrill reported, missing consensus by a mile. And then we had the news of Citadel's troubles. If I had more time on the show I could have blathered on for hours, but seeing as how I had about 60 seconds there is a whole lot more I wanted to say. Here are a few themes:Citigroup's earnings - who knows, who cares? Can anybody tell me - Bueller, Bueller? - what their[More...]

Historic Day Bouncers

Thu, 09 Oct 2008 14:35:00 GMT

“Historic day” definitely refers to the global coordinated interest rate cut by the U.S., England, Europe, and China- the four most influential economies of our day. I was joking on my Twitter feed how exciting it was that China joined the “Allied Forces.” Yeah, the rate cuts probably took the world a step back from the cliff of a worldwide deep recession, but the positive benefits of the cuts, if any, probably won’t be felt for months and months. What mattered more for me today, and probably for those who monitor their investment accounts closely, it was just good to have a day where we weren’t in freefall.[More...]

Earnings, Oil, Inflation, & Fear

Wed, 16 Jul 2008 14:29:00 GMT

Good morning. Premarket futures have been volatile this morning as investors sort through a batch of earnings reports that were for the most part not as bad as previously feared (WFC, INTC, ABT, CSX) and another drop in oil prices. However, a much higher than expected CPI has restrained overall premarket sentiment. [More...]

Krispy Kreme on Firm Base but Faces Steep Climb, Stock Experts Say

Sat, 06 Jun 2009 11:03:00 GMT

Jun. 6--Krispy Kreme Doughnuts Inc. appears on the road toward financial recovery and profitability after five years in corporate purgatory.
However, getting analysts and investors to care will be challenging considering Krispy Kreme is barely on the radar screen of both groups these days.
Most analysts dropped coverage in the past three years because of previous questions about Krispy Kreme's finances.

: iStockAnalyst.com Symbols Feed

Culp Poised To Rebound On Cost Cutting & Debt Reduction

West Brightens New Home Sales - Analyst Blog

Citigroup, Merrill And Citadel: Not So Pretty

Historic Day Bouncers

Earnings, Oil, Inflation, & Fear

Krispy Kreme on Firm Base but Faces Steep Climb, Stock Experts Say

Thomasville Cuts Jobs in Lenoir

150 Lose Jobs at Thomasville in Lenoir: Lane, Drexel Heritage Also Targeted for Layoffs.

Furniture Brands Repositions in a Tough Economy

Hickory Metro Jobless Rate Nears 11 Percent: Nearly 5,000 Jobs Lost in Region

Triad Jobless Rate Hits 8 Percent, a High Since Regional Record-Keeping Began in 1990

Davidson EDC Works on Strategies

Flexsteel Cuts 33 Workers

News-Topic, Lenoir, N.C., Edward Terry Column

Are You Protected From a Meltdown?

Furniture Brands International Reports Third Quarter 2009 Financial Results

Furniture Brands International Reports Second Quarter 2009 Financial Results

Furniture Brands Adopts Stockholder Rights Plan to Preserve Value of Net Deferred Tax Assets

Furniture Brands Names Mark Wiltshire to Head Expansion of Canadian Market

Furniture Brands International Reports First Quarter 2009 Financial Results

Rockville, MD is Home to Newest Thomasville Store

Furniture Brands Announces The Thomasville Promise

Analyst Reports for TBI, FBN, TBL and RT

Furniture Brands International Names Greg Roy President of Lane Furniture Industries

Furniture Brands International Reports Fourth Quarter 2008 Financial Results

Form 4 FURNITURE BRANDS INTERNA For: Nov 13 Filed by: SCOZZAFAVA RALPH P (10K)

Form 4 PATTERSON AUBREY BURNS For: Jun 09 (10K)

Form 4 McGuire Maureen A For: Jun 09 (10K)

Form 4 HOLLIMAN WILBERT GLENN For: Jun 09 (10K)

Form 4 FURNITURE BRANDS INTERNA For: Jun 09 Filed by: MARTIN BOB L (10K)

Form 4 KAPLAN IRA D For: Jun 09 (10K)

Form 4 JORDAN JOHN R JR For: Jun 09 (10K)

Form 4 McGuire Maureen A For: May 06 (10K)

Form 4 Johnson Ray For: May 06 (10K)

Form 3 KNOBLOCH GEORGE W For: May 07 (10K)