Hooker Furniture offers uncommon value. At $9.75, yesterday’s close, the Company trades well below tangible book value, has no debt, positive cash flow after paying a 4% dividend to shareholders. Hooker Furniture has $3.24 in cash on a fully diluted basis when you add the cash surrender value of its company owned life insurance policies to the cash on the balance sheet.Yes it’s in the housing business and everything there is suffering under the same malaise and declining consumer confidence. Costs are going up as well on imported goods. I don’t know what the catalyst would be to return investors to this stock but this Company could save some money here by not being public.
Hooker Furniture Corporation designs, imports, develops, and markets residential wood, metal, and upholstered furniture
products in North America. . The company also offers various residential leather and fabric upholstered furniture under the Bradington-Young upholstery brand; specializes in leather reclining and motion chairs, sofas, club chairs, and executive desk chairs and offers upscale occasional chairs under the Sam Moore upholstery brand. The company was founded in 1924 and is headquartered in Martinsville, Virginia.
