Natuzzi Furniture: An Italian Hidden Gem

Hunting once again in the dark recesses of the small cap market for value, I have stumbled across Natuzzi, S.p.A (NYSE:NTZ) a designer, manufacturer and marketer of traditional leather and fabric-upholstered furniture such as loveseats and sofas. The company has 430 galleries worldwide, six production facilities and three warehouses.

Like Stanley Furniture Co. (NASDAQ:STLY), which also offers value and I have written about previously, Natuzzi, S.p.A (NYSE:NTZ) sells to the premium sector of the furniture market, and because of this the company has been hit hard by the recession over the past few years. Indeed, Natuzzi...