Hooker Furniture- are you kidding me?
Below book, no debt, 4.2% dividend, positive cash flow, insider buying, uh? 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 … Read more